RBC New eSavings Client Bonus Interest Rate Offer
Terms and Conditions

Interest Rate Definitions:

“Regular Interest Rate” is subject to the prime rate and means the interest rate ordinarily applicable to the RBC 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(opens new window);

“Promotional Interest Rate” is a combination of the Bonus Interest Rate plus the Regular Interest Rate. For example, if on November 5, 2024, the Regular Interest Rate was 1.15% per annum and the Bonus Interest Rate was 3.95% per annum, the Promotional Interest Rate would be 5.10% per annum;

“Bonus Interest Rate” means the increment over the Regular Interest Rate applicable to the Eligible eSavings Account starting on the Initial Offer Qualiﬁcation Date and continuing during the Promotional Period(s) for which you may qualify by meeting relevant Qualifying Criteria (as more particularly described below). If you meet the Qualifying Criteria described in Section B, Paragraph 2 below, you will receive the Bonus Interest Rate described therein for the ﬁrst 90 days following your Initial Offer Qualiﬁcation Date, in addition to the Regular Interest Rate. At the start of the Qualifying Period (i.e., on November 5, 2024), the annual Bonus Interest Rate was 3.95%.

Note: The Regular Interest Rate and Bonus Interest Rate are each subject to change without notice.

Other Definitions:

“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 eSavings Account is opened. 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
Has not been the Primary Owner of an RBC High Interest eSavings Account at any time before the beginning of the Qualifying Period;

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

“Initial Offer Qualification Date” means the date that an Eligible Client ﬁrst completes the Qualifying Criteria on any day between November 5, 2024 to December 30, 2024 inclusive.

“Primary Owner” means the person we designate to be the primary owner of the Eligible eSavings Account;

“Promotional Period” means the period starting on the Initial Offer Qualiﬁcation Date, and ending 89 days thereafter;

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

“Qualifying Period” means the period starting on November 5, 2024 and ending at 3PM Eastern Time on December 30, 2024;

“RBC New eSavings Client Bonus Interest Rate Offer” means the promotional rate offer we make in respect of an Eligible eSavings Account, as described in these Terms;

“Terms” mean these terms and conditions which govern this RBC New eSavings Client Bonus Interest Rate Offer;

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

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

A. Offer

Provided you fulfill the applicable Qualifying Criteria (as more particularly described below) and meet all other conditions of these Terms, you will earn interest at the Promotional Interest Rate applicable during the 90-day Promotional Period on balances up to $1,000,000 in your Eligible eSavings Account.

B. Qualifying Criteria

To qualify for the Promotional Interest Rate under this RBC New eSavings Client Bonus Interest Rate Offer, you must:
- Be an Eligible Client; and
- Open an Eligible eSavings Account as the Primary Owner during the Qualifying Period. (For additional added clarity, even if you are an Eligible Client but you are not the Primary Owner on the date an Eligible eSavings Account is opened, you will not qualify to receive Promotional Interest Rate under this RBC New eSavings Client Bonus Interest Rate Offer, the benefit of this Promotional Offer.)

C. Additional Conditions (including Interest Calculation and Payment)

Interest at the Bonus Interest Rate will be calculated daily on balances up to $1,000,000 and paid monthly during the Promotional Period to the Eligible eSavings Account opened to qualify for this RBC New eSavings Client Bonus Interest Rate Offer.
Interest at the Bonus Interest Rate will be paid on a maximum of $1,000,000 of the Eligible eSavings Account’s total balance during the Promotional Period. Any portion of the Eligible eSavings Account’s total balance greater than $1,000,000 will earn interest only at the Regular Interest Rate, including during the Promotional Period.
During the Promotional Period, interest in your Eligible eSavings Account will be deposited within the first fifteen business days after the month in which it was calculated and paid through two separate interest payments and as follows:
- one interest payment calculated and paid at the Regular Interest Rate (i.e., the standard interest rate applicable to your Eligible eSavings Account regardless of this RBC New eSavings Client Bonus Interest Rate Offer); and
- a second interest payment calculated and paid at the Bonus Interest Rate applicable during the 90 days of the Promotional Period, provided you meet the Qualifying Criteria.
If the period during which interest at the Bonus Interest Rate applies ends before the last day of the last calendar month of that period, interest at the applicable rate for that period (or those periods, as relevant) will be paid fifteen business days after the last day of the applicable period(s).
The Bonus Interest Rate and/or the Regular Interest Rate may change at any time without prior notice.
At the end of the Promotional Period, all balances will earn interest only at the Regular Interest Rate.
Any Eligible eSavings Account that, prior to the payment of interest at the Bonus Interest Rate, is closed or switched to another product type which is not an RBC High Interest eSavings Account will forfeit any such interest calculated during the month in which the Eligible eSavings Account is closed or switched.

D. Limitations

If any account is switched from another RBC bank account to an Eligible eSavings Account, neither the original account nor the Eligible eSavings Account to which it was switched will be eligible for this offer.
This RBC New eSavings Client Bonus Interest Rate Offer is available for only one Eligible eSavings Account per Eligible Client, no matter how many Eligible eSavings Account you may open during the Qualifying Period. Only the ﬁrst Eligible eSavings Account opened by you as a Primary Owner during the Qualifying Period will receive the beneﬁt(s) for which you qualify under this RBC New eSavings Client Bonus Interest Rate Offer.
This RBC New eSavings Client Bonus Interest Rate Offer cannot be combined with other promotional rate offers applicable to an RBC High Interest eSavings Account. Where an Eligible Client qualiﬁes for more than one bonus interest rate offer for an Eligible eSavings Account, this RBC New eSavings Client Bonus Interest Rate Offer will be applied to the Eligible Client’s Eligible eSavings Account ﬁrst, to the exclusion of any other bonus interest rate offer.
We may change this RBC New eSavings Client Bonus Interest Rate Offer and/or these Terms at any time without notice. The posting of the current Terms at https://www.rbcroyalbank.com/rates/persacct.html(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 eSavings Client Bonus Interest Rate Offer, these Terms shall prevail. You may always view the current Terms by visiting https://www.rbcroyalbank.com/investments/psi/november2024-hisa/terms.html (opens new window) or you may call 1-800 ROYAL^® 1-1 to request a current copy.
We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke the RBC New eSavings Client Bonus Interest Rate 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 eSavings Client Bonus Interest Rate Offer, without further explanation or advance notice to such person or account holder. By participating in the RBC New eSavings Client Bonus Interest Rate 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 eSavings Client Bonus Interest Rate Offer, we reserve the right at our sole discretion to, without advance notice, terminate or suspend the RBC New eSavings Client Bonus Interest Rate Offer, in whole or in part, or modify it as we deem necessary.
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 the purpose of this Section D, Paragraph 15, 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 or not you have met the Qualifying Criteria set out in Section B, Paragraph 2.) 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.
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 eSavings Client Bonus Interest Rate Offer in our sole discretion. By participating in the RBC New eSavings Client Bonus Interest Rate 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.

*Total of 90 days: For the purpose of this RBC New eSavings Client Bonus Interest Rate 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.