RBC Canada No Fee Savings Accounts Review

RBC Canada use to offer four separate types of savings accounts for Canadians but like many other banks these days they have stream lined their offering down to one solid "High Interest Savings Account". This savings account has no monthly fee or minimum balance to receive the highest rate.

RBC High Interest eSavings Account: 1.05% (No Monthly Fees)

The RBC High Interest eSavings Account is a pretty good savings account option for many Canadians. It offers a competitive interest rate and easily connects to any other RBC accounts you might have. The only fees you will pay on this account is when you conduct what would be considered daily banking, like ATM withdrawals or E-Transfers. RBC does allow one free ATM debit each month, and transfers to and from you personal RBC savings and chequing accounts is of course free.

RBC High Interest eSavings Details

Monthly Fee: Free
Currency: Canadian
Monthly Debits Included: 1 Free RBC ATM Cash Withdrawal Each Month
Free Transfers: Account to Account Transfers in you Name
Debits Exceeding Monthly Limit: $5.00 Each
Interact / Plus System ATM Fees: Interact $1.50, PLUS $3.00, PLUS USA $5.00
Interact e-transfer: $1.00 Each
Cross Border Debit: $1.00 Each
eStatement Notifications: Free
Telephone Banking: Free
Access to myFinance Tracker: Free