In this blog, we review the high interest savings accounts of different banks from time to time to give readers a good idea of what to expect as returns in any kind of environment. In this series of high yield savings accounts review, we will look into the features and rates of RBC Bank.

RBC Bank has a big presence in south-eastern United States. It started off as a small community bank in North Carolina and since then expanded its operations to six states in the southeastern part of United States with its headquarters in Raleigh, NC. This bank offers many kinds of banking products like savings accounts, CDs, money market rates, mortgages and personal loans. There are many features that come with each product and today we will turn our focus to RBC Bank Savings account rates.

The personal savings account at RBC helps you to achieve many goals – be it funding for college, dream vacation or even holiday gift giving. They make it easy to open an account and to manage them online. There is a minimum opening deposit of $100 and every accounts comes with a monthly maintenance fee. This fee is waived for people under 18 years or those over 65 years of age. For the others, a daily minimum balance of $300 is required to avoid the monthly fee of $5. It is easy to even fund the account directly from your checking account. You can set up monthly transfers or do it manually.

The current savings account rates at RBC Bank are 0.10% APY for all balances. These RBC savings account rates are competitive and this makes them popular.