Skip Header Navigation

Skip Breadcrumb Links  
Personal Banking > Investments > Accounts and Products > Savings Deposit

Savings Deposit

Savings Deposit

An Easy Way to Start Investing

RBC Savings Deposit offers easy access to your funds and guaranteed principal and interest.

An RBC Savings Deposit is a simple way for you to start saving in your investment account. It is particularly ideal if you’re not ready to make a long-term investment decision.

Simply direct your money into an RBC Savings Deposit; interest(1) is calculated daily, paid semi-annually and the rate increases as the balance in your Savings Deposit increases.

The Savings Deposit option is available for TFSAs, RRSPs, RRIFs, RESPs and RDSPs – particularly if you need to make a last-minute contribution.


Key Benefits:

  • Security and safety
  • Interest calculated daily and paid semi–annually. View interest rates (opens new window)
  • Easy and convenient access to your money
  • Switch your Savings Deposit balance to GICs or mutual funds at anytime

Talk to an Advisor

An RBC advisor can work with you to develop an investment plan specifically tailored to your goals.

Your Postal Code 

1) Interest rates subject to change without notice.


Start Investing Today


It's never too early or too late to start investing

Find out why