RBC Cash Plus Interest Rates

Rates as of April 1, 2024

Value of Total Bank Sweep Balances(2,3)

AUA less than $10MM

Deposit balanceAPY(1)
$5 million and above5.22%
$2 million – $4.99 million4.85%
$1 million – $1.99 million3.04%
$500,000 – $999,9992.02%
$250,000 – $499,9991.71%
$100,000 – $249,9991.46%
$0 – $99,9991.11%

AUA more than $10MM

Deposit balanceAPY(1)
$5 million and above5.38%
$2 million – $4.99 million5.22%
$1 million – $1.99 million5.22%
$500,000 – $999,9995.22%
$250,000 – $499,9995.22%
$100,000 – $249,9995.22%
$0 – $99,9995.22%
  • 1 Annual Percentage Yield (APY) is variable and subject to change at any time without notice
  • 2 Interest rate tiers are based upon value of total deposit balances (“Total Bank Sweep Balances”) in your household. For more information on how household and Total Bank Sweep Balance(s) are determined, please see the RBC Cash Plus Terms and Conditions.
  • 3 Employees of RBC Capital Markets and its affiliates who hold Accounts at RBC Capital Markets, LLC are eligible for the highest interest rate tier of RBC Cash Plus.

RBC Cash Plus (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Deposit Accounts”) at the RBC Three World Financial Center Branch (the Branch) located in New York, a U.S. branch of Royal Bank of Canada, a Canadian bank. Funds on deposit at the Branch are not insured by the Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC) or any governmental agency of the United States, Canada or any other jurisdiction. The Deposit Accounts are obligations of the Branch only, and are not obligations of RBC Capital Markets, LLC, or any of its affiliates or its business divisions, including RBC Wealth Management. The payment of principal and interest on Deposit Accounts at the Branch is subject to the creditworthiness of Royal Bank of Canada. In the event of the failure of the Branch, clients participating in the Program will become general unsecured creditors of Royal Bank of Canada. It is possible to lose money by holding deposits in this Program.

In determining household assets and Total Bank Sweep Balance values, RBC Wealth Management looks at multiple pieces of client information, including street address, tax ID, last name, telephone number, zip code and account type to determine which accounts belong together. RBC Wealth Management reserves the right to modify how it links household accounts and the right to amend the definition of eligible assets.

Deposit Accounts will earn the interest rate based on the total assets across all accounts within your household, as well as total balances of all Deposit Accounts within your household held in the RBC Insured Deposits and RBC Cash Plus cash sweep Programs. Interest rates/APY (Annual Percentage Yield) are subject to change without notice.

For more information, see our Cash Sweep Program Overview.

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.