Start Saving or Earn Higher Interest with the Right Savings Account

Why You'll Love Our Savings Accounts:

Make electronic transfers to your other RBC Royal Bank accounts – for free, 24/7
Competitive interest rates
No monthly fees or minimum balance required
Saving made easy when you turn on NOMI Find & Save^{legal bug 3} in the RBC Mobile app^{legal bug 4}
Access to MyAdvisor – a new digital service from RBC that can help capture all of your savings and investments in one place

Our Savings Accounts

High Interest Savings

RBC High Interest eSavings

Monthly Fee: Free

Get 5% interest(opens new window)^{legal bug 5} on your savings when you open your first RBC High Interest eSavings account.
Currency: Canadian
Regular Interest Rate^{legal bug 1}: %
Free Debits^{legal bug 2}: 1 withdrawal from RBC Royal Bank ATM / Month

Learn More about RBC High Interest eSavings account

Sign Me Up RBC High Interest eSavings

Automatic Savings

NOMI Find & Save

Monthly Fee: Free

Currency: Canadian
Interest Rate^{legal bug 1}: 0.60%
Free transfers to and from your source chequing account

Learn More about NOMI Find & Save

Get Started with NOMI Find & Save

Everyday Savings

RBC Day to Day Savings

Monthly Fee: Free

Currency: Canadian
Interest Rate^{legal bug 1}: Tiered
Free Debits^{legal bug 2}: 1 per monthly cycle

Learn More about RBC Day to Day Savings account

Sign Me Up for RBC Day to Day Savings

USD Savings

RBC U.S. High Interest eSavings

Monthly Fee: Free

Currency: U.S.
Interest Rate^{legal bug 1}: %
Free Debits^{legal bug 2}: 1 per monthly cycle

Learn More about RBC U.S. High Interest eSavings account

Sign Me Up for RBC U.S. High Interest eSavings

Get a Savings Account Recommendation

Ways to Apply

Apply Online
Call 1-800-769-2561 (Lines Open 24/7)
Call 1-800-769-2561 (Lines Open 24/7)
Visit Us

NOMI Insights

NOMI helps you manage your everyday finances by providing you with timely and personalized trends and overviews based on your spending and saving habits.

Tell Me More about NOMI Insights

Give Your Savings Plan a Helping Hand

Sometimes the hardest thing about saving is getting started. The Savings Spot gives you the advice and tools to plan, assess and achieve your goals.

Tell Me More about Savings Spot

Kickstart Your Savings

Set up "memorized" online transfers using RBC Save-matic to put automated payments into your savings account.

Tell Me More about Pre-authorized Savings Plan

Ways to Bank

Manage Your Chequing Account Online, Anytime

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

Learn More about online banking

Bank Anywhere

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

Learn More about mobile banking

I'm Already a Customer

How do I set up Save-Matic?

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.

How do I turn on NOMI Find & Save?

Sign in to the RBC Mobile app,
Tap ‘More’
Tap ‘NOMI Find & Save’ and turn it on.

After you turn on NOMI Find & Save, we will get to know your spending & saving habits in your source chequing account to find opportunities to save for you.

Learn More about NOMI Find & Save about NOMI Find & Save

Do you offer Mobile Cheque Deposit?

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

How do I send an Interac e-Transfer?

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

What are the Foreign Exchange rates?

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

Interac e-Transfer is a registered trade-mark of Interac Inc. Used under license.

Legal Bug 1)

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.

Legal Bug 2)

Debit Transactions in Savings Accounts: RBC Virtual Visa Debits, RBC Royal Bank loan payments, RBC Royal Bank mortgage payments, pre-authorized or self-serve RBC Royal Bank credit card payments, contributions to RBC investment accounts (such as GICs, Royal Mutual Funds, Registered Savings Plans, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts) and electronic self-serve fund transfers from your savings Account to any Account in your name are free of charge. All other Debit Transactions from any Savings Account, are counted as Debit Transactions in the Account and give rise to an Excess Debit Transaction Fee, if any free monthly Debit Transaction is exceeded. 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.

Legal Bug 3)

NOMI Find & Save is available to RBC clients who are the sole-owner of a Canadian personal chequing account with more than three months of activity.

Legal Bug 4)

RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

Legal Bug 5)

The Bonus Interest Rate of 3.5% within the RBC New eSavings Client Bonus Interest Rate Offer (“Offer”) is available to Eligible Clients who were not the Primary Owner of an RBC High Interest eSavings Account at any time before the beginning of the Qualifying Period (as defined below), and who open a new RBC High Interest eSavings account (“Eligible eSavings Account”) as the Primary Owner between April 27, 2023 and 3:00 PM EST on July 31, 2023 (the “Qualifying Period”). (Note: For added clarity, you will not qualify for this Offer by switching from another account type to an Eligible eSavings Account.) The Bonus Interest Rate on April 27, 2023 was 3.5% and is only applicable to deposits made in the Eligible eSavings Account for 3 months (90 days) from the date the Eligible eSavings Account was opened (the “Promotional Period”) and up to a maximum of $1,000,000 of the Eligible eSavings Account’s total balance. Any balances over $1,000,000 will be paid the Regular Interest Rate. The Regular Interest Rate is subject to change without notice, and the most current rate is posted on our Personal Accounts Interest Rates webpage, which may be viewed at https://www.rbcroyalbank.com/rates/persacct.html(opens new window). At the end of the Promotional Period, all balances will earn interest at the Regular Interest Rate only. Regular Interest Rate and Bonus Interest Rate are annualized rates, and (subject to certain exceptions) are calculated daily and paid monthly. Offer and interest rates are subject to change without notice. Offer may be withdrawn at any time. Conditions apply. For other defined terms and complete terms and conditions that apply to this Offer, please visit www.rbc.com/aprilhisa23.

Savings Accounts

Whether You Are Just Starting to Save or Want to Earn Higher Interest, Achieving Your Savings Goals is Easy with the Right Account.

Why You'll Love Our Savings Accounts:

Our Savings Accounts

RBC High Interest eSavings

NOMI Find & Save

RBC Day to Day Savings

RBC U.S. High Interest eSavings

Ways to Apply

Ways to Bank

Find a Branch or ATM Near You