RBC Insured Deposits Interest Rates

Rates as of Feb 1, 2025

Value of Total Bank Sweep Balances^(2,3)

AUA less than $10MM

Deposit balance	APY(1)
$5 million and above	4.07%
$2 million – $4.99 million	2.53%
$1 million – $1.99 million	1.51%
$500,000 – $999,999	0.50%
$250,000 – $499,999	0.40%
$100,000 – $249,999	0.25%
$0 – $99,999	0.25%

AUA more than $10MM

Deposit balance	APY(1)
$5 million and above	4.18%
$2 million – $4.99 million	4.07%
$1 million – $1.99 million	4.07%
$500,000 – $999,999	4.07%
$250,000 – $499,999	4.07%
$100,000 – $249,999	4.07%
$0 – $99,999	4.07%

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 Insured Deposits 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 Insured Deposits.

RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps uninvested cash balances in clients’ accounts into interest-bearing deposit accounts (“Deposit Accounts”) with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits and subject to certain requirements. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each Deposit Account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Wealth Management, which is not an FDIC-insured depository institution. Click here for a list of Program Banks. More information regarding FDIC insurance is available at www.fdic.gov.

RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit are invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). For retirement accounts, balances in excess of the Deposit Limit are invested in an unaffiliated money market fund. Money market mutual fund investments are not insured by the FDIC or any government agency; they are instead covered by SIPC.

In determining household 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.

For more information, see our Cash Sweep Program Overview.