Instant Savings Tracker

Savings with a base rate guarantee

Benefit from an additional 2% gross p.a interest bonus for 3 months, when you open an account between 23 June and 6 September 2008.


  • Guaranteed to track the Bank of England base rate - by a set percentage until 01 February 2009, so you know your savings will grow in line with any changes in the base rate
  • Three free withdrawals per quarter - and further withdrawals cost just £1.50 each
  • Tiered interest rates - the more you save, the more interest you can earn. See the interest rates
  • Make regular deposits - a monthly Standing Order helps to build your savings
  • Manage your money - bank online, by telephone and in-branch. Plus withdraw money at any cash machine where you see the Cirrus symbol
  • Interest is calculated daily and paid annually. Interest rates are variable

Monthly sweep - put your extra money to work

How does it work? Just tell us the date when you'd like us to sweep your Royal Bank of Scotland current account - and we'll put the spare money into your Instant Savings Tracker Account.

Worried about being caught short for cash? There's no need - you can decide on the minimum amount you'd like to stay in your current account after each sweep.

back to top
back to top

Instant Savings Tracker (Annual Interest) Including 2% Bonus

AmountGross Rate % p.a.AER%Net Rate % p.a.Tracking Rate -% below Bank of England Base Rate
£50,000 +5.754.254.601.25
£25,000 - £49,9995.504.004.401.50
£10,000 - £24,9995.253.754.201.75
£5,000 - £9,9994.653.153.722.35
£500 - £4,9994.402.903.522.60
£1 - £499N/AN/AN/An/a
An additional 2% gross p.a. bonus is payable for the first 3 months the account is opened on accounts opened between 23 June and 6 September 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid at the end of March 2009.

Instant Savings Tracker (Annual Interest) Excluding 2% Bonus

AmountGross Rate % p.a.AER%Net Rate % p.a.Tracking Rate -% below Bank of England Base Rate
£50,000 +3.753.753.001.25
£25,000 - £49,9993.503.502.801.50
£10,000 - £24,9993.253.252.601.75
£5,000 - £9,9992.652.652.122.35
£500 - £4,9992.402.401.922.60
£1 - £4991.901.901.52n/a
We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.

Gross rate - is the interest rate paid before the deduction of tax.

Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.

Net Rate - is the interest rate paid after deduction of tax.

New customers will be asked to provide proof of identity including verification of address.

System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.

The Financial Services Compensation Scheme, set up under the Financial Services and Markets Act 2000, covers your account. For money held in a bank or building society in the UK the scheme will cover up to £35,000 of your claim. Most people who make deposits, including individuals and small firms, are covered. Deposits in all currencies are treated the same. For more information on the conditions of the scheme, please contact the FSCS at www.fscs.org.uk.

back to top