2026 Review
RBC High Interest eSavings Review (2026)
Is RBC worth it in 2026? We break down rates, fees, features, and who this account is really best for.
Quick Answer
RBC High Interest eSavings is currently offering 1.05% with no monthly fees. It's best for Canadians who want a simple, no-fuss account with a strong rate and full CDIC insurance.
Current RBC Rates
Regular Rate
1.05%
High Interest eSavings
✓ Pros
- ✓No monthly fees or minimum balance
- ✓CDIC-insured deposits
- ✓Unlimited Interac e-Transfers
✗ Cons
- ✗Online/app only — no physical branches
- ✗Variable rate can change anytime
- ✗May require separate account for bill payments
Who Is RBC Best For?
RBC High Interest eSavingsis a strong choice if you're looking to:
- Park an emergency fund at a higher rate than a big bank
- Save for a short-term goal (vacation, down payment, car)
- Hold cash inside a TFSA or RRSP with competitive returns
FAQ
Is RBC safe?
Yes. RBC is a CDIC-member institution (or holds deposits at CDIC-member banks). Your deposits are insured up to $100,000 per category per institution.
Is the RBC rate guaranteed?
No — HISA rates are variable and can change at any time. Only GICs lock in a rate. If you need a guaranteed rate, compare our GIC options.
Can I hold RBC inside a TFSA?
Check RBC's current account offerings — many digital banks offer registered account options (TFSA, RRSP, FHSA). Holding a HISA inside a TFSA shelters the interest from income tax.
This is not financial advice. We may earn a commission at no cost to you through affiliate links. Rates are for informational purposes and subject to change. Verify directly with RBC before opening an account.