Royalties Gold

For the third year running, the independent financial research company Defaqto gave Royalties Gold their 5 Star rating for product features, benefits and charges (February 2011).

• Everyday banking - all the features you'd expect from an RBS current
  account including online banking apps for iPhone, iPad, BlackBerry and Android.

• Travel - 5 Star Defaqto rated UK & worldwide multi-trip travel insurance and holiday discounts.
  
• Protection - mobile phone insurance, car breakdown cover, Sentinel® Protection lost and stolen card assistance and extended warranty
• Entertainment - Save on your food and drinks bill with our discounted dining service and enjoy discounts at selected UK attractions and activities.
• Banking - from time to time we will make you aware of banking offers you may be able to take advantage of.
  
  
• The monthly fee for the Royalties Gold current account is £12.95.
  
  

Royalties Gold Service Guide (PDF, 519KB)

• All the essentials for day-to-day banking - you get a Visa debit card, standing order and Direct Debit facilities, 24-hour UK-based call centres, online and mobile banking, emergency cash, fraud alerts, overdraft facility - the list goes on.
• Overdraft (subject to eligibility) - extra breathing space for your finances. Over 18s only.
• Mobile and text banking - sign up for text alerts and use our free app for iPhone, iPad, BlackBerry and Android to check your balance, transfer funds and find cash machines when you’re out and about. Standard network charges may apply.
• Online banking - relax and do more with your money from work or home with our online banking service. Paperless statements, online support 24/7, and our online security promise means your money’s in safe hands.
• Fraud and activity alerts - if there’s any unusual or suspicious activity on your account, we’ll always call, email or text you to check it out. It’s all part of the service.
• Emergency cash - don’t miss out if you lose your card. As long as you’ve at least £25 available in your account, we’ll give you an emergency code to withdraw up to £300 of your money if you’re an online or telephone banking customer and up to £60 if you’re not, until your new card arrives.

• 5 Star Defaqto UK & Worldwide multi-trip travel insurance - cover for you, your spouse or partner and children aged 18 or under if they are unmarried (or aged 23 or under if in full-time education), permanently residing with the account holder (children are only covered when travelling with an adult insured under this Policy). Members and their partners aged 70 years and over must pay an additional annual premium of £50. Full Terms and Conditions apply.
• Travel Service – up to 10% off - selected holidays, hotels and flights when you book through Royalties Membership Services.
• UK airport executive lounges - complimentary access to selected UK lounges, including Heathrow, Gatwick, Manchester, Edinburgh and Glasgow. Available when you book travel through Royalties Travel Booking Service.

• Car breakdown cover - Relax in the knowledge that Green Flag are there to help if your car breaks down. Can't start your car in the morning or broken down near home? HomeCall comes as standard. Your cover is for all vehicles owned by you and kept at your home address.
• Mobile Phone Insurance – Covers loss, theft and accidental/malicious damage of handsets up to the original retail value (excluding additional embellishments). You're also covered for unauthorised use up to £2,500 (including VAT) per claim for monthly contract phones and £100 (including VAT) per claim for pay-as-you-go.
• Extended warranty - get an extra two years' cover on domestic electrical goods when purchased in full, in one transaction, using a Royal Bank credit, debit or cheque guarantee card.
• Sentinel® Protection Lost and Stolen Card Assistance - cover for cash that is lost or stolen with your card, lost or stolen personal belongings and costs involved in dealing with and reporting an incident.

• 700 UK restaurants for 25% less - save on your food and drinks bill when you book through Royalties Membership Services or online.
• Days out for less - discounts at big name UK attractions and activities.

• Banking offers - From time to time we will make you aware of promotional banking offers in branch and online which you may be able to take advantage of.
• Travel money - Preferential exchange rates and complimentary delivery on commission-free travel currency - when you order through Royalties Membership Services.
• Overdraft - you'll pay no arrangement or renewal fees on overdrafts up to £15,000; you’ll pay no interest on agreed overdraft up to £250 (Interest Free Threshold) and you’ll receive a preferential overdraft rate of 19.24% EAR.
  
  Representative Example:
  Overdraft Limit: £1,200
  Arrangement Fee: £0
  Interest Rate: 19.24% EAR
• Tailored rates - get tailored rates on your credit card and personal loans for Royalties Gold.
• Tailored credit card rate - Royalties Gold customers will get an initial 1% discount on their APR for at least 12 months. Rates variable. Monthly fee for Royalties Gold account is £12.95. Representative 16.9% APR (variable). Find out more about our credit cards.

Financial Services Compensation Scheme

Your eligible deposits with the Royal Bank of Scotland Plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Royal Bank of Scotland, Direct Line, the One Account, Child & Co, Drummonds and Holt's.

Any total deposits you hold above the £85,000 limit between these brands are not covered.

View further information (PDF, 515KB) or visit www.fscs.org.uk

This page provides a summary of the rates and charges that apply to RBS current accounts.

• RBS Personal & Private Current Account Terms; Personal & Private Current Account Fees & Interest Rates; Helping you get the most from your Personal & Private RBS Current Account (PDF, 636KB)



• Royalties Gold Account Insurance Policy Summaries (includes Keyfacts about our insurance services) (PDF, 296KB)

Throughout this page, you'll see various terms being used. Here's what they mean:

• Annual Equivalent Rate (AER) - this is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
• Effective Annual Rate of Interest (EAR) - this is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
• Gross Rate - this means the interest rate you are paid before the deduction of income tax.
• Net Rate - this means the interest rate you are paid after the deduction of income tax.
• Nominal Rate - the rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
• p.a. - per annum (per year).

