2025 RBC New Digital Registered Savings Welcome Offer - Terms and Conditions

Deﬁnitions:

“Bonus Interest Rate” means an additional amount of interest applicable to Eligible Savings Deposits held in an Eligible Account starting on the Initial Offer Qualiﬁcation Date and continuing during the Promotional Period for which you may qualify by meeting relevant Qualifying Criteria. If you meet the Qualifying Criteria, you will receive the Bonus Interest Rate described herein for the ﬁrst 89 days following your Initial Offer Qualiﬁcation Date (i.e., a total of 90 days), in addition to the Regular Interest Rate. At the start of the Qualifying Period (i.e., on April 22, 2025), the annual Bonus Interest Rate was 2.25%;

“Eligible Account” means the first RBC TFSA or the first RBC RRSP opened by an Eligible Client through the digital account opening process (through RBC Online Banking or the RBC Mobile App) during the Qualifying Period Please note accounts opened through other channels (that are not digital account open) do not qualify for this offer;

“Eligible Client” means a client who:

a. Is a resident of Canada and of the age of majority in the province or territory in which they reside as of the date they open an Eligible Account. Residence is determined by the jurisdiction (province or territory) where a client has their primary tax filing obligation based on their regular place of residence; and
b. Has not been the owner of an RBC TFSA or an RBC RRSP at any time in the last five years before the beginning of the Qualifying Period;

“Eligible Savings Deposit” means savings deposits made in Canadian Dollars held in an Eligible Account (s);

“Initial Offer Qualiﬁcation Date” means the date that an Eligible Client ﬁrst completes the Qualifying Criteria on any day during Qualifying Period (between April 22, 2025 and July 14, 2025 inclusive);

“Promotional Interest Rate” is a sum total of the Bonus Interest Rate plus the Regular Interest Rate. For example, if on April 22, 2025, the Regular Interest Rate was 0.45% per annum and the Bonus Interest Rate was 2.25% per annum, the Promotional Interest Rate would be 2.70% per annum;

Note: The Regular Interest Rate and Bonus Interest Rate are each subject to change without notice. The most current Regular Interest Rate is posted on our Registered Investments webpage, which may be viewed at https://www.rbcroyalbank.com/rates/rsp.html. You may always view the current Terms including the Bonus Interest Rate by visiting https://www.rbcroyalbank.com/dms/investments/tao-offer/conditions/index.html

“Promotional Period” means the period starting on the Initial Offer Qualiﬁcation Date, and ending 89 days thereafter (i.e., a total of 90 days);

“Qualifying Criteria” means the conditions set out in Section B below;

“Qualifying Period” means the period starting on April 22, 2025 and ending at 5PM Eastern Time on July 14, 2025;

“RBC New Digital Registered Savings Welcome Offer” means the promotional rate offer we make in respect of a savings deposit held in an Eligible Account or Accounts, as described in these Terms;

“RBC TFSA” means the RBC Tax-Free Savings Account;

“RBC RRSP” means the Registered Retirement Savings Account;

“Regular Interest Rate” is subject to the prime rate and means the interest rate ordinarily applicable to Savings Deposits held within an RBC TFSA or an RBC RRSP. 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;

“Related RBC Personal Deposit Account” means any of the following accounts: RBC Day to Day Banking, RBC No Limit Banking, RBC Signature No Limit Banking, RBC VIP Banking; RBC Advantage Banking; RBC Day to Day Savings, RBC Enhanced Savings and/or RBC High Interest eSavings accounts owned by you as primary or co-owner. The account should be active and in good standing. For Eligible Clients with multiple Related RBC Personal Deposit Accounts, the Bonus Interest will be deposited in the following priority; accounts on which you are the Primary Account Holder will be prioritized over accounts on which you are co-owner and the oldest Related RBC Personal Deposit Account will be prioritized if you are primary or co-owner on multiple accounts. Primary Account Owner means the person we designate based on your instructions to be the main account owner. When it is a joint ownership account, it is the first person listed as an owner, per our records.

“Terms” mean these terms and conditions that govern this RBC New Digital Registered Savings Welcome Offer;

“we”, “us”, “our”, “RBC” and “RBC Royal Bank” mean Royal Bank of Canada, excluding its subsidiaries.

“you” and “your” mean the Eligible Client;

A. Offer

1. Provided you fulﬁll the applicable Qualifying Criteria and meet all other conditions of these Terms, in addition to the Regular Interest Rate applicable to your Eligible Account, you will also earn interest at the Bonus Interest Rate applicable during the Promotional Period on balances up to $1,000,000 in Eligible Savings Deposits held in your Eligible Account (s).

B. Qualifying Criteria

1. To qualify for the Bonus Interest Rate under these Terms, you must:
- a. Be an Eligible Client;
- b. Have a Related RBC Personal Deposit Account; and
- c. Open an Eligible Account using the digital account open process through RBC Online Banking or the RBC Mobile App during the Qualifying Period.

