mustang said
Earn 4.60% interest1,2 for 3 months when you open your High Interest Savings account with RBC for the first time. Offer expires 3pm EST on October 27, 2026  

Do their HISA promo offers ever have a true end date, seems they are forever replaced by another similar offer, been that way for years. It would be newsworthy if their HISA promo offer was available to existing clients and not necessarily targeted. Mind you, I suppose the whole purpose is to reel in new clients, the existing one's have been bought and paid for so why bother.

TeraKaktos said
During COVID-19 interest rates, RBC actually gave me enticing/actually competitive at the time special GIC rate offers  

Yeah, you are right. I see in Sept 2023 I had one two year GIC at 5.75% and two years ago I was receiving 5.25%. So they did offer some good rates for quite some time. I only have the one non-registered left with them now maturing in July at 4.7%

A limited Time Offer.....Your Special GIC rates....Non redeemable One yr GIC for 2.75% and a two year for 2.95%!!

Really generous of them.

* Most importantly arbitration is biased in favor of corporate interests. According to a study by Public Citizen which examined almost 20,000 arbitration decisions, the corporate party won a massive 94% of the time. In one case, an arbitrator awarded $11,000 to a debt collector against a woman who owed no money whatsoever, but who had the same name as a woman who did.

* Arbitration is often pay to play. If you bring a suit in federal court, you pay a $350 filing fee, and that's it. Arbitrators, on the other hand, frequently offer an a la carte menu. If you want to file a motion, that's $500. If you want a live hearing, $1500. If you want a written explanation of the arbitrator's ruling, $1500 more. In some cases, consumers have been charged $10,000 or more for the privilege of losing their case before a biased arbitrator.

* Arbitration is secret. Except in California, arbitrators are not required to publicly disclose their decisions. Because they can keep their past history from the public, many arbitration companies market their services to corporations by highlighting their pro-business bias, even as they lobby Congress with claims that they are just as fair and balanced as real live judges.

This is exactly what Air Canada is trying to force cheated passengers to accept or face year-long delays in complaint resolution. In fairness, Canadian passengers would have the option to reject an arbitration - and go back to waiting.

AlainJF said

AlainJF said

Absolutely not.
In my experience, it's impossible to get confirmation from a client advisor or branch employee. I considered calling the RBC ombudsman to complain about my experience, but I ultimately decided to dedicate my time to more important matters. Clearly, the client advisors I contacted were working from home, kept me on hold several times for no reason, and wasted my time without providing an answer to my simple question. Unbelievable !  

Absolutely unbelievable... despite the fact that I was unable to get any confirmation for the special offer anywhere (at branch, call center, app, online banking message center, email, etc.)... Well, I got it: "Bonus deposit interest" on Apr 1st.

I made the math and the bonus is 4.05% (Total 4.6%).

If someone knows where to see the bonus rate and until what date, please share!  

It's the Star Chamber scenario e.g. "secretive proceedings".

"In modern times, legal or administrative bodies with strict, arbitrary rulings, no due process rights to those accused, and secretive proceedings are sometimes metaphorically called "star chambers"."

rk said
How do you transfer out funds from this account?
I have tried to pull out a few thousands (so not much) using Flinks (via the other FI). Everything went well until I hit the 'Transfer' button. Finks said that this account is not eligible for instant transfer out. This is the first time when I hear something like this.
Anyone else has experienced this issue?  

Open a Day-to-Day savings account, it's free and has 1 free debit transaction per statement cycle. When it's time to withdraw you funds, do a transfer from e-Savings to the Day-to-Day savings account with no fee.

rk said
How do you transfer out funds from this account?
I have tried to pull out a few thousands (so not much) using Flinks (via the other FI). Everything went well until I hit the 'Transfer' button. …

Not sure if you'd want to do that. With the RBC High Interest eSavings account, only transfers to other RBC accounts in the same name and the first ATM cash withdrawal each month are free.

Other debits (like cheques, pre-authorized debits, and Interac e-Transfers) are $5 each.

anitavirginia said

Did you finally get some sort of confirmation that you are getting the promotion you were promised.  

AlainJF said

Absolutely not.
In my experience, it's impossible to get confirmation from a client advisor or branch employee. I considered calling the RBC ombudsman to complain about my experience, but I ultimately decided to dedicate my time to more important matters. Clearly, the client advisors I contacted were working from home, kept me on hold several times for no reason, and wasted my time without providing an answer to my simple question. Unbelievable !  

Absolutely unbelievable... despite the fact that I was unable to get any confirmation for the special offer anywhere (at branch, call center, app, online banking message center, email, etc.)... Well, I got it: "Bonus deposit interest" on Apr 1st.

I made the math and the bonus is 4.05% (Total 4.6%).

If someone knows where to see the bonus rate and until what date, please share!

anitavirginia said
A few weeks ago, while talking to call center, they said I would qualify for promo, and I proceeded to open account with them over phone.
They said I had to complete process by going to branch and show id.
I did this, and they stated the promo would be reflected into account in a few days.
A few days passed, and chat on line and in branch stated that they could not see rate yet.
I called in a few days later, and they said I do not qualify.
I told them the history, and they said that they would listen to chat when i opened the account.
After this process, they confirmed that the original representative, incorrectly advised i qualified, and opened my account.
They have forwarded this up the line, and it has been close to a week now, and I have not heard back from them. All i have for now is a reference number, and an empty new account, that i will not fund, unless I get further assurances.
What a headache.

Beware  

The exact same thing occured to me. Join the club !

Ref: https://www.highinterestsaving.....h/#p112614