TORONTO — Canada’s largest, most profitable bank announced today customers can now open a high interest savings account solely reserved for paying the bank’s lavish charges and fees.
“RBC wants Canadians to save for the future for the inevitable banking fees they will face,” explained RBC CEO David McKay. “Customers will be happy to know there’s a place where they can squeeze every penny before those pennies are subsequently squeezed out of them.”
The new high interest saving-for-fees savings account offers a 1.4% interest rate so long as customers have a minimum balance of $5,000 and are willing to take $200 penalty every time they withdraw to pay for other RBC fees.
This announcement comes at a time when RBC will begin to charge customers fees for the following:
• General Bank Admission Fee – $5 per visit
• Standing in Bank Line Fee – $2.50
• Bank’s Oxygen Use Overdraft – $20
• Depositing/Withdrawing on even numbered days – $12.00
• Depositing/Withdrawing on odd numbered days – $12.00
• Customer Help Phone Line – $1.99/minute, $3.00 after ten minutes, long distance charges will apply
• Bank Teller Smile Charge – $3.00 per smile
At press time, thousands of customers vowed to leave the bank before deciding that it was just too complicated.
