Promotional Account Opening Requirements
PREFERRED LADDER MONEY MARKET ACCOUNTS.
90-Day Introductory Rate.1
First Year Annual Percentage Yield (APY)
For a limited time, business clients that currently do not have a personal Preferred Banking relationship and the new relationship is located in Tennessee, Florida, Georgia, Virginia, Washington D.C. or New York will receive a promotional interest rate of 1.00% for 90 calendar days when opening a Preferred Ladder Money Market account and maintaining $100,000 or more in that account.
Promotional rate available for accounts opened November 1, 2020 through April 30, 2021.
Deposit of $100,000
Preferred Checking Account
As a valued City National® client, your personal financial success is just as important to us as your business success.
Elevate Your Personal Financial Success with Preferred Banking and Earn More.
1. Offer available November 1, 2020 through April 30, 2021, and valid only for City National Business clients who do not currently have a Preferred Banking relationship and the new relationship is located in Tennessee, Florida, Georgia, Virginia, Washington D.C. or New York. Promotional introductory interest rate of 1.00% will be paid on balances of $100,000 or more in new money for 90 calendar days commencing within ten (10) business days of account opening followed by interest paid at City National Bank’s Preferred Ladder Money Market Account standard variable interest rate, which may change as often as daily. A City National Bank Preferred checking account must be open and in good standing in order to receive the promotional interest rate. Fees may reduce earnings.
Annual Percentage Yield (APY) is a blended first year estimate based on the 1% for 90 days and then standard rate for the remaining time.
The opening deposit must be new funds not currently held at City National Bank, City National Securities, Inc., Royal Bank of Canada or any of its subsidiaries, including, without limitation, RBC Wealth Management and RBC Bank (Georgia).
For complete account terms and conditions, refer to our Special Interest Rate Promotion Disclosure Available Only for Business Clients New Preferred Ladder Money Market Accounts, Account Agreement and Disclosures, Fee Schedule and Other Account Information: City National Preferred Banking Disclosure, as applicable.