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Royal Bank of Canada Deposits of february 2024

Open a deposit at Royal Bank of Canada verified by our specialists. On 24.02.2024 12 deposits are available to you.
Offers: 12
Updated
05.01.2023
17:10
Royal Bank of Canada
RBC High Interest eSavings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

1.400%
Royal Bank of Canada
RBC Advantage Banking for students
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Royal Bank of Canada
U.S. Personal Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$3.00 USD monthly fee
Royal Bank of Canada
RBC Signature No Limit Banking
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $16.95 monthly fee
Royal Bank of Canada
RBC VIP Banking
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $30 monthly fee
Royal Bank of Canada
RBC Leo's Young Savers Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Royal Bank of Canada
RBC Enhanced Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

up to 0.010%
Royal Bank of Canada
RBC Advantage Banking
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $11.95 monthly fee
Royal Bank of Canada
RBC Day to Day Banking
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $4 monthly fee
Royal Bank of Canada
RBC U.S. High Interest eSavings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

0.350%
MDG
1
Removed money from my bank account, to apparently verify my bank account. Then denied my application because I live in a unorganized township that does not have a physical address...
Review
Money Mart
1
Bad customer service they can never fix your problems...
Review
GoDay
1.6
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review

Types of RBC deposits

Royal Bank of Canada developed a product that grants access to money and a guarantee on the principal and interest — RBC Savings Deposit. You can use your funds whenever you need them. Moreover, you can switch to GICs or mutual funds at any time. Interest is calculated daily and paid semi-annually.

You can set up a pre-authorized contribution plan for your TFSA, RRSP, RESP, or RDSP, so you can save automatically. As little as $25 per week lets you get started. You can choose weekly, bi-weekly, or monthly contributions that are automatically debited from your chequing or savings account.

Requirements

To start using an RBC Savings Deposit, you must first have an existing RBC TFSA, RRSP, RRIF, RESP, or RDSP or an existing RBC Royal Bank chequing or savings account already set up.

Pros and cons

Here are the benefits of the RBC Savings Deposit:

  • No minimum deposit required
  • It is possible to access the funds at any time
  • Original deposit and interest rate are guaranteed

Nevertheless, there is a strict eligibility requirement that can be considered a product's drawback:

  • The product can only be held in a registered account such as an RBC TFSA, RRSP, RRIF, RESP, or RDSP

How to buy a savings deposit?

If you already use RBC Online Banking, you can buy an RBC Savings Deposit online or in-store.

To get more details, visit your branch or call customer support.

FAQ

Is my money protected?

The Canadian Government amended the rules governing deposit insurance protection provided for trust deposits by Canada Deposit Insurance Corporation (CDIC). These changes are to enhance deposit insurance coverage and ensure quick and accurate payments in case of a member institution failure.

RBC and some of its subsidiaries are members of CDIC, a federal Crown Corporation that contributes to the stability of the Canadian financial system by providing deposit insurance.

How do I buy a savings deposit online?

You can buy an RBC Savings Deposit online through RBC Online Banking

or the RBC Mobile app.

The operation can be completed if:

  • you are purchasing the RBC Savings Deposit within an existing registered plan (e.g. TFSA, RRSP, or RESP)

  • you have Online Banking access

  • have an existing RBC Royal Bank chequing or savings account