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RBC
Savings account

RBC High Interest eSavings Account

RBC
Best for

Convenient if you already bank with RBC and want the promo rate without moving institutions.

Promotional rate
4.6%
Monthly fee
None
Minimum balance
None

Rate verified August 3, 2026 · confirm with RBC before applying.

What this account could grow to

Pre-filled with the ongoing rate of 4.6%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

4.6%
5 yrs
Future value
$29,410
You put in
$25,000
Interest earned
$4,410
Growth over time
Yr 1
$13,534
Yr 2
$17,234
Yr 3
$21,108
Yr 4
$25,163
Yr 5
$29,410
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the RBC High Interest eSavings Account pay?

It pays a promotional 4.6%. Promotional rates are the headline, but the ongoing rate is what matters if you're leaving money there long term.

Are there fees or minimums on the RBC High Interest eSavings Account?

There's no monthly fee, and no minimum balance is required. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with RBC before you apply.

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Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“RBC High Interest eSavings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/rbc-high-interest-esavings, updated August 2026.

Sources
  • RBC published product and rate pages
  • VaultNerd products database