The Investia experience

Interest rate – Nominee cash account

For cash balances held in Investia nominee accounts, the interest rate payable on the cash balance (excluding money available for transaction settlement) is the Royal Bank of Canada’s preferred interest rate less 4%. When the preferred interest rate is higher than 4%, clients with a nominee cash account balance will be entitled to earn an interest payment on the balance for the applicable month. The interest payment will be credited to the client’s nominee cash account.

Daily rates may be found on the Royal Bank of Canada website, available from the following link:
rbcroyalbank.com/rates/primeopen_in_new

Effective October 1, 2023, Investia will no longer be paying interest on any balance held in clients’ nominee cash control accounts. If you are a client who holds cash in a nominee cash control account, please contact your Representative to discuss available investment options that would be suitable for your needs.