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Oct 2, 2024 · The Promotional Interest Rate of 5.30% is calculated by adding the Bank's Regular Interest Rate (on October 2, 2024 the Regular Interest Rate was 1.40%) with the Bonus Interest Rate (on October 2, 2024 the Bonus Interest Rate was 3.90%).
2 days ago · “Promotional Interest Rate” is a combination of the Bonus Interest Rate plus the Regular Interest Rate. For example, if on August 1, 2024, the Regular Interest Rate was 1.50% per annum and the Bonus Interest Rate was 3.90% per annum, the Promotional Interest Rate would be 5.40% per annum.
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- 1 Free RBC ATM cash withdrawal / month
- A high interest savings account such as RBC High Interest eSavings is a type of account that typically offers a higher interest rate than tradition...
- You can open an RBC High Interest eSavings account online, in the RBC Mobile11 app, by visiting a branch or by calling us at 1-800-769-2561 (lines...
- At RBC, the RBC High Interest eSavings account typically offers the highest interest rate. For details on current rates, please see our savings acc...
- With an RBC High Interest eSavings account, you earn interest on every dollar you save. Interest is calculated daily and paid monthly to grow your...
- Yes, the RBC High Interest eSavings account is a safe place to keep money that you don’t need to access every day. Deposits you make to your high i...
The Promotional Interest Rate of 4.25% is calculated by adding the Bank's Regular Interest Rate (on February 1, 2023 the Regular Interest Rate was 1.50%) with the Bonus Interest Rate (on February 1, 2023 the Bonus Interest Rate was 2.75%).
As of September 2024, the RBC High Interest eSavings Account offers an interest rate of 1.40%, with a 5.40% promotional rate for the first three months until October 31, 2024.
- RBC High Interest eSavings Account Full Review
- RBC High Interest eSavings Account Details and Eligibility
- How to Open An RBC High Interest eSavings Account
- How to Maximize The Benefits of An RBC High Interest eSavings Account
- RBC High-Interest Savings Account Alternatives
- RBC High-Interest Savings Account Facts
The RBC High Interest eSavings account currently earns 1.70% interest on all cash balances and charges no monthly fees. You can manage your account through RBC’s online banking portal or mobile app. Transfers between RBC accounts are free.
Who qualifies for an RBC High Interest eSavings account?
To open an RBC High Interest eSavings account, you must: 1. Live in Canada. 2. Be over the age of majority in your province or territory. 3. Have a valid Social Insurance Number (SIN).
Who should get an RBC High Interest eSavings account?
The RBC High Interest eSavings account is a straightforward savings accountwith no monthly fees or account minimums. All cash balances earn the same interest rate, which could be a plus for those who don’t want to worry about tiered rates or balance thresholds. The eSavings account may be of particular interest to those who already bank with RBC since transfers between this high-interest savings account and other RBC accounts are free and unlimited.
How to know if an RBC High Interest eSavings account is right for you
An RBC Royal Bank HISA could be a fit if you’re comfortable earning modest interest and won’t regularly dip into your account, which could lead to unnecessary fees.
Method and general steps
An RBC High Interest eSavings account can be opened online from RBC’s website. You can fill out the application from a computer, tablet or mobile device and the process typically only takes a few minutes to complete. You can also apply by calling 1-800-769-2561 — phones are answered around the clock. Or, you can make an appointment to open an account at an RBC location during business hours.
Deposit and withdrawal process
RBC High Interest eSavings account deposits can be made by cash, cheque, electronic funds transfer or Interac e-transfer. Online transfers between your HISA and other RBC accounts are free and unlimited. You get one free RBC ATM withdrawal monthly. After that, you’ll pay a $5 excess transaction fee for any withdrawal you make at an RBC branch or ATM. In addition to the excess transaction fee, you’ll pay an additional $2 to $5 for using a non-RBC ATM.
Customer service options
Reach out to the RBC customer service team: 1. By phone.Call 1-800-769-2511 to speak to a customer service representative. 2. In person.Make an appointment to visit an RBC branch during business hours.
Download the RBC mobile banking app.Check your account balance and monitor your account on the go with the RBC app.Make withdrawals from another account.The eSavings account only comes with one free withdrawal monthly, but transfers between RBC accounts are unlimited. Avoid the $5 excess transaction fee by maki...High-interest savings accounts, often referred to as HISAs, are popular, which means most Canadian banks and credit unions offer them. If RBC’s high-interest savings account doesn’t seem like a functional fit for your finances, there are numerous RBC savings accountalternatives. » MORE: Read our full review of RBC TFSA
What is a high interest savings account?
High interest savings accounts, or HISAs, offer higher interest rates than regular savings accounts. A standard savings account rate from one of the Big Six Banks is likely to sit around 0.01% to 0.050%. High-interest savings accounts may offer rates closer to 1% — or higher.
Minimum balance
The RBC High Interest eSavings account has no minimum balance requirements. You’ll earn the same interest rate no matter how much you have in your account.
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For high interest, the RBC High Interest eSavings Account offers the best rate with a 5.40% promotional APY for three months, followed by 1.40%. For children under 13, the Leo Young Savers...
Jan 8, 2024 · Promotional rate. RBC’s savings accounts have no promotional interest rates as of Jan. 8, 2024. Ongoing interest rates as of January 2024: RBC High Interest eSavings: 1.7%. NOMI Find and...
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