Earn Interest on Available Cash
RBC Business Essentials® Savings Account
Designed to be the perfect complement for your everyday operating account, this savings account allows you to move money easily between any of your business accounts, all while earning interest1 on the funds you hold here.
No minimum monthly fee
This Account May Be Right for Your Business If:
You have unused funds at the end of the month and want to earn interest on your money
You have an everyday business operating account so you can easily move money between the two accounts
You want easy access to your cash for when you need to use it
Benefit From Tiered Interest Rates on Your Balances
Get interest on the balance held in your savings account, with interest rates getting higher the larger the balance that is held within.
Transfer Funds for Free
Move surplus funds into your savings account for no fee when you use Online Banking for business, the RBC Mobile App or via ATMs. It’s simple and can be completed at your convenience.
Two Free Cheques or Debits Per Month
Write a cheque, pay a bill or move money back to your chequing account—whenever you need to, up to twice per month for free
24/7 Access to Your Account: Manage your money anytime, anywhere through RBC Online Banking for business.
800+ Branches and Over 4200 ATMs: Enjoy easy access to your money through the largest combined network of ATMs and branches in Canada.
Access Funds at Any Time: Withdraw the cash you need, when you need it.
Monthly Fee: No minimum monthly feeView Full Pricing Chart
Monthly Fees & Volumes
|Transaction - Credit or Debits||Fee|
|Credits / Deposits
(beyond 999 per month)
|Items deposited||$1.00 each|
|Cash deposited||$10.00 per $1,000|
|Cheques / Debits
(beyond 2 free)
Deposit interest for this account is calculated on the applicable portion of the daily closing credit balance in each tier at the corresponding rate for the tier. Interest is credited monthly to your account as of the first business day following the end of the month. The tiered balance segments on which interest is paid for the Business Essentials Savings account are:
$0 to $9,999.99
$10,000 to $99,999.99
$100,000 to $249,999.99
$250,000 or more
Please call 1-800-769-2520 for current rates.
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