PR Newswire · Press release
RBC Royal Bank announces change to prime rate
AI summary
Summary by Wenlo · not part of the original release
RBC Royal Bank announced it is increasing its prime rate by 25 basis points from 4.45 per cent to 4.70 per cent. The new rate becomes effective on October 29, 2026.
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Original release from PR Newswire
As distributed by PR Newswire, unedited.
TORONTO, Oct. 28, 2026 /CNW/ -- RBC Royal Bank is increasing its prime rate by 25 basis points from 4.45 per cent to 4.70 per cent, effective October 29, 2026.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 105,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.
For more information, please contact:
Andrew Block, Corporate Communications, RBC
SOURCE RBC Royal Bank
