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Small Business > Business Accounts > RBC Business Essentials Savings Account

RBC Business Essentials® Savings Account

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You are on: Features & Benefits

The RBC Business Essentials Savings Account is the perfect complement to your day-to-day operating account, allowing you to earn interest on surplus cash. You’ll also enjoy:

  • Free unlimited transfer-in credits from your other RBC account/s in the same name
  • 2 free cheques or debits (electronic or paper) per month
  • Convenient access to Canada's largest network of branches and ATMs
  • Service and support 24/7 from dedicated small business advisors
  • Access to RBC Royal Bank Online Banking and Telephone Banking
 

Open Your Business Account

For more information or to open your RBC Business account today:

 

You are on: Fees

Monthly Fees & Volumes

Credit or Debits

Transaction Fee
Credits / Deposits (other than a credit used to transfer funds from your other RBC business accounts in the same name) $1.00 each
Items deposited $1.00 each
Cash deposited $10.00 per $1,000
Cheques / Debits (beyond 2 free) $3.50 each

You are on: Interest Rates

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

The tiered balance segments on which interest is paid for the Business Essentials Savings account are:

  • $0 to $9,999.99
  • $10,000 to $99,999.99
  • $100,000 to $249,999.99
  • $250,000 or more

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