Take Comfort with Safe Haven Savings

Some things may feel uncertain right now, but knowing what to do with your money doesn’t have to be one of them. That’s why we’re offering Safe Haven Savings—which gives you the flexibility of a savings account, the security of a Guaranteed Investment Certificate (GIC), or both to help you navigate today’s market with confidence.

To get the best of both worlds, consider your priorities:

  • How much cash you may need to cover your immediate expenses
  • The amount of money you're comfortable setting aside as you wait for the markets to stabilize
  • How important interest rates and readiness for market opportunities are to you

Two Savings Offers with No Surprises

Take advantage of one or both offers below for the mix of security, growth and flexibility you’re looking for.

RBC High Interest eSavings

2.25% Interest for 3 Months1

and 1% for 3 months thereafter

Get a 2.25% interest rate for the first 3 months and 1% for 3 months thereafter when you open your first RBC High Interest eSavings Account.1 With free electronic self-service transfers, it’s easy to access your cash.

  • Pay no monthly fee, ever
  • Maintain any balance—there’s no minimum
  • Earn interest daily4 (it’s paid out monthly)
  • Access your money easily—transfer instantly and for free online, by phone (self-serve) or at the ATM to other RBC personal account(s) in your name5
  • Get 1 free RBC ATM cash withdrawal per month
  • Eligible for CDIC coverage

One-Year Cashable GIC

1.25% Interest for 12 Months2

Guaranteed

Get a guaranteed interest rate of 1.25% on your investment for 12 months.2 All you need to do is deposit at least $1,000.

  • Know that your initial deposit (principal) is fully protected
  • Cash in all or a portion of your investment at any time, penalty-free after 30 days3
  • Receive interest monthly, semi-annually, at maturity or at redemption (if held 30+ days)
  • Hold this GIC in a non-registered account—not eligible for registered plans (e.g. TFSA, RRSP)
  • Eligible for CDIC coverage

Rates are subject to change at any time without notice
Offers expire July 31, 2020

Tell Us Your Priorities to See the Possibilities

See how this savings account, GIC or a combination of the two could help meet your needs.

Offer FAQs

We know that many Canadians today are feeling financial uncertainty. Safe Haven Savings is just one of the things we’ve been working on to help you through this challenging time. Here’s how it can help:

  • You will have the opportunity to grow your money while keeping it safe from current economic volatility. While being able to see past market turmoil is key to any long-term savings strategy, keeping your money secure is also important.
  • You’ll earn a competitive return on your money—despite historically low interest rates—while you wait for markets to stabilize.
  • You’ll have cash on hand (and/or an investment that can easily be converted to cash) if you need to access your savings quickly over the next several months. Having easy access to your money also means that you can act swiftly if you want to invest it when you're ready.

If you decide to hold funds in both an RBC High Interest eSavings Account and a Guaranteed Investment Certificate (GIC), you’ll be able to strategically distribute your money based on your own unique needs for steady growth, security and flexibility.

This RBC New eSavings Client Interest Rate Offer is only available to individuals who were never the Primary Owner of an RBC High Interest eSavings Account at any time before April 24, 2020, and who open an RBC High Interest eSavings Account by July 31, 2020.

However, you can still take advantage of the promotional One-Year Cashable GIC offer, even if you already have an existing RBC High Interest eSavings Account or GIC.You can buy as many of the One-Year Cashable GICs as you want; however, please note that you will receive the applicable interest rate (whether special or standard) that is in effect as of your date of purchase for each GIC. GICs purchased on different dates may be subject to different interest rates (including during the Promotional Period in the event that rates change within this period).

Yes. You will qualify for the Promotional Interest Rate so long as you open your first RBC High Interest eSavings Account as the Primary Owner between April 24, 2020 and July 31, 2020, and provided you have never been the Primary Owner of an RBC High Interest eSavings Account before April 24, 2020, and meet all other eligibility criteria.

Any existing account that is switched to an RBC High Interest eSavings Account will not qualify for the RBC New eSavings Client Interest Rate Offer.

Joint ownership accounts will qualify for the Promotional Interest Rate so long as the Primary Owner has never owned an RBC High Interest eSavings Account prior to April 24, 2020 and the new account is opened between April 24, 2020 and July 31, 2020. 

To open a joint RBC High Interest eSavings Account:

  • Complete the joint application online:
    • If both the Primary and Secondary account holders are existing RBC clients, they can complete their entire application process online.
    • If one or both applicants are new to RBC, they can complete the majority of their application online, but may also need to visit a branch to finalize the application. (Please present a valid government-issued ID.)

At the end of the six-month Promotional Period, your RBC High Interest eSavings Account balance will earn interest at the Regular Interest Rate posted and in effect at that time.

Yes! You can buy as many One-Year Cashable GICs as you want within the Promotional Period; however, please note that you will receive the applicable interest rate (whether special or standard) that is in effect as of your date of purchase for each GIC. GICs purchased on different dates may be subject to different interest rates (including during the Promotional Period in the event that rates change within this period).

Your Money Can Be Safe and Grow.

Get the security, growth and flexibility you need today:

RBC High Interest eSavings Account
Enjoy a 2.25% interest rate for the first 3 months and 1% for 3 months thereafter when you open your first account.1

One-Year Cashable GIC
Enjoy a guaranteed interest rate of 1.25% on your investment for 12 months.2
 

RBC Clients:
Book an Appointment
(Sign into RBC Online Banking)
Non-RBC Clients:
Call 1-800-463-3863

Thank you for your patience as we manage high call volumes during this time—we are working hard to assist you!