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Monthly account fees are payable on the following accounts. Account includes access to all the benefits listed in the appropriate brochures and user guides.

Application of account fees

The monthly account fees will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as “CHG”. The charging period normally ends on the date that we send your statement to you.

Interest we pay you

The annual rates of interest paid on credit balances are as follows:

The following rates are effective from 22/09/2010

Historic Credit Interest Rates

The previous rates were effective from 02/10/06

Calculation and application of interest

Interest is calculated on a daily basis and paid into your account once a month, usually the day after we send your statement to you.

Interest due on arranged overdrafts

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest. If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance – please note that this includes the part of the balance which is within any interest free threshold that applies to your account.

Interest free thresholds

Royalties Gold £250

The following rates are effective from 02/08/10

Previous rates

The following previous rates were effective from 28/04/08

However, we will not charge interest on any part of the overdrawn balance which is an unarranged overdraft or represents fees, charges or costs of the kind described below under the heading Sums which do not bear interest.

Unarranged overdrafts

With effect from 01 February 2011, we no longer charge debit interest on unarranged overdrafts.

Previous Rates

The following previous rates were effective from 02/08/10 until 31/01/11

Calculation and application of interest

Interest on arranged overdrafts is calculated on a daily basis and charged monthly. The interest we charge in each charging period will be debited from your account 16 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. If we are going to debit interest from your account, we will give you not less than 14 days’ notice of how much we are going to debit and when.

Sums which do not bear interest

We do not charge interest on unarranged overdrafts. Nor do we charge interest on any part of an arranged overdraft which represents a Returned Item Fee or Unarranged Overdraft Fee (see our leaflet RBS Personal & Private Current Account Terms; Personal & Private Current Account Fees & Interest Rates; Helping you get the most from your Personal & Private RBS Current Account (PDF) for details of these charges).

Act Now Alerts

Our Act Now Alerts can help you stay in control and minimise or even avoid fees for unarranged overdrafts and returned items. They specify the time by which you should credit your account with cleared funds to cover all payments and/or to bring your account back into credit. Find out more about Act Now Alerts.

If we are going to charge you an Unarranged Overdraft Fee and/or a Returned Item Fee, we will give you not less than 14 days’ notice of how much we are going to charge you and when.

Unarranged Overdraft Fee

An Unarranged Overdraft Fee will be charged for each day on which there is an unarranged overdraft of greater than £6 on your account at close of business on that day.

Please note: we will only charge an Unarranged Overdraft Fee for a non-business day (i.e. a Saturday, Sunday or Bank Holiday) if there is an unarranged overdraft of greater than £6 owing on your account at close of business on the first following business day.

When charged

16 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you.

Fee Amount

£6 for each day for which an Unarranged Overdraft Fee is payable

Returned Item Fee

A Returned Item Fee will be charged if:

• you informally request an unarranged overdraft by issuing instructions for a withdrawal or other payment; and
• the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and
• we decide in our discretion not to make the payment.

When charged

16 days after the end of the charging period in which we decide not to make the payment (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you.

Fee amount

£6 for each returned item (subject to a maximum of £60 in any charging period).

Making an informal request for an unarranged overdraft means you will normally have to pay a Returned Item Fee and/or an Unarranged Overdraft Fee. Please note that it is possible to incur both a Returned Item Fee and an Unarranged Overdraft Fee on your account on the same day or as a result of a single transaction (for example, where we take a Returned Item Fee from your account and this creates an unarranged overdraft of greater than £6 on your account). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Returned Items in our leaflet How to make the most of your account (PDF, 490KB).

Important Information

Credit facilities

Over 18s only.

Royalties Gold Sentinel® Lost and Stolen Card Assistance and Extended Warranty

Royalties Membership Services is operated by Affinion International Limited acting as agents for the Royal Bank of Scotland plc.

Sentinel® Lost and Stolen Card Assistance is a trading name and registered trademark of Affinion International Limited. Registered address: Charter Court, 50 Windsor Road, Slough, SL1 2EJ, United Kingdom. Registered in England No. 1008797. Affinion International Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Affinion acts as an intermediary for arranging the insurance and provides the administration of the card registration and associated services.

Sentinel® Lost and Stolen Card Assistance and Extended Warranty are underwritten by Allianz Insurance plc Registered in England No. 84638. Registered Office: 57 Ladymead, Guildford, Surrey, GU1 1DB, United Kingdom. Branch Address: Allianz Schemes, 6 Vale Avenue, Tunbridge Wells, TN1 1EH, United Kingdom. Allianz Insurance plc is authorised and regulated by the Financial Services Authority (FSA). Their authorisation can be confirmed by the FSA by calling 0845 606 1234 or at www.fsa.gov.uk. Their FSA registration number is 121849.

Royalties Gold Sentinel® Lost and Stolen Card Assistance and Extended Warranty are subject to Terms and Conditions, a copy of which is available online on the below link.

The Royal Bank of Scotland plc.
Registered Office: 36 St. Andrew Square, Edinburgh EH2 2YB
Registered in Scotland No. 90312.

• Download the full terms and conditions which apply to this account.