It’s on par with other big bank competitors, but you can find higher rates elsewhere, particularly at online-only banks, which could have a sizable impact on how your savings grow over time. The interest rate RBC offers for this account - a so-called high-interest savings account - is mediocre at best. Drawbacks of RBC High Interest eSavings Account This account also has no monthly fees and offers free access to RBC’s MyAdvisor service: a digital platform that creates personalized plans for your financial goals. The RBC High Interest eSavings account has no minimum balance requirements or tiered rates, which means all cash balances earn interest at the same rate. » MORE: Read our full review of RBC savings accounts Benefits of RBC High Interest eSavings Account None of RBC’s savings accounts charge monthly fees. High Interest eSavings: a USD savings account.
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