RBC High Interest eSavings Account

RBC High Interest eSavings is currently offering a promotional rate of 4.60% for the first three months, available to new clients on balances up to $1 million.

Once the 90-day promotional window ends, the account reverts to RBC's regular posted rate.

• 4.60% promotional rate for the first 3 months (new clients, balances up to $1 million)
• 0.55% regular rate thereafter

Keep in mind that the gap between the promo and regular rates is wide, so the account looks very different once the introductory period is over.

There's no monthly fee on the RBC High Interest eSavings account.

The account includes one free withdrawal at an RBC ATM per cycle, and transfers between your own RBC accounts are always free.

As an online-focused savings account, it's designed as a place to park money rather than for day-to-day transactions.

High Interest eSavings is RBC's online savings account, and it keeps things simple.

There's no minimum balance requirement, so you can open it without committing a set amount of money.

Moving money in and out is free between your own RBC accounts, which makes it an easy pairing with an RBC chequing plan.

Deposits are eligible for CDIC coverage.