Our Savings Accounts
Why You'll Love Our Savings Accounts:
- Make electronic transfers to your other RBC Royal Bank accounts – for freeLegal Disclaimer footnote1, 24/7
- Earn interestLegal Disclaimer footnote4 on your balances
- No monthly fees or minimum balance required
- Saving made easy when you turn on NOMI Find & SaveLegal Disclaimer footnote2 in the RBC Mobile appLegal Disclaimer footnote3
- Access to MyAdvisor – a digital service from RBC that can help capture all of your savings and investments in one place
Monthly Fee: Free
- Get 5.1% interestLegal Disclaimer footnote5 on your savings when you open your first RBC High Interest eSavings account
- Currency: Canadian
- Regular Interest RateLegal Disclaimer footnote4: 1.00%
- DebitsLegal Disclaimer footnote6: 1 withdrawal from RBC Royal Bank ATM / Month
Monthly Fee: Free
- Currency: Canadian
- Interest rateLegal Disclaimer footnote4: 0.35%
- Free transfers to and from your source chequing account
Monthly Fee: Free
- Currency: Canadian
- Regular interest rateLegal Disclaimer footnote4: Tiered
- DebitsLegal Disclaimer footnote6: 1 per monthly cycle
Monthly Fee: Free
- Currency: Canadian
- For kids 0-12 years
- Free unlimited debit transactions in Canada
- Send and receive free Interac e-Transfer transactions
- Set up regular transfers for your child (e.g. allowance)
Why You'll Love Our Savings Accounts:
- Easily send, receive and manage your foreign currency funds
- No monthly fees or minimum balance required
- Enjoy greater control and flexibility to manage your foreign currency funds
- Reduce the need to convert currency every time, by transacting in the same currency
Monthly Fee: Free
- Currency: USD
- Interest rateLegal Disclaimer footnote4: %
- DebitsLegal Disclaimer footnote6: 1 per monthly cycle
Monthly Fee: Free
- Currency: EUR
- Interest rateLegal Disclaimer footnote4: Tiered
- Conveniently transfer fundsLegal Disclaimer footnote1,Legal Disclaimer footnote7,Legal Disclaimer footnote10, send wiresLegal Disclaimer footnote8 and deposit and withdraw cashLegal Disclaimer footnote9.
Monthly Fee: Free
- Currency: GBP
- Interest rateLegal Disclaimer footnote4: Tiered
- Conveniently transfer fundsLegal Disclaimer footnote1,Legal Disclaimer footnote7,Legal Disclaimer footnote10, send wiresLegal Disclaimer footnote8 and deposit and withdraw cashLegal Disclaimer footnote9.
Monthly Fee: Free
- Currency: HKD
- Interest rateLegal Disclaimer footnote4: Tiered
- Conveniently transfer fundsLegal Disclaimer footnote1,Legal Disclaimer footnote7,Legal Disclaimer footnote10, send wiresLegal Disclaimer footnote8 and deposit and withdraw cashLegal Disclaimer footnote9.
Ways to Apply for a RBC High Interest eSavings account
- Apply Online
- Call 1-800-769-2561 (Lines Open 24/7)
- Call 1-800-769-2561 (Lines Open 24/7)
- Visit Us
Apply Online
Getting your account opened is easy and can be done online in just 10-15 minutes. Simply answer a few questions to get started.
NOMI Insights
NOMI helps you manage your everyday finances by providing you with timely and personalized trends and overviews based on your spending and saving habits.
Kickstart Your Savings
Set up "memorized" online transfers using RBC Save-matic to put automated payments into your savings account.
Ways to Bank
More Ways RBC Supports International Banking
Manage Your Chequing Account Online, Anytime
Check your balances, pay bills, set up alerts, send money and more – whenever you need to.
Bank Anywhere
Take care of your banking from wherever you are, anytime you want.
I'm Already a Customer
The easiest way to commit to a regular savings plan is to arrange for pre-authorized transfers from your banking account to your designated savings account. Simply specify the amount and how often you want the transfers to take place — for example, once a week, every two weeks or once a month. You may even want to schedule these to occur just after your paycheque is direct-deposited into your chequing account.
- Step 1: In your Online Banking, under Quick Payments and Transfers, click on Pay Bills and Transfer Funds.
- Step 2: On the left hand menu, click on Set Up Save-Matic.
- Step 3: Enter the Amount you want to save, choose your From and To accounts, When to start, and select how often from the Receive Frequency options, then click on Submit.
- Step 4. Review your information and click on Confirm.
- Sign in to the RBC Mobile app,
- Tap ‘More’
- Tap ‘NOMI Find & Save’ and turn it on.
After you turn on NOMI Find & Save, we will get to know your spending & saving habits in your source chequing account to find opportunities to save for you.
Learn More about NOMI Find & Save about NOMI Find & SaveYou can deposit cheques through the RBC Mobile app (Android and iPhone devices) or the RBC Canada app (iPad devices). Download the latest version of the apps from the relevant app store, select "Deposit Cheque" in the main menu and follow the on-screen prompts.
Learn More about Mobile Cheque DepositWith Interac e-Transfers you can send funds to clients of other financial institutions as well as RBC, and you don't need to know the account number of the person you're sending money to. All you need is their email address or mobile phone number.
You can send an Interac e-Transfer from Online Banking, or Mobile Banking. Here’s how:
To send an Interac e-Transfer from Online Banking:
- From the Accounts Summary page, select "More Payment Options" on the right side of the page.
- Enter the payment amount of the transfer.
- Select the account you want the funds to be debited from.
- Open the “To” drop down list, select the Interac e-Transfer payee and Submit.
To send an Interac e-Transfer from Mobile Banking:
Select the Interac e-Transfers icon from the main page.
- Choose the account you would like to pay from.
- Select the recipient you wish to send funds to. If sending to a new recipient, select the + sign in the bottom left hand corner of the page.
- Follow the steps
Visit our Foreign Exchange Currency Converter to get the latest foreign exchange rates.
You can access your monthly statements by logging into RBC Online Banking. Balances, account details, transactions, and account preferences can be viewed using RBC Online Banking and/or through the RBC Mobile App.
Transfers to/from your Personal Deposit Accounts, including same currency Foreign Currency Accounts, and transfers to/from Direct InvestingLegal Disclaimer footnote7,Legal Disclaimer footnote10.
Cash deposits/withdrawals and sending wire transfers must be completed in-branchLegal Disclaimer footnote8,Legal Disclaimer footnote9,Legal Disclaimer footnote11.
You do not need any other products to open a Foreign Currency Account.
Visit our enrollment page to get started with RBC Online Banking.
Visit our Foreign Exchange Currency Converter to get the latest foreign exchange rates.