Savings Accounts Current Interest Rate - RBS

Manage your savings

Key facts

Instant Access Savings Accounts

Want to find out your interest rate, when is it paid or the minimum deposit required? The table below gives you an overview of our existing savings accounts. Please note that the interest rate is variable, so it can go up as well as down. 

Can't find your interest rate? Your account may no longer be on sale however we have a list of all accounts including previous rates.

RTE

Instant Saver

Instant Access ISA

First Saver

What is my interest rate?

£1 - £24,999 = 0.10 AER/Gross p.a. (variable)

£25,000 - £99,999 = 0.20%

£100,000 + = 0.25% AER/Gross p.a. (Variable)

£1 - £24,999 = 0.25% AER/Tax-free p.a. (variable)

£25,000 + = 0.75% AER/Tax-free p.a. (Variable)

£1 + = 0.75% AER/Gross p.a. (variable)

When is my interest paid?

First business day of each month

First business day in April

First business day of January, April, July and October 

How much do I need in my account to open it?

£1

£1

£1

Can I withdraw money from my account? Will I be penalised?

Unlimited

You can't pay in more than the annual ISA allowance, even if you make a withdrawal.

Unlimited (in branch only)

Note

- Tax free savings account

- For a basic rate taxpayer this means that for every £1 of interest earned you get to keep the full £1 rather than pay £0.20 in tax

- Accounts can be opened on behalf of a child or in their own name if aged over 7 (and with consent of a parent or guardian)

- If the account is held by an adult in trust for a child, the child will become entitled to the funds when they reach age 16 if your address is in Scotland, or 18 if your address is elsewhere

Key definitions

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of basic rate income tax.

Tax Free. Tax-free interest means interest payable is exempt from UK income tax.

Fixed Rate Savings Accounts

If you have a Fixed Terms Savings Account or Fixed Rate ISA you can find our current rates below or you can find your interest rate on your Certificate of Deposit. You will have been sent this shortly after the Start Date.

RTE

Fixed Rate ISA

Fixed Term Savings

What is my interest rate?

Interest Rate varies depending on when you open your account. View our current rates.

Interest Rate varies depending on when you open your account. View our current rates.

When is my interest period?

Interest is paid annually on first business day in April and upon maturity.

Interest is paid monthly on the first business day.

How much do I need in my account to open it?

£1,000

£5,000

Can I withdrawal money from my account? Will I be penalised?

Partial withdrawals are not permitted. Early closure will result in an Early Closure Charge.

Partial withdrawals are not permitted. Early closure will result in an Early Closure Charge.

Note

You are not able to add additional funds after your Start Date. Refer to your Information Sheet for details.

You can withdraw funds or even make further payments until the business day before the Fixed Term Start Date.

Fixed Rate Savings Accounts Misplaced your Certificate of Deposit?

You will have been sent your Certificate of Deposit shortly after the Start Date. If you have misplaced your Certificate of Deposit and would like to order a replacement please call us or go into your local branch.

Royal Bank of Scotland Branch Locator
Find your nearest branch using our branch locator.

Telephone Banking
Personal Customers - 03457 242424 (Overseas +44 131 5498888)
Business Customers - 0345 6002230 (Overseas +44 131 5498888)
Minicom: 0800 404 6160
Open 24 hours a day.
Calls may be recorded.
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