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RBC Royal Bank
RBC High Interest eSavings promo
On $10,000, you'd earn about
$114
over 90 days, before tax
How it works
- Promo rate
- 4.6%
- For
- 90 days from when you open the account
- Up to
- $1,000,000
- Who can get it
- Anyone who hasn't had this account before
- After the promo
- 0.55%
- Sign up by
- Oct 27, 2026
- Account types
- Non-registered
- Insured by
- CDIC, up to $100,000 per insured category
Conditions
- Switching from another account type does not qualify.
- Closing or switching the account forfeits bonus interest calculated in that month.
The catch: Promotional rate drops to 0.55% after 90 days, applies only to first-time account holders, and caps at $1,000,000.
From the bank's page7 quotes
- Rate“The Bonus Interest Rate on June 12, 2026 was 4.05% and is only applicable to deposits made in the Eligible eSavings Account for 3 months (90 days) from the date the Eligible eSavings Account was opened (the “Promotional Period”) and up to a maximum of $1,000,000 of the Eligible eSavings Account’s total balance.”
- Who can get it“The Bonus Interest Rate on June 12, 2026 of 4.05% within the RBC New eSavings Client Bonus Interest Rate Offer (“Offer”) is available to residents of Canada who are of the age of majority in the province or territory in which they reside as of the date the Eligible eSavings Account is opened and who were not the Primary Owner of an RBC High Interest eSavings Account at any time before the beginning of the Qualifying Period (as defined below), and who open a new RBC High Interest eSavings Account (“Eligible eSavings Account”) as the Primary Owner between June 12, 2026 and 3:00 PM EST on October 27, 2026 (the “Qualifying Period”).”
- How long“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.”
- Cap“The Bonus Interest Rate on June 12, 2026 was 4.05% and is only applicable to deposits made in the Eligible eSavings Account for 3 months (90 days) from the date the Eligible eSavings Account was opened (the “Promotional Period”) and up to a maximum of $1,000,000 of the Eligible eSavings Account’s total balance.”
- Condition“(Note: For added clarity, you will not qualify for this Offer by switching from another account type to an Eligible eSavings Account.)”
- Condition“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.”
- Rate after the promo“For example, if on June 12, 2026, the Regular Interest Rate was 0.55% per annum and the Bonus Interest Rate was 4.05% per annum, the Promotional Interest Rate would be 4.60% per annum.”
Source: www.rbcroyalbank.com
Compounded monthly, before tax. The bank calculates daily, so yours will differ slightly. Last checked Oct 9, 2026.