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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 February 2010.
- 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 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.
Instant Savings Tracker (Annual Interest) Excluding conditional bonus
| Amount | Gross Rate % p.a. | AER% (variable) | 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 |
| 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 February 2010. 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. ^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. Last updated on 24 July 2009 | ||||
Instant Savings Tracker (Annual Interest) Including 1.50% conditional bonus
| Amount | Gross Rate % p.a. (including conditional bonus) | AER% (variable - including conditional bonus) | Net Rate % p.a. (including conditional bonus) | Tracking Rate -% below Bank of England Base Rate^ |
|---|---|---|---|---|
| £50,000 + | 2.00 | 1.25 | 1.60 | 1.25 |
| £25,000 - £49,999 | 2.00 | 1.25 | 1.60 | 1.50 |
| £10,000 - £24,999 | 1.75 | 1.00 | 1.40 | 1.75 |
| £5,000 - £9,999 | 1.75 | 1.00 | 1.40 | 1.75 |
| £500 - £4,999 | 1.60 | 0.85 | 1.28 | 2.35 |
| £1 - £499 | 0.10 | 0.10 | 0.08 | n/a |
| 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. A bonus equivalent to 1.50% gross p.a. is payable for the first six months from account opening on accounts opened from 18 December 2008 until 21 February 2009. The bonus is only applicable on minimum balances of £500 or more and will be paid in two instalments at the end of March 2009 and March 2010, along with the standard interest payment. AERs including conditional bonus have been calculated from the start date of the bonus. ^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. Last updated on 24 July 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.
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