Savings accounts

Enjoy peace of mind with
U.S. funds set aside

A U.S. savings account provides a smart way to keep funds in U.S. dollars while earning interest. The money is in the U.S. when you need it, so you don’t have to worry about fluctuating exchange rates.

Personal savings1

Set money aside for all the right reasons.

  • $100 minimum deposit to open
  • $300 minimum monthly balance to avoid maintenance fee
  • Free and instant automatic transfers2 from your RBC Bank checking account
  • Easy access to funds3 via Online Banking or Automated Telephone Banking
  • Funds are FDIC insured up to $250,000 per ownership category4
  • An RBC Bank checking account is required to open a Personal savings account

Preferred Money Market savings5

With this savings account, you’ll earn our best interest rates with easy access to your savings.

  • $1,000 minimum deposit to open
  • No monthly fee when you keep $1,000 minimum monthly balance
  • Use checks on this account for your U.S. purchases
  • Easy access to funds3 via Online Banking and Automated Telephone Banking
  • An RBC Bank checking account is required to open a Preferred Money Market savings account

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Certificates of deposit (CDs) (similar to Canadian GICs)6

Relax with the security of no-risk CDs.

  • Competitive, fixed interest rates for the term of the CD
  • Guaranteed rate of return
  • Terms from six months to five years
  • Funds are FDIC insured up to $250,000 per ownership category4

Investing

When your U.S. savings and U.S. asset management needs are more complex, the seasoned advisors at RBC Wealth Management can help you reach your goals. 

Learn more

1 Federal law requires that no more than six preauthorized, automatic transfers (including online and telephone transfers) or checks to other accounts you have with us or to third parties may be made from the Money Market Account during any statement cycle. Excessive preauthorized, automatic or check transfers may result in fees being charged and/or a conversion of your account to a different account type.
2 Maximum transaction limits apply and are subject to change. Availability of the money will depend on the time it is sent from RBC Royal BankTM or RBC Bank. Transaction may not appear on your RBC Bank (U.S.) account transaction history until the following day but will reflect the date of the transfer.

3 Federal regulation limits the number of withdrawals and/or transfers that may be made from a money market savings account by telephone/PC transfer, pre-authorized transfer or check card. You are limited to six withdrawals and/or transfers from your money market savings account each monthly statement cycle by pre-authorized transfer or telephone/PC transfer (including any bill payments). And, if the account permits transfers by check or check card, no more than three of the six limited transfers may be made by check or check card. Fees apply to any withdrawals or transfers that exceed these limits.
4 Exact amount of FDIC insurance depends on amount of deposit and nature of ownership interest.
5 Federal law requires that no more than six preauthorized or automatic transfers (including online and telephone transfers) to other accounts you have with us or to third parties may be made from the Money Market Account during any statement cycle. Excessive preauthorized transfers may result in fees being charged and/or a conversion of your account to a different account type.
6 A penalty may be imposed for early withdrawal. Fees could reduce earnings.