Can I use a savings account for my business?

Yes. A business savings account can complement your everyday business operating account. At RBC you can easily move money between any of your RBC business accounts, all while earning interest 1 on the funds you hold in your business savings. 1) Interest rates are subject to change without notice

Can I invest from my business account?

Yes, you can use a business savings account to earn interest on your money while also enjoying easy access to your cash when you need it. You can also use Guaranteed Investment Certificates (GICs) to invest business funds for a specific term while earning competitive interest rates.

Find the Right Business Savings Account

Why Choose a Business Savings Account from RBC

You want to earn interest on your excess cash
You’re looking to grow your business and looking to earn interest on your excess cash while you save your funds for later use—like an expansion or to purchase new equipment
You want to separate your excess funds from your operating cash you need to run your business from the money you wish to set aside for the future
CDIC coverage up to $100K to protect your savings as well
Convenience to banking from wherever you are 7 days a week and 24 hours a day.

Business Essentials Savings Account

The perfect business savings companion to your day-to-day chequing account.

Pay no minimum monthly fee
Receive tiered interest rates on your balances
Move money between your business chequing and savings accounts easily

View Details about Low Monthly Fee Operating Account

Best for:

Small to mid-sized businesses who wish to save but want to keep funds accessible

This Account Pairs Best With:

GIC to invest with peace of mind

Visa^‡ Business Platinum Avion^® to separate your business expenses

Business Premium Investment Account

In this savings account, you’ll earn more interest as your balance grows.

Earn competitive interest rates on your surplus business savings
Enjoy immediate access to your money
Make unlimited deposits to your account, for free

View Details about Fixed Fee Operating Accounts

Best for:

Commercial-sized businesses with $100,000 and more to invest
Businesses prepared to invest for 30 days or longer, but still want quick, easy access to funds

This Account Pairs Best With:

GIC to invest with peace of mind

Visa^‡ Business Platinum Avion^® to separate your business expenses