Key Features

  • Tiered interest rates begin at $5,0001
    Interest rates increase significantly as your balance grows.
  • Free access to RBC Online, Mobile, and Telephone Banking3
  • Free electronic self-service transfers 24/7 with no delay2
    Including ATM and unassisted telephone fund transfers, from this account to any other RBC Royal Bank personal deposit account in your name.
  • Ability to set up Save Matic from your banking account to your savings account.

More Great Features

Details Fees
Monthly Fee Free
Currency Canadian
Monthly Debits included4 1 per monthly cycle
Free Transfers Electronic self-serve transfer to any RBC Royal Bank personal deposit account in your name
Debits Exceeding Monthly Limit $2.00 each
Interac and PLUS System ATM Network Access Fees5
  • Interac: $1.50
  • PLUS System: $3.00 (Within Canada and U.S.)
  • PLUS System: $5.00 (Outside Canada and U.S.)
Interac e-transfer $1.00 each
Cross-Border Debit4, 6, 7 $1.00 each
eStatement and eNotifications Free — including cheque images viewed online less than 90 days old
Access to Online, Mobile, and Telephone Banking3 Free
Access to myFinance Tracker Free

Ways to Bank

Manage Your Account Online, Anytime

Check your balances, pay bills, set up alerts, send money and more – whenever you need to.

Bank Anywhere

Take care of your banking from wherever you are, anytime you want.

Take It All to a New Level

Make payments with a tap of your smartphone and securely store your cards on your device.

Ways to Apply

  • Apply Online
  • Call 1-800-769-2561
  • Visit Us
  • Book an Appointment

I'm Already a Customer

The easiest way to commit to a regular savings plan is to arrange for pre-authorized transfers from your banking account to your designated savings account. Simply specify the amount and how often you want the transfers to take place — for example, once a week, every two weeks or once a month. You may even want to schedule these to occur just after your paycheque is direct-deposited into your chequing account.

  • Step 1: In your Online Banking, under Quick Payments and Transfers, click on Pay Bills and Transfer Funds.
  • Step 2: On the left hand menu, click on Set Up Save-Matic.
  • Step 3: Enter the Amount you want to save, choose your From and To accounts, When to start, and select how often from the Receive Frequency options, then click on Submit.
  • Step 4. Review your information and click on Confirm

You can deposit cheques through the RBC Mobile app (Android and iPhone devices) or the RBC Canada app (iPad devices). Download the latest version of the apps from the relevant app store, select "Deposit Cheque" in the main menu and follow the on-screen prompts.

Learn More about Mobile Cheque Deposit

With Interac e-Transfers you can send funds to clients of other financial institutions as well as RBC, and you don't need to know the account number of the person you're sending money to. All you need is their email address or mobile phone number.

You can send an Interac e-Transfer from Online Banking, or Mobile Banking. Here’s how:

To send an Interac e-Transfer from Online Banking:

  • From the Accounts Summary page, select "More Payment Options" on the right side of the page.
  • Enter the payment amount of the transfer.
  • Select the account you want the funds to be debited from.
  • Open the “To” drop down list, select the Interac e-Transfer payee and Submit.

To send an Interac e-Transfer from Mobile Banking:

Select the Interac e-Transfers icon from the main page.

  • Choose the account you would like to pay from.
  • Select the recipient you wish to send funds to. If sending to a new recipient, select the + sign in the bottom left hand corner of the page.
  • Follow the steps

Go to our Exchange Currency Converter to get the latest foreign exchange rates.

Better Banking Gives You More

Need help choosing a U.S. account?

Based on your needs, we’ll recommend a U.S. Savings Account and Credit Card that will save you money while in the U.S.

Security Guarantee

Get 100% reimbursed for unauthorized transactions.8

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 at any time without notice.
Fees may apply on the account from which the money has been transferred.
Transaction fees may apply for bill payments or funds transfers made through Online Banking and are separate from access fees.
Totals are not cumulative, and if not used, may not be carried over into the next monthly cycle or calendar year. Excess debit transaction fee may also apply depending on the account.
ATM - RBC ATM Access fees waived
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold.

ATM use outside Canada
Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol, and any fees that may be imposed by any third party for using the ATM, are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

ATM - Unlimited banking transactions including Interac and PLUS System network fees waived
ATM operator surcharge (also called a convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee and is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold. Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol, and any fees that may be imposed by any third party for using the ATM, are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

ATMs - 3 withdrawals from other bank ATMs refunded per Monthly Cycle
ATM operator surcharge (also called a convenience fee) may apply. It is charged by a third party and added directly to the amount of your cash withdrawal. Totals are not cumulative, and if not used, may not be carried over into the next Monthly Cycle.
On operating account only.
Foreign currency purchases paid by withdrawal from your Canadian dollar account are converted to Canadian dollars at an exchange rate 2.5% over the Interbank Spot Rate (as defined by Acxsys Corp.), effective at time of processing. Since exchange rates fluctuate, the rate applied will usually differ from the posted exchange rate at the time of your purchase.
For a definition of an unauthorized transaction and for full details regarding the protections and limitations of the RBC Online Banking Security Guarantee, please see your Electronic Access Agreement. This guarantee is given by Royal Bank of Canada in connection with its Online Banking service.

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