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Prepare for the unexpected with an emergency fund
Having an emergency fund means having one less thing to worry about when the unexpected happens. If you find yourself in a situation like a medical emergency, an out-of-the-blue home repair, or losing a job, you don't want to be worrying about how you're going to manage expenses or going into debt to cover costs. An emergency fund will let you focus on getting your life back to normal.
But how much should your emergency fund be?
Most financial experts suggest you have at least three months' salary in your emergency fund. How much is that for you?
Calculate 
Your emergency fund should be at least:
$
The RBC High Interest eSavings® account is the perfect place for your emergency fund. You'll be able to access your money immediately with instant online transfers between RBC® accounts. A high interest rate* with no monthly fee and no minimum balance make it an ideal account for your fund to grow in.
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*The interest rate is an annual interest rate. It is a simple interest calculation. Interest is calculated daily on the closing credit balance and paid monthly. Interest rate is subject to change any time without notice.