It can be difficult to decide whether you should save or invest. The right answer for you is all down to your own personal financial situation and goals.
Our guide can help you work out ways to start saving or take the first steps to start investing.
Savings have the advantage of being dependable, predictable and easy to access. If you know you'll need a set amount of money in the next 12 months, for example, then regularly depositing in a savings account may be the best solution. Savings will grow over time as more money is put away and interest accrues on your balance.
If you are saving for a longer-term goal, typically five years or more, investing your money has the potential to deliver a better return, and help protect your buying power from the effects of inflation. The value of investments can go down as well as up.
The value of investments can go down as well as up, your capital is at risk. Eligibility criteria, fees and charges apply.
We've created Royal Bank Invest to make investing easy.
If you've already invested online through Royal Bank Invest, you can track the progress of your investment as and when you want with your online investment account.
