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RBC New U.S. eSavings Client Cash Bonus Offer Terms and Conditions

Interest Rate Definition:

“Regular Interest Rate” means the interest rate ordinarily applicable to the RBC U.S. High Interest eSavings Account. The Regular Interest Rate is subject to change without notice, and the most current rate is posted on our Personal Accounts Interest Rates webpage, which may be viewed at https://www.rbcroyalbank.com/rates/persacct.html.

Other Definitions:

“Cash Bonus” means the one-time cash payment equivalent to ten (10) times the dollar amount earned in interest, by the Eligible Client, at the Regular Interest Rate applicable to the Eligible RBC U.S. High Interest eSavings Account during the Cash Bonus Eligibility Period (i.e., August 3, 2022 to October 31, 2022), up to a maximum of USD $5000.00. PLEASE NOTE: The Cash Bonus is not interest.

“Cash Bonus Eligibility Period” means the period from August 3, 2022 to October 31, 2022;

“Eligible Client(s)” means a client who:

  • Is a resident of Canada and of the age of majority in the province or territory in which they reside as of the date the Eligible RBC U.S. High Interest eSavings Account is opened to qualify for this Promotional Offer. Residence is determined by the jurisdiction (province or territory) where an Eligible Client has their primary tax filing obligation based on their regular place of residence; and
  • Has not been the Primary Owner of an RBC U.S. High Interest eSavings account at any time before the beginning of the Qualifying Period;
  • Received an email from us and/or are informed electronically by by us when logged in to RBC Online Banking informing them that they are eligible to participate in this RBC New U.S. eSavings Client Cash Bonus Offer.

“Eligible RBC U.S. High Interest eSavings Account” means the first RBC U.S. High Interest eSavings Account opened by an Eligible Client as the Primary Owner during the Qualifying Period;

“Primary Owner” means the person we designate to be the primary owner of the Eligible RBC U.S. High Interest eSavings Account;

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

“Qualifying Period” means the period starting on August 3, 2022 and ending at 3:00PM EST on October 31, 2022;

“RBC New U.S. eSavings Client Cash Bonus Offer” or “Promotional Offer” mean the promotional offer we make with respect to an Eligible RBC U.S. High Interest eSavings Account, as described in these Terms;

“Terms” mean these terms and conditions which govern this RBC New U.S. eSavings Client Cash Bonus Offer;

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

“we”, “us”, “our” and “RBC Royal Bank” mean Royal Bank of Canada or any of its deposit taking subsidiaries.

A. Offer

  • Provided you fulfill the applicable Qualifying Criteria (as more particularly described below) and meet all other conditions of these Terms, you will receive a Cash Bonus deposit up to a maximum of USD $5000.00 in your Eligible RBC U.S. High Interest eSavings Account between November 15, 2022 and November 30, 2022.

B. Eligibility

  • The RBC New U.S. eSavings Client Cash Bonus Offer is only available to existing clients of Royal Bank of Canada who receive the Offer by email directly from Royal Bank of Canada and/or are informed electronically by us when logged in to RBC Online Banking that they are eligible to participate in the Promotional Offer (“Eligible Client(s)”). This Promotional Offer is particular to the individual to whom it is presented, and may not be transferred to or shared with any other party. Any party who seeks to participate in this Promotional Offer without having been advised directly by Royal Bank of Canada of their eligibility in the manner(s) described herein shall be ineligible.

C. Qualifying Criteria

  • To qualify to receive the benefit of this Promotional Offer (i.e. the Cash Bonus ), you must:
    • Be an Eligible Client; and
    • Open an Eligible RBC U.S. High Interest eSavings Account as the Primary Owner during the Qualifying Period. (For added clarity, even if you are an Eligible Client but you are not the Primary Owner of the Eligible RBC U.S. High Interest eSavings Account opened to qualify for this Promotional Offer as of the date that account is opened, you will not qualify to receive the Cash Bonus under this Promotional Offer.

