Which RBC Savings Account is Better? A Comprehensive Guide

Deciding the best savings account for your financial goals is a crucial step. With RBC, you’ve myriad options at your fingertips — from their High Interest eSavings accounts to their Day to Day Savings account. But which one is the best fit for you? In this article, we're going to delve into each savings option to help you make an informed decision. You can access these services through multiple platforms - online banking, mobile app or by calling their customer service.

Option 1: Online Banking

RBC’s online banking offers a robust platform to help you manage your finances and make educated decisions on which savings account is right for you.

• RBC High Interest eSavings: This account offers an attractive interest rate. It’s a suitable choice for individuals looking for a low-maintenance savings account with a competitive rate.
• RBC Day to Day Savings: This account could be ideal if you’re just starting the savings journey. With no minimum balance and one free debit transaction per month, it’s a great place for new savers to start their journey.

Online banking allows you to seamlessly move money between accounts, set up recurring transfers, and even set saving goals.

Option 2: Mobile App Banking

RBC’s Mobile App Banking offers all the same services as online banking but with the convenience of being accessible from your smartphone.

• RBC Enhanced Savings: This account is apt for committed savers. For a nominal monthly fee, you’ll get unlimited free transfers to other RBC accounts.
• RBC Day to Day Savings: Like online banking, this account is also accessible through the mobile app and is great for new savers.

The mobile app also offers budgeting tools and insights to keep you on track with your savings goals.

Option 3: Customer Service

Customer service via phone provides personalized assistance to help you navigate your banking needs and pick the right savings account.

• RBC U.S. High Interest eSavings: This account is ideal for those who frequently transact in U.S. dollars. Benefits include no monthly fee and free online transfers to other RBC accounts.
• RBC Leo’s Young Savers Account: A fun and exciting way to introduce children to saving, this account offers no monthly fees and unlimited free debits.

Customer service representatives are available 24/7 to answer your questions and guide you.

Conclusion

Ultimately, the decision on which RBC savings account is better hinges on your individual financial goals and the convenience you seek. Whether you prefer in-depth analysis using their online banking, the quick accessibility of mobile banking, or a personalized touch through customer service, RBC has a savings option for everyone.