Savings

Helping you save
money

Instant Access Savings Account

Our instant access savings accounts are a flexible way to save. They give you immediate access to your money and you have the flexibility to save a fixed amount each month or not. So if life gets in the way of your good intentions, you’re covered. Exclusive to our current account customers.

Instant Saver

Our free instant access savings account

  • Open this account with just £1
  • Immediate access to your money, whenever you need it
  • Awarded the 5-star Fairbanking mark with our Savings Goals tool for helping people manage their money better.  

Savings Builder

Get rewarded for saving regularly

  • Earn up to 1.50% AER/Gross p.a. (variable) when you grow your savings by £50 or more each month
  • Open this account with just £1
  • Immediate access to your money whenever you need it 

Premium Saver

Earn bonus interest on balances between £25,000 and £1 million

  • Leave your savings untouched to earn bonus interest
  • Immediate access to your money whenever you need it 

Cash ISAs

You can earn tax- free interest on your savings with a cash ISA.

Types of Cash ISAs

We offer two different types of cash ISA, so you’ll earn tax free interest no matter which one suits you best

  • Access your money instantly and earn tax-free interest on balances up to £20,000 (2018/2019) with our Instant Access ISA
  • Leave your savings untouched and fix your interest rate for 1 or 2 years with our Fixed Rate cash ISA

Fixed Term Savings Accounts

Help your savings grow by opening our Fixed Term Savings Account. You can choose to fix the interest rate for one or two years so you’ll know how much interest you will earn during that time.

Our Fixed Term Savings Account

  • Choose a one or two-year term – whatever suits you best
  • Have a clear idea of how much interest your savings will earn
  • Give us 35 days’ notice in writing if you need to access your money before your account matures. Early Closure Charge may apply

Children's Savings Accounts

Invest in their future and set them on the path to financial responsibility with one of our children’s savings accounts.

First Saver

Free, instant access savings account for children 16 and under 

  • Open this account with just £1
  • Access funds instantly, if you need them
  • Hold the account in trust for a child or in the child’s own name if they’re 7 or over
  • Get access to Pigby’s World of savings tips and a free pigbybank subject to availabilty 

Junior ISA

A stocks and shares ISA for children 16 and under 

  • Make tax-efficient investments up to £4,128 (2018/19) for your child
  • Account is held in your child’s name
  • Converts to an adult Stocks and Shares ISA when your child reaches 18
  • The value of this ISA may go up or down as it’s linked to shares 

Tools to streamline your savings

Use our savings tools to get a handle on what’s coming in, what’s going out and where you could save more.

Savings Goal Tool

Budget Calculator

Manage your existing savings account

At your savings hub, you can find out about your interest rate and when you’ll be paid your interest. You can use our tools and tips to help your savings grow. You can log in and manage your account, (including closing an instant access account). And you can learn about your personal savings allowance.    

Financial Services Compensation Scheme

Your eligible deposits with Royal Bank of Scotland are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Find out more about the scheme and how it protects your money.

Something else we can help you with?