Minimum balance you need to get this rate for this account.
Minimum Balance
The amount of money you would like to put into this account.
Savings Amount
The value of your account invested at this interest rate over three years.
Savings After 3 Years
The maximum amount allowed for this account.
Maximum Balance
Total Balance: Interest is calculated on the total balance using this interest rate.
Portion of the Balance: Interest is calculated on a portion of the balance, typically on a tiered basis.
Interest Allocated To?
The monthly fee for this account.
Monthly Fees
How often the interest is compounded (Daily, Monthly, or Annually.)
Interest is Compounded
How often the accumulated interest is paid into the account. (Daily, Monthly, or Annually.)
Interest is Paid
The Canada Deposit Insurance Corporation (CDIC) will protect deposits made with member financial institutions in case of their failure.
CDIC Eligible/Insured
Indicates if there are cheques available with this account.
Cheques Available
Fees associated with paying a bill using this account from your branch.
Bill Payments (Branch)
Fees associated with paying a bill using this account online.
Bill Payments (Online)
Fees associated with receiving monthly paper statements.
Paper Statements
Fees associated with telephone banking transfers.
Telephone Banking
Fees associated with transferring your funds from one account to another with the same lender.
Same Lender
Fees associated with transferring your funds from one account to another with different lenders.
Different Lender
Fees associated with making a purchase using Interac.
Interac Purchase
More Details
The Royal Bank of Canada Tax Free Savings Account is a flexible investment account that can help you meet both your short- and long-term goals with unlimited free transactions.
About Royal Bank of Canada
RBC provides banking, wealth management services, insurance, corporate, investment banking and transaction processing services on a global basis. We employ approximately 77,000 employees who serve more than 18 million clients through offices in Canada, the U.S. and 53 other countries.
Maximize Your Savings. Whether you are just starting to save or have accumulated a substantial sum, we offer several great savings accounts to meet your needs. Choose from our high interest, tiered interest and basic savings accounts.
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