Tell me moreTax efficient savings
Instant accounts
Notice accounts & bonds
Guides
Useful Information
Telephone Saver
Take advantage of our new telephone based savings account
Manage your savings over the telephone with our new Telephone Saver.
- Manage your account at your convenience- keep track of your money 24/7 through our telephone and online banking services
- Instant access- transfer your money instantly between RBS accounts and you're not charged for any withdrawals
- Tiered interest rates- the more you save, the more interest you can earn. See the interest rates
- Start with just £1- making it easy to start the saving habit
- Make regular deposits- a monthly Standing Order helps to build your savings
- Money transferred instantly- to your other RBS accounts
- Interest calculated daily- and paid annually at the end of March
- Set up and track your own personal savings goals - through Digital Banking
| Amount | Gross Rate % p.a. | AER% (variable) | Net Rate % p.a. |
|---|---|---|---|
| Telephone Saver | |||
| £50,000 + | 0.65 | 0.65 | 0.52 |
| £10,000 - £49,999 | 0.30 | 0.30 | 0.24 |
| £1 - £9,999 | 0.10 | 0.10 | 0.08 |
Last updated on 01 April 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.
Your account will be held at The Royal Bank of Scotland, E-MTA and Savings, 5th Floor, Tay House, 300 Bath Street, Glasgow, G2 4RS
Deposits from an account at other UK banks or building societies will normally be in your Telephone Saver account in 3 working days after we receive transfer instructions and available for withdrawal after 6 working days. The Direct Deposit transaction limit is £100,000.
Withdrawals to an account at other UK banks or building societies will normally reach the payee's account in 3 working days. The direct payment daily limit is £10,000.
New customers will be asked to provide proof of identity including verification of signature.
Interest is paid gross or net of the lower rate of Income Tax depending on your tax position.
System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.
- Apply online for this account
- Please also read our website terms and conditions which cover your use of this website