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Protect and Help Grow Your Money

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Put your money to work with these Safe Haven Savings offers from RBC. For a limited time, you could get up to 2% interest in a safe and flexible RBC High Interest eSavings Account when you open both an eSavings account and a TFSA or RRSP. Plus, enjoy the tax benefits of a registered plan.

Take advantage of our Safe Haven Savings offer today.

Get Up to 2% Interest1

When you open both a new RBC High Interest eSavings Account and a TFSA or RRSP

Simply open your first RBC High Interest eSavings Account by April 30 and receive 1.5% for the first 3 months2. You can also get 2% for the next 3 months2 if you open your first RBC TFSA or RRSP with a minimum balance of $100 within 60 days of opening your eSavings account.

  • Pay no monthly fee, ever
  • Maintain any balance—there’s no minimum
  • Earn interest daily3 (it’s paid out monthly)
  • Access your money easily -- transfer money instantly and for free4 online, by phone (self-serve) or at the ATM to other RBC personal banking account(s)6 in your name
  • Get 1 free RBC ATM cash withdrawal per month6
  • Eligible for CDIC coverage
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  • Pay no taxes on your investment earnings and withdrawals5
  • Contribute for as long as you want—even if you’re retired or not employed—there’s no age limit or income requirement
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  • Use contributions to help reduce your taxable income
  • Defer your taxes on investment earnings until you withdraw the money
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Offer expires April 30, 2021.

Or, choose to open only a new RBC High Interest eSavings Account to get…

1.5% Interest1 for 3 Months2

In an RBC High Interest eSavings Account

Open your first High Interest eSavings Account by April 30, 2021.

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Offer FAQs

Many Canadians are still feeling uncertain about their finances in 2021. Our Safe Haven Savings offers:

  • Allow you to help grow your money while helping to keep it safe.
  • Provide a competitive return on your money, despite historically low interest rates.
  • Let you keep cash on hand if you need to access your savings quickly. Having easy access to your money also means that you can act swiftly if you want to invest it when you’re ready.

At the end of your first 3-month promotional period (during which you will earn 1.5% interest), your RBC High Interest eSavings Account balance will either:

  • Earn interest at the regular posted interest rate, applicable to the RBC High Interest eSavings Account and in effect at that time, if you do not also open an eligible registered account within 60 days of opening your RBC High Interest eSavings Account.

OR

  • Earn 2% interest (on balances up to $1,000,000) for the next 3 months if you also open your first RBC TFSA or RRSP and deposit at least $100 within 60 days of opening your RBC High Interest eSavings Account.

The 1.5% interest rate offer for the first 3 months is only available to individuals who were never the primary owner of an RBC High Interest eSavings Account at any time before February 2, 2021 and who open an RBC High Interest eSavings Account by April 30, 2021. To receive the 2% interest rate offer for the next 3 months, you must open your first RBC TFSA or RRSP as the primary owner with a minimum balance of $100 within 60 days of opening your eSavings account and complete the criteria.

The 2% promotional interest rate (available during the second 3-month period following the date the eligible RBC High Interest eSavings Account is opened) is only available to individuals who, within 60 days of opening their first eligible RBC High Interest eSavings Account, also open, and deposit $100 into, their first RBC TFSA or RRSP as the primary owner. If you already have a TFSA or an RRSP and are its primary owner prior to opening your eligible eSavings account, you may still qualify to receive the 2% promotional interest rate in your eligible eSavings Account by opening, as a primary owner, a different eligible registered account type than the one you already hold. For example, if you already hold a TFSA but not an RRSP, you may open an RRSP as its primary owner within 60 days.

In order to qualify to receive the 2% promotional interest rate during the second 3-month period from the date you open your eligible RBC High Interest eSavings account, the RBC High Interest eSavings Account must be opened first by April 30, 2021, followed within 60 days by opening an eligible TFSA or RRSP.

Invest for growth, income or both with a wide range of Guaranteed Investment Certificates (GICs), mutual funds7 and savings deposits in your RBC TFSA or RRSP.