D. Additional Conditions:

  • Notwithstanding the terms and conditions of any separate promotion for which you may qualify, this Promotional Offer does not alter the Regular Interest Rate applicable to your Eligible RBC U.S. High Interest eSavings Account. Interest earned at the Regular Interest Rate in your Eligible RBC U.S. High Interest eSavings Account will be calculated daily and paid monthly in your Eligible RBC U.S. High Interest eSavings Account.
  • The Regular Interest Rate may change at any time without prior notice.
  • The Cash Bonus will be deposited into the Eligible RBC U.S. High Interest eSavings account by way of a single, one-time direct account credit, between November 15, 2022 and November 30, 2022 provided your account remains open on the deposit date. The Cash Bonus will be calculated by multiplying by ten (10) the total amount of interest earned at the Regular Interest Rate between August 3, 2022 and October 31, 2022.
  • Any Eligible RBC U.S. High Interest eSavings Account that is closed or switched to a different product/account type which is not an RBC U.S. High Interest eSavings Account on the date (between November 15, 2022 and November 30, 2022) on which the Cash Bonus is deposited shall forfeit the right to receive the Cash Bonus, even if all other Qualifying Criteria have been met.

E. Limitations

  • If any account is switched from another RBC bank account to an Eligible RBC U.S. High Interest eSavings Account, neither the original account nor the Eligible RBC U.S. High Interest eSavings Account to which it was switched will be eligible for this Promotional Offer.
  • This RBC New U.S. eSavings Client Cash Bonus Offer is available for only one Eligible RBC U.S. High Interest eSavings Account per Eligible Client, no matter how many Eligible U.S. High Interest eSavings Accounts you may open during the Qualifying Period. Only the first Eligible RBC U.S. High Interest eSavings Account (as determined by us in our sole discretion) opened by you as a Primary Owner during the Qualifying Period will receive the benefit(s) for which you qualify under this RBC New U.S. eSavings Client Cash Bonus Offer.
  • This RBC New U.S. eSavings Client Cash Bonus Offer cannot be combined with other cash bonus offers applicable to an RBC U.S. High Interest eSavings Account. In the event that an Eligible Client qualifies for more than the cash bonus offer for an Eligible RBC U.S. High Interest eSavings Account, this RBC New U.S. eSavings Client Cash Bonus Offer will be applied to the Eligible Client's Eligible RBC U.S. High Interest eSavings Account first, to the exclusion of any other cash bonus offer, unless the terms and conditions of any such other offer permit you to avail of both offers.
  • We may change this RBC New U.S. eSavings Client Cash Bonus Offer and/or these Terms at any time without notice. The posting of the current Terms at
    rbc.com/aughighinterestesavings(opens new window) shall be deemed sufficient notice to you of any such changes, if required.
  • In the event of a conflict between these Terms and the content of any document, brochure or promotional material advertising the RBC New U.S. eSavings Client Cash Bonus Offer, these Terms shall prevail. You may always view the current Terms by visiting rbc.com/aughighinterestesavings(opens new window) or you may call 1-800 ROYAL® 1-1.
  • We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke the RBC New U.S. eSavings Client Cash Bonus 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 U.S. eSavings Client Cash Bonus Offer, without further explanation or advance notice to such person or account holder. By participating in the RBC New U.S. eSavings Client Cash Bonus 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.
  • 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 U.S. eSavings Client Cash Bonus Offer, we reserve the right at our sole discretion to, without advance notice, terminate or suspend the RBC New U.S. eSavings Client Cash Bonus Offer, in whole or in part, or modify it as we deem necessary.
  • You have until December 31, 2022 to notify us if you believe you have completed all Qualifying Criteria but have not received the Cash Bonus due under these Terms. Any notice received after this date, will not be accepted and we will only be required to ensure your Eligible RBC U.S. High Interest eSavings 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 the Cash Bonus.
  • If you have any other personal deposit account(s) with us, it or they must be in good standing; otherwise, we reserve the right to prohibit you from participating in, or to discontinue your participation in, the RBC New U.S. eSavings Client Cash Bonus Offer in our sole discretion. By participating in the RBC New U.S. eSavings Client Cash Bonus 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 prohibiting you from participation in, or discontinuing your participation in, this offer.

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