Get a Savings Account Recommendation
Type of Currency
Number of Monthly ATM/Cash Withdrawalslegal bug 1
Average Monthly Balance
Number of Accounts That Match Criteria
4
| Account Details |
High Interest |
Enhanced Savings |
Day to Day |
U.S. Savings |
|---|---|---|---|---|
| Overview | An online savings account offering high interestlegal bug 1 on every dollar | Tiered interestlegal bug 1 rates begin at balances of $5,000 or more | Tiered interestlegal bug 1 on every dollar saved | High interestlegal bug 1 on every U.S. dollar saved |
| Currency | Canadian | Canadian | Canadian | U.S. |
| Interest Ratelegal bug 1 | 0.550% | Tiered | Tiered | 0.250% |
| NOMI Find & Save | Accelerate your savings by turning on NOMI Find & Save in the RBC Mobile App | |||
| Monthly Debits Includedlegal bug 2 | 1 withdrawal from RBC Royal Bank ATM | 1 | 1 | 1 |
| Monthly Fee | Free | Free | Free | Free |
| Debits Exceeding Monthly Limits | $5.00 each | $2.00 each | $2.00 each | $3.00 eachlegal bug 5 |
| Account transfers | Free transfers between any RBC Royal Bank personal deposit accounts in your name | |||
| Interac e-Transfer Transactionslegal bug 8 | $1.00 eachlegal bug 9 | $1.00 eachlegal bug 9 | $1.00 eachlegal bug 9 | Not Available |
| Interac Access Fee at a Non-RBC Royal Bank ATM in Canadalegal bug 6 | $2.00 each | $2.00 each | $2.00 each | Not Available |
| PLUS System Access Fee at a Non-RBC Royal Bank ATM Within Canada and U.S.legal bug 6 | $3.00 each | $3.00 each | $3.00 each | Not Available |
| Plus System Access Fee at a Non-RBC Royal Bank ATM Outside Canada and U.S.legal bug 6 | $5.00 each | $5.00 each | $5.00 each | Not Available |
| Cross-Border Debitlegal bug 2, legal bug 3, legal bug 4 | $1.00 each | $1.00 each | $1.00 each | Not Available |
| RBC International Money Transfer | Not Available | No fee7 | No fee7 | Not Available |
| Online & Mobile Banking | Free | Free | Free | Free |
| Telephone Banking | Free | Free | Free | Free |
| eStatement and eNotifications including Cheque Images Viewed Online Less Than 90 Days Old | Free | Free | Free | Free |
| Monthly Paper Statement without cheque image | Not Available | $3.00 | $3.00 | Not Available |
| Cheque Images Returned With Paper Statement | Not Available | $3.50 per monthly cycle | $3.50 per monthly cycle | Not Available |
| Open Account for RBC High Interest eSavings | Book an appointment for Enhanced Savings | Open Account for Day to Day Savings | Open Account for U.S. High Interest eSavings | |
| Learn More about High Interest account | Learn More about Enhanced Savings account | Learn More about Day to Day account | Learn More about U.S. Savings account | |
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)
All Debit Transactions, including bill payments, count towards the number of included Debit Transactions per Month and will result in an Excess Debit Transaction Fee if you go over the number of included Debit Transactions per Month, unless there is a specific exclusion as set out below. For all Banking and Savings Accounts, the following Debit Transactions will not count toward the number of included Debit Transactions per Month: RBC Virtual Visa Debits; Self-Serve electronic funds transfers from your personal deposit account to another personal deposit account in your name; pre-authorized or self-service transfers made to any RBC credit card; payments to your RBC Royal Bank personal loan, Royal Credit Line®, RBC residential mortgage or RBC Homeline Plan®; contributions made to RBC investments/ investment accounts such as Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), Registered Education Savings Plans (RESPs), Registered Disability Savings Plans (RDSPs), Tax-Free Savings Accounts (TFSAs), and Royal Mutual Funds.
For Banking Accounts only, Third Party Payments will not count toward the number of included Debit Transactions per Month.
For RBC Day to Day Banking Accounts only, Point of Sale Purchases made at public transit authority merchants classified by Interac’s “Merchant Category Code” (MCC) as “Local and Suburban Commuter Passenger Transportation, including ferries” will not count towards the number of included Debit Transactions per Month. Debits, including those Point-of-Sale Purchases, for which the merchant may offer public transit services but is not categorized under Interac’s “Local and Suburban Commuter Passenger Transportation, including ferries” MCC, will count towards the number of included Debit Transactions and will result in an Excess Debit Transaction Fee if you go over the number of included debits per Month.
For RBC High Interest eSavings Accounts, one cash withdrawal from an RBC ATM per month will not result in an Excess Debit Transaction Fee.
For Banking Accounts only, Third Party Payments will not count toward the number of included Debit Transactions per Month.
For RBC Day to Day Banking Accounts only, Point of Sale Purchases made at public transit authority merchants classified by Interac’s “Merchant Category Code” (MCC) as “Local and Suburban Commuter Passenger Transportation, including ferries” will not count towards the number of included Debit Transactions per Month. Debits, including those Point-of-Sale Purchases, for which the merchant may offer public transit services but is not categorized under Interac’s “Local and Suburban Commuter Passenger Transportation, including ferries” MCC, will count towards the number of included Debit Transactions and will result in an Excess Debit Transaction Fee if you go over the number of included debits per Month.
For RBC High Interest eSavings Accounts, one cash withdrawal from an RBC ATM per month will not result in an Excess Debit Transaction Fee.
Legal Bug 3)
On operating account only. $1 per cross border debit transaction on companion accounts. Not available on U.S. Personal Account.
Legal Bug 4)
In addition to the Interac Debit Cross Border fee, the purchase amount will be subject to foreign exchange rates. Transactions are converted to Canadian dollars at an exchange rate of 2.5% over the Interbank Spot Rate as defined by Interac Corp.
Legal Bug 5)
Exception: Cheques are not permitted.
Legal Bug 6)
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.
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.
Legal Bug 7)
Additional service fees by any intermediary and receiving bank may apply.
Legal Bug 8)
Interac e-Transfer Transactions expire 30 days after they are sent. You have 15 days to cancel without charge. A $5.00 Interac e-Transfer Transaction reclaim fee is charged when a recipient does not accept before expiry and the sender does not cancel within 15 days.
Legal Bug 9)
For all Canadian dollar Savings Accounts, Interac e-Transfer transactions are $1 each, count as a Debit Transaction, and carry an Excess Debit Transaction Fee, if applicable.