Earn Interest on Available Cash
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
Up to 999 Credits
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
Earn interest from your first dollar at a rate that grows as your balance grows.
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 or RBC Mobile app.
800+ Branches and Over 4200 ATMs: Enjoy easy access to your money through the largest combined network of ATMs and branches in Canada.
Monthly Fee: No minimum monthly feeView Full Pricing Chart
RBC Business Essentials Savings Account
|Debits/Cheques||2 Free; $3.5 each thereafter|
|Credits / Deposits
(beyond 999 per month)
|Items deposited||$1.00 each|
|Cash deposited||$10.00 per $1,000|
All other transactions subject to standard pricing.
Earn Interest on Every DollarView Interest Rates
Business Essentials Savings Account
Deposit interest is calculated on the applicable portion of the daily closing credit balance in each tier at the corresponding rate for the tier.
|Balance Tiers||Interest Rate
|$2,000,000 and over|
|$250,000 to $1,999,999.99|
|$100,000 to $249,999.99|
|$10,000 to $99,999.99|
|$0 to $9,999.99|
- Interest is paid on the 2nd business day of each month backdated to the first day.
- The interest rate is an annual interest rate.
- The interest calculation is a simple interest calculation.
- Interest rates are subject to change at anytime without notice.