Direct Saver

Online account offering from 1.00% AER/Gross (variable)

Tiered interest rates – the more you save the more you could earn
Instant access to your money 24/7
No minimum balance, no penalties and no withdrawal charges
Easy to manage with Digital Banking
Manage your savings on the move with our new iPhone and iPad apps
Yearly interest paid directly into your account

Find out more

Opening an Direct Saver account

To ensure we get your account set up as quickly as possible please answer the following questions:

Are you a UK National and resident in the UK? Yes No

Important information - please read before you apply

You need to be aged 18 or over and permanently resident in the UK to open an account.
Important information if you're considering opening an account in England or Wales.

Please save and/or print the following documents:

By clicking "Continue" I confirm I have saved and/or printed these documents

Please make a selection

When did you start living at your current address? (MM YYYY)

Try to be as accurate as possible, but don't worry if you can't remember the exact month.

Important information - please read before you apply

You need to be aged 18 or over and permanently resident in the UK to open an account.
Important information if you're considering opening an account in England or Wales.

Please save and/or print the following documents:

By clicking "Continue" I confirm I have saved and/or printed these documents

Please make a selection

Not the right account for you?

Take a look at our other instant access savings accounts

More on the features and benefits of the Direct Saver account

From 1.00% AER/Gross (variable)

And up to 1.5% AER/Gross (variable) when your balance is £50,000 or more

There’s no minimum balance with a Direct Saver account – you can start saving from just £1. When you save more you can earn a higher interest rate – up to 1.5% AER/Gross (variable) when your account balance is £50,000 or more

Amount	AER (variable)	Gross Rate p.a	Net Rate p.a
£50,000+	1.50%	1.50%	1.20%
£25,000 - £49,999	1.20%	1.20%	0.96%
£10,000 - £24,999	1.10%	1.10%	0.88%
£1 - £9,999	1.00%	1.00%	0.80%

Last updated on: 2 Mar 2009.

Yearly interest

We pay interest on your account balance every year, and it’s paid straight into your account.

Monthly interest

We pay interest on your account balance every month, and it’s paid straight into your account.

Instant access 24/7

With no penalties or withdrawal charges

With Digital Banking, you can make withdrawals whenever you want – including evenings and weekends.

You can withdraw some or all of your savings at any time. If you pay it into another RBS account your money will be transferred immediately. If you make a transfer to a non-RBS account it may take a little longer.

Digital and mobile banking

Manage your savings online and on the move with our new iPhone and iPad apps

Our Digital Banking service helps you:

Stay in control- online banking with your Direct Saver account makes looking after your money even easier
Bank when it suits you- day and night, you can do your banking whenever it suits you
Transfer money- make instant transfers to any RBS account - and transfer money to any other UK bank account
Stay safe- with free security software, card readers and secure servers, we're working hard to beat the fraudsters

Mobile banking

Our free mobile phone banking service keeps you up to date with your savings when you’re out and about – including balance updates and mini statements. Network charges may apply.

Mobile banking on your iPhone and iPad

If you use Digital Banking, you can download our free iPhone and iPad apps and:

Transfer funds between your RBS accounts
Check your balance and recent transactions
Set up alerts to help you manage your money
Top-up your pay-as-you-go mobile
Use our branch and cash machine locator

Eligibility

To use our iPhone and iPad apps you need to be an RBS customer who is registered for Online Banking, have a RBS personal account with a debit card, be over age 16 and have a mainland UK mobile number starting 07.

Set up a regular savings plan

And watch your savings grow each month

With a Direct Saver account you can save as much or as little as you want every month. You can even pay in lump sums or take a break from saving for a while if you have other commitments – it’s up to you.

Save every month – set up a regular transfer from another RBS account. You decide how much to pay in and when, and you can change this whenever you like
Set up a standing order – and make regular payments from an account with another bank
Make one-off savings – if you find yourself with an unexpected windfall – such as a bonus or gift

Once you’ve started saving you’ll find it’s a habit that’s hard to break.

Track your savings goal

It’s easy to plan your savings with RBS

Saving for a new car, dream holiday or a house deposit? Whatever you’re saving for, you can keep an eye on how you’re doing when you bank online.

With our online savings tracker, you decide how much money you need and when you need it. You can then select a savings plan that helps you meet your goal – every time you log in to Digital Banking you’ll be able to see your progress.

And if you have a joint Direct Saver account you can share your savings goal with the other person, so you can both see how your savings are growing.

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