C. Additional Conditions (including Interest Calculations and Payments)

1. Interest at the Regular Interest Rate will be calculated on the daily closing balance in the Eligible Account and added to the principal at the end of June and December.
2. Interest at the Bonus Interest Rate will be calculated on the total sum of daily closing savings deposit balances across Eligible Accounts, up to sum maximum of $1,000,000, and paid monthly during the Promotional Period into the Related RBC Personal Deposit Account.
3. Bonus interest will be calculated and paid within the first fifteen business days after the month in which it was calculated to the Related RBC Personal Deposit Account, provided you meet the Qualifying Criteria.
4. The maximum balance eligible for the Bonus Interest Rate is $1,000,000. Across Eligible Accounts, the sum total of savings deposit closing balances greater than $1,000,000 will not earn Bonus Interest during the Promotional Period.
5. The Bonus Interest Rate and/or the Regular Interest Rate may change at any time without prior notice. The most current Regular Interest Rate is posted on our Registered Investments webpage, which may be viewed at https://www.rbcroyalbank.com/rates/rsp.html. You may always view the current Terms including the Bonus Interest Rate by visiting https://www.rbcroyalbank.com/dms/investments/tao-offer/conditions/index.html
6. At the end of the Promotional Period, all savings deposit balances will earn interest only at the Regular Interest Rate.
7. 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.

D. Limitations

1. This RBC New Digital Registered Savings Welcome Offer is available across all Eligible Accounts for an Eligible Client. The Promotional Period is determined by the first Eligible Account opened by you during the Qualifying Period.
2. The Offer cannot be combined with other promotional offers applicable to Eligible Accounts. Where an Eligible Client qualiﬁes for more than one offer for an Eligible Account, this Offer will be applied to the Eligible Client’s Eligible Account ﬁrst, to the exclusion of any other offer.
3. It is your responsibility to ensure that you do not exceed your contribution limits in your Eligible Account. Contributions in excess of your personal contribution room may be subject to a tax penalty. You acknowledge and agree that we will not be held liable for any penalties, direct or indirect losses, damages, or opportunity costs suffered or incurred by you or any third party as a result of your participation in the RBC New Digital Registered Savings Welcome Offer.
4. There may be tax implications associated with this Bonus Interest Offer, and you will be issued a T5 for the Bonus Interest you receive (assuming the Bonus Interest is $50 or more). You will be solely responsible for any tax consequences associated with the Bonus Offer and/or the transfer of any assets into the Eligible Account(s). Please consult your personal tax advisor for more information.
5. We may change this Offer and/or these Terms at any time without notice. The posting of the current Terms at https://www.rbcroyalbank.com/rates/persacct.html shall be deemed sufﬁcient notice to you of any such changes, if required.
6. In the event of a conﬂict between these Terms and the content of any document, brochure or promotional material advertising the RBC New Digital Registered Savings Welcome Offer, these Terms shall prevail. You may always view the current Terms by visiting https://rbcroyalbank.com/dms/investments/tao-offer/conditions/index.html or you may call 1-800 ROYAL® 1-1 to request a current copy.
7. We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke the RBC New Digital Registered Savings Welcome Offer to any person or account holder we ﬁnd or believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the RBC New Digital Registered Savings Welcome Offer, without further explanation or advance notice to such person or account holder. By participating in the RBC New Digital Registered Savings Welcome Offer, you acknowledge and agree that we will not be held liable for any direct or indirect losses, damages, or opportunity costs suffered or incurred by you or any third party as a result of us suspending, disqualifying, limiting or revoking your participation in this offer in the event that we ﬁnd or believe you to be manipulating or otherwise abusing the process, fairness, integrity or operation of the offer.
8. If we are unable to execute the offer as planned for any reason, including but not limited to infection of our computers/systems by virus, bugs, tampering, unauthorized intervention, fraud, technical failures, force majeure, pandemic, or any other cause beyond our reasonable control which corrupts, interferes with, or otherwise impacts the administration, security or proper conduct of this RBC New Digital Registered Savings Welcome Offer, we reserve the right at our sole discretion to, without advance notice, terminate or suspend the RBC New Digital Registered Savings Welcome Offer, in whole or in part, or modify it as we deem necessary.
9. You have 31 days from the end of the Promotional Period to notify us if you believe you have completed all Qualifying Criteria but have not earned interest, at the Bonus Interest Rate, due under these Terms. (For clarity, the phrase “Promotional Period” as used herein shall be deemed to mean the full 90-day period contemplated under the deﬁnition of the term “Promotional Period” above, regardless of whether you have met the Qualifying Criteria set out in Section B). Any notice received after this date will not be accepted, and we will only be required to ensure your Eligible Account was paid applicable interest at the Regular Interest Rate from the date you opened that account, even if you had completed the applicable Qualifying Criteria during the Qualifying Period required to earn interest at the applicable Bonus Interest Rate.
10. Your Eligible Accounts and Related Personal Account must remain active and in good standing to receive the Bonus Interest Rate. If prior to the payment of interest at the Bonus Interest Rate the Related Personal Account is closed, any unpaid Bonus Interest will be forfeited.
11. Total of 90 days: For the purpose of this RBC New Digital Registered Savings Welcome 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.