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Personal Banking > Mortgages > View All Mortgages > RBC Energy Saver Mortgage

RBC Energy Saver™ Mortgage

You are on: Features and Benefits

With the RBC Energy Saver Mortgage, you can:

  • Receive a $300 rebate on a home energy audit (How to receive your rebate How to receive your rebate (opens new window))
  • Refinance your existing mortgage, purchase a home and/or make improvements to resale properties
  • Select either a residential mortgage or the RBC Homeline Plan®
  • Choose a fixed rate mortgage (3 years or greater) or a 5-year variable rate mortgage (closed terms)

What is a Home Energy Audit?

A home energy audit is a report generated by a licensed professional who is specially trained to examine your home's major heating and cooling systems. They will make recommendations to help you improve your home's energy efficiency and lower your energy costs.

Common recommendations include sealing cracks around doors and windows, improving insulation in your home and replacing old appliances with more energy efficient ones.

Your home energy audit provides a convenient "to-do" list. You'll know exactly what needs to be done to make your home more energy efficient, and you can decide what you want to do, when you want to do it and how much you want to spend.

For more details on home energy audits and environmentally-friendly financing solutions from RBC®, visit


Turn Your Energy Saving Efforts into Cash

Complete some of the home improvements suggested in your energy audit report within 18 months and you could qualify for an energy efficiency improvement grant from the federal and provincial governments. Learn more at Personal: Residential (opens new window).

You may also want to check with your municipal government to see if similar incentives and rebates are available in your community.

You are on: Payment Options

Select Your Payment Schedule

When you first set up your mortgage, you can choose from several payment options, including monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payments.


Choose Your Amortization Period

At RBC Royal Bank, you can select an amortization period between 5 and 30 years. This is the length of time it will take to pay off your mortgage if the interest rate does not change.


Pay Down Your Mortgage Faster

You can also reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by:


Enjoy Other Flexible Payment Options

If you ever need to free up cash for another purpose, you can also skip a mortgage payment once every 12 months:

You are on: Rates and Terms

Available Mortgage Rates and Terms

With the RBC Energy Saver Mortgage, you can choose a fixed rate mortgage (3 years or greater) or a 5-year variable rate mortgage (closed terms).

Fixed Rate(1) Closed Term Mortgage Rates:

Fixed Rate Closed Term Mortgage Rates
Term Posted Rate Special Offers(2) APR
4 Year 4.390% Call for details 4.420%
5 Year 4.640% Call for details 4.660%
7 Year 5.300% 3.440% 3.460%

Variable Rate(7) Closed Term Mortgage Rates:

Variable Rate Closed Term Mortgage Rates
Term Posted Rate APR
5 Year RBC Prime Rate
+ 0.000%

Today's Royal Bank of Canada Prime Rate:

Today's Royal Bank of Canada Prime Rate
RBC Prime Rate 2.700%

Learn More


1. Interest rates are annual rates and are compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.

2. Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at any time, without notice.

The annual percentage rate (APR) is based on a $250,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

7. Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate.

For mortgages approved on or before October 31, 2015 funds must be advanced within 120 days of date of application in order to qualify for the Special Offer rate. Offer may be changed, withdrawn or extended at any time, without notice.

Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Some conditions apply. Offer may be changed, withdrawn or extended at any time, without notice.


Start Your Online Mortgage Pre-Approval

Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC® mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.

Start Your Pre-Approval