RBC Business Interest Account
| Tiers If Balance is: |
Annual Rate (%) | Date of Last Change (YYYY/MM/DD) |
|---|---|---|
| $1,000,000 and over | ||
| $500,000 to $999,999.99 | ||
| $100,000 to $499,999.99 | ||
| Under $100,000* |
- Interest is calculated daily on the entire balance of the daily closing credit balance at the rate assigned to the highest tier achieved.
- Interest is paid on the 2nd business day of each month, backdated to the previous business day.
- The interest rate is an annual interest rate.
- The interest calculation is a simple interest calculation.
- Interest rates are subject to change at anytime without notice.
* The minimum daily closing credit balance required to earn interest is $100,000
For more information about the account, on current interest rates, how interest is calculated, and what may affect this calculation, please contact a member of your RBC relationship team, a Royal Bank branch, or call 1-800-769-2520.