Instant Access Savings Account


Immediate access to savings


This could be the perfect account if you want to start saving. It's simple to use - and with our 'monthly sweep' you can make use of any spare cash in your current account. 


  • Instant access - your money is there when you need it, with unlimited free withdrawals
  • Start with just £50 - with a low opening balance, it's easy to start saving. Or instead, you can start by setting up a Standing Order of £20 or more
  • Extra interest with Royalties - earn an extra interest bonus if you have a Royalties, Royalties Gold or Royalties Premier current account
  • Manage your money - bank online, by telephone and in-branch. Plus withdraw money at any cash machine where you see the Cirrus symbol
  • Save on your mortgage - use your Instant Access Savings account balance to save money with our Offset mortgage. Remember - you won't earn any interest on your savings if you offset

  • Interest is calculated daily and paid annually. Interest rates are variable

    For offset account the interest rate is calculated daily and paid monthly

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 access savings 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
AmountGross Rate % p.a.AER% (variable)Net Rate % p.a.
Instant Access Savings Account (Annual Interest)
£1 +0.200.200.16

Last updated on 02 January 2009

Offset Instant Access Savings Account (Monthly Interest)
£1 +0.200.200.16

Last updated on 02 January 2009


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.

back to top

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 £50,000 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