Open and Fund Your First RBC TFSA or RRSP Online and get 3.65% Bonus Interest¹ for 3 Months²

The Bonus Interest Rate of 3.65% within the RBC New Digital Registered Savings Welcome Offer (“Offer”) is available to residents of Canada who are of the age of majority in the province or territory in which they reside as of the date the RBC Registered Retirement Savings Account or RBC Tax-Free Savings Account (“Eligible Account”) is opened using the digital account opening process (RBC Online Banking or RBC Mobile App) and who were not the Primary Owner of an Eligible Account at any time in the last five years before the beginning of the Qualifying Period (as defined below), and who opens an Eligible Account (or Accounts) as the Primary Owner between April 7, 2026 and July 30, 2026 (the “Qualifying Period”). The Bonus Interest Rate on April 7, 2026 was 3.65% and is only applicable to the total sum of Eligible Savings Deposits held in the Eligible Account(s) for 89 days from the date the first Eligible Account was open, for a total of 90 days (the “Promotional Period”), up to a total maximum balance of $1,000,000. Any balances bringing the total over $1,000,000 will not earn Bonus Interest. All savings deposit balances held in Eligible Accounts will also earn interest at the Regular Interest Rate. At the end of the Promotional Period, all balances will earn interest at the Regular Interest Rate only. The Regular Interest Rate is subject to change without notice, and the most current rate is posted on our Registered Investments webpage, which may be viewed at https://www.rbcroyalbank.com/rates/rsp.html. Regular Interest Rate and Bonus Interest Rate are annualized rates, and (subject to certain exceptions) are calculated daily. The Regular Interest is paid at the end of June and December. Bonus Interest is paid within the first fifteen days after the month in which it was earned to a Personal Deposit Account in the Primary Owner’s name. Any Eligible Account that, prior to the payment of interest at the Bonus Interest Rate, is closed will forfeit any such interest calculated during the month in which the Eligible Account is closed. Offer and interest rates are subject to change without notice. Offer may be withdrawn at any time. Conditions apply. For other defined terms and complete terms and conditions that apply to this Offer, please visit https://rbcroyalbank.com/dms/investments/tao-offer/conditions/index.html

Total of 90 days: For the purpose of this Offer and any related marketing, any reference to a period of 3 months means a period of 90 calendar days regardless of how many calendar days may fall within any given calendar 3-month period.

All interest rates described are annual interest rates. They follow a simple interest calculation. Interest is calculated daily on the closing balance. Interest rates are subject to change at any time without notice.

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

Interest will be deposited into your “related personal deposit account.” This means the personal chequing or savings account where the Eligible Client is the primary owner of the account, and the account is active and in good standing.

Assets in a TFSA must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.

Provided you make Contributions in such amounts as are permitted under the Tax Act, excess contributions are taxable. It is your sole responsibility to ensure that the amount of Contributions is within the limits permitted under the Tax Act.

Your contribution room determines the maximum amount that you can contribute to your TFSA. You can find your most up-to-date contribution room through CRA online services such as My Account and the MyCRA mobile app.

While you can take money out of a TFSA for any reason, your timing does depend on the investments you hold in it. For example, non-redeemable GICs must be held until maturity.

Assets in an RRSP must be Qualified Investments under the Income Tax Act. If the RRSP holds non-Qualified Investments, it could be subject to tax.

Your contribution room determines the maximum amount that you can contribute to your RRSP. You can find your most up-to-date contribution room through CRA online services such as My Account and the MyCRA mobile app.

Under the Lifelong Learning Plan, you can withdraw up to $10,000 per calendar year for your own or your spouse's full–time training or post–secondary education. The total amount that can be withdrawn is $20,000 each with withdrawals over a maximum of four consecutive years. At least 10% of the amount borrowed must be repaid each year, over a maximum period of 10 years.

You can withdraw up to $60,000 from your RRSP to buy your first home under the Home Buyer’ Plan. To be eligible, you must be a Canadian resident and considered a first-time homebuyer. The funds must have been on deposit at least 90 days before you withdrew them, and a signed written agreement to buy or build a qualifying home is required. Funds withdrawn under the HBP must be repaid to their RRSP over a 15-year period. At least 1/15 of your withdrawal must be repaid to the RRSP each year. The repayment period begins as of the second year after the first withdrawal was made under the Home Buyers Plan (HBP). For withdrawals between January 1, 2022 and December 31, 2026, the repayment period begins as of the fifth year after the withdrawal was made. For details see Canada Revenue Agency Home Buyers’ Plan.