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Instant Savings Tracker
Savings with a base rate guarantee
With Instant Savings Tracker, your interest rate is guaranteed not to go lower than a set percentage below the Bank of England base rate until 3 August 2011.
- 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 wherever you see the logo shown on your card
- Interest is calculated daily and paid annually. Interest rates are variable
- Set up and track your own personal savings goals - through Digital Banking
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.
This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.
Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.
Current savings rates
Instant Savings Tracker
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. | Tracking Rate -% below Bank of England Base Rate^ |
|---|---|---|---|---|
| £50,000 + | 0.50% | 0.50% | 0.40% | 1.25% |
| £25,000 - £49,999 | 0.50% | 0.50% | 0.40% | 1.50% |
| £10,000 - £24,999 | 0.25% | 0.25% | 0.20% | 1.75% |
| £5,000 - £9,999 | 0.25% | 0.25% | 0.20% | 2.35% |
| £500 - £4,999 | 0.10% | 0.10% | 0.08% | 2.60% |
| £1 - £499 | 0.10% | 0.10% | 0.08% | N/A |
Interest paid annually.
Last updated on: 2 Jan 2009.
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 3 August 2011.
Our Tracking Rates apply to all accounts with balances of £500 or more until the level of Bank of England Base Rate is such that no credit interest would be payable. In these circumstances the rates as outlined in column 1 (Gross Rate p.a./AER %) will be applied.
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the interest would be if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
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.
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.
- Apply online for this account
- Please also read our website terms and conditions which cover your use of this website