Investment guide

Should I save or invest?

Should you save cash or invest?

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.

The difference between saving and investing

Are you wondering about the best way to grow and protect your money?


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. 

Deciding which option is right for you

Outlined below are some things to think about to help you decide whether to save or invest.

Learn more about Royal Bank Invest

We've created Royal Bank Invest to make investing easy.

Already a Royal Bank Invest customer?

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. 

Anything else we can help you with?