RBC Insured Deposits Bank List and Interest Rates

Participating Banks

Click here for the RBC Insured Deposits Bank List.

Interest Rates

As of December 1, 2023

RBC Insured Deposits BalancesAPY 1
Below $100,0000.85%

Interest rates are determined based on the total client account RBC Insured Deposits balance. Balances are reviewed daily to determine the appropriate interest rate tier for each account.

1 APY = Annual Percentage Yield. At the discretion of RBC Capital Markets, LLC, interest rates may change at any time without notice.


RBC Insured Deposits 1

Through relationships with affiliate and non-affiliate banks, RBC Insured Deposits sweeps cash from your investment account into interest-bearing deposit accounts established for you by RBC Capital Markets, LLC at one or more banks insured by the Federal Deposit Insurance Corporation (FDIC).

1 Availability is subject to certain restrictions. RBC Insured Deposits is designed to provide up to $5 million in FDIC insurance coverage per depositor in each insurable ownership capacity. Each deposit account constitutes a direct obligation of the program bank and is not directly or indirectly an obligation of RBC Capital Markets, LLC. More information regarding FDIC insurance is available at www.fdic.gov

You can view the current program interest rates and the list of banks currently in the program by selecting Program Interest Rates and Tiers and Program Banks. For more information, please review the RBC Insured Deposits Program Terms and Conditions

Investment and insurance products offered through RBC Capital Markets, LLC 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.