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 & Save3 in the RBC Mobile app4
  • 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

  • Currency: Canadian
  • Interest Rate1: 1.200%
  • Free Debits2: 1 withdrawal from RBC Royal Bank ATM / Month

Automatic Savings

NOMI
Find & Save

Monthly Fee: Free

  • Currency: Canadian
  • Interest Rate1: 0.5 %
  • Free transfers to and from your source chequing account

Everyday Savings

RBC Day to Day Savings

Monthly Fee: Free

  • Currency: Canadian
  • Interest Rate1: Tiered
  • Free Debits2: 1 per monthly cycle

USD Savings

RBC U.S. High Interest eSavings

Monthly Fee: Free

  • Currency: U.S.
  • Interest Rate1: 0.250%
  • Free Debits2: 1 per monthly cycle

Ways to Apply

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

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.

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
  • 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

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.

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

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