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Small Business > Business Accounts > AgriInvest Account

AgriInvest Account

You are on: Features & Benefits

The AgriInvest Account is a business deposit account designed specifically for Agricultural clients who are eligible(1) to participate in the AgriInvest program under Growing Forward, a Government of Canada initiative.

It provides farmers with flexible coverage for small income declines, as well as support for investments to mitigate risks or improve market income. With this interest-bearing, no-fee account(2), farmers deposit money and receive matching government contributions allowing them to save money as a contingency against income declines due to failing crops, poor economic conditions, and more.

The AgriInvest account offers these features and benefits:

  • No account service fees
  • Daily interest earnings on deposits
  • Full access to your funds
  • Access to RBC Royal Bank® Online Banking and Telephone Banking
  • CDIC coverage
  • No monthly package or maintenance fee

Note: In order to open this account, bring in your original, signed, Agriculture and Agri-Food Canada (AAFC)-issued AgriInvest Account Initiation Form.

1) Eligibility and allowable limit are determined by the provincial and federal governments. For more information, visit www.agr.gc.ca/agriinvest (opens external website in new window). In Quebec, AgriInvest is delivered provincially by La Financiére agricole. For more information, visit www.fadq.qc.ca (opens external website in new window).

2) Additional fees apply for services and transactions other than the ones listed.

 
Growing Forward 2 A federal-provincial-territorial initiative

For more information please visit the AgriInvest website.

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You are on: Interest Rates

The tiered balance segments on which interest is paid for the AgriInvest Account are:

  • $0 to $4,999.99
  • $5,000 to $9,999.99
  • $10,000 to $24,999.99
  • $25,000 to $99,999.99
  • $100,000 to $249,999.99
  • $250,000 and over

Deposit interest for this account is calculated on the applicable portion of the daily closing balance in each tier at the corresponding rate for that tier. Interest is credited monthly to your account as of the first business day following the end of the month.

Please call 1-800-769-2520 for current rates.