Savings account · Royal Bank of Canada
Royal Bank of Canada RBC High Interest eSavings: fees and true cost
Royal Bank of Canada’s RBC High Interest eSavings lists 0.65% interest and no monthly fee. On $10,000 that’s about $65 a year before tax, at the posted rate.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey reads Royal Bank of Canada’s RBC High Interest eSavings rate sheet: $65 a year on $10,000.
What interest does RBC High Interest eSavings from Royal Bank of Canada pay?
RBC High Interest eSavings lists 0.65% interest with FCAC. On $10,000 that is about $65 a year before tax, with no monthly fee, #9 of 25 savings accounts offered nationwide by interest after fees. Eligible deposits are insured by CDIC up to $100,000 per category. Rates as listed on November 1, 2026; promotional rates may differ.
Is Royal Bank of Canada RBC High Interest eSavings the best place for savings?
- Versus the top posted rate: on $10,000, 30 Day Notice Savings Account (EQ Bank, 3%) would pay about $235 more a year after fees.
- Or lock it in: a 1-year GIC at 3.75% (Oaken Financial, posted November 2, 2026) would earn $375 on $10,000, against $65 here — but the money is locked in for the year.
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.65% | $7 |
| $10,000 | 0.65% | $65 |
| $50,000 | 0.65% | $325 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.65% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | Branch: 0 · self-serve: 1 |
| Debit purchase in Canada (beyond included) | $5.00 |
| Online or mobile bill payment | $5.00 |
| Interac e-Transfer | $6.00 |
| Online transfer between your accounts | $5.00 |
| Own-bank ATM withdrawal | $5.00 |
| Withdrawal at another institution’s ATM | $8.00 |
| ATM withdrawal in the United States | $8.00 |
| ATM withdrawal in other countries | $10.00 |
| Debit purchase in the United States | $6.00 |
| In-branch withdrawal | $5.00 |
| Bill payment in branch | $5.00 |
| Cheque (as a payment) | $5.00 |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Other savings accounts at Royal Bank of Canada
- RBC Day to Day Savings — 0.005%–0.01% (tiered) interest
- RBC Enhanced Savings — 0.001%–0.01% (tiered) interest
- RBC Investment Savings Account — 1.8% interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Royal Bank of Canada’s product page
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