Account Features
The RBC Day to Day Savings account earns interest on all deposits, with no minimal balance to start saving.
The interest rate is set according to the following tiers:
- 0.005% on all savings up to $999.99
- 0.01% on all savings from $1,000 to $2,999
- 0.01% on all savings from $3,000 to $4,999
- 0.01% on all savings over $5,000
Interest is calculated daily and paid monthly on the last business day of the month, directly to the RBC Day to Day Savings account.
Account transfers between the RBC Day to Day Savings account and other RBC personal banking accounts, such as the RBC Signature No Limit Banking account, have no fees or limits.
Fees
Account holders receive 1 free debit transaction per monthly cycle, else they will be charged $2.00 for any additional debit transactions.
Interac e-transfers initiated from this account cost $1.00 each.
ATM withdrawals are charged at a rate of $3.00 per withdrawal within Canada and the United States, while any international ATM withdrawals will cost $5.00 per withdrawal.
Monthly Fees
The RBC Day to Day Savings account has no monthly fees.