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Savings rates


Useful Information

This page provides the current interest rates that apply to RBS savings accounts. 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

Information within this page


Interest rates for savings accounts

Interest rates for savings accounts no longer available to new customers



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.

Direct Saver


AmountAER% (Variable)Gross Rate % p.a. (Variable)Net Rate % p.a.
£1+1.00%1.00%0.80%

Interest paid annually.
Last updated on: 25 Jun 2012.

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Instant Saver


AmountAER% (Variable)Gross Rate % p.a. (Variable)Net Rate % p.a.
£100,000 +1.00%1.00%0.80%
£25,000 - £99,9990.70%0.70%0.56%
£1 - £24,9990.50%0.50%0.40%

Interest paid annually.
Last updated on: 5 Sep 2012.

Instant Access Savings Account


Annual Interest
AmountAER% (Variable)Gross Rate % p.a. (Variable)Net Rate % p.a.
£1 +0.10%0.10%0.08%

Interest paid annually.
Last updated on: 2 Jan 2009.

Offset Instant Access Savings Account (Monthly Interest)
AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.10%0.10%0.08%

Interest paid monthly.
Last updated on: 2 Jan 2009.

Rainbow Savings account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.50%0.50%0.40%

Interest paid annually.
Last updated on: 24 Jul 2009.

Instant Access Cash ISA


Including 1% Gross p.a. (fixed) bonus for 12 months for customers who opened account between 01 March 2012 and 31 May 2012

AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +2.82%3.00%N/A
£27,000 - £49,9992.72%2.90%N/A
£22,000 - £26,9992.57%2.75%N/A
£15,000 - £21,9991.77%1.95%N/A
£9,000 - £14,9991.57%1.75%N/A
£1 - £8,9991.37%1.55%N/A

Interest paid annually.
Last updated on: 26 Apr 2012.

AERs are calculated over a 365 day period. AER including bonus is based on earning the rate excluding bonus for 66 days (maximum period from account opening before bonus will be paid) and then earning the rate including 1% bonus for 299 days.

Annual Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +2.00%2.00%N/A
£27,000 - £49,9991.90%1.90%N/A
£22,000 - £26,9991.75%1.75%N/A
£15,000 - £21,9990.95%0.95%N/A
£9,000 - £14,9990.75%0.75%N/A
£1 - £8,9990.55%0.55%N/A

Interest paid annually.
Last updated on: 1 Apr 2009.

Annual Interest with 0.5% bonus
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +2.50%2.50%N/A
£27,000 - £49,9992.40%2.40%N/A
£22,000 - £26,9992.25%2.25%N/A
£15,000 - £21,9991.45%1.45%N/A
£9,000 - £14,9991.25%1.25%N/A
£1 - £8,9991.05%1.05%N/A

Interest paid annually.
Last updated on: 1 Apr 2009.

For customers who applied to transfer in funds between 01 February 2010 to 30 April 2010.

Special Interest Account rates


Combi Saver 'Environmental Strategy Index' (Issue 9) instant access element** - limited offer account
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months and all deposits after the first six months0.50%0.50%0.40%

Last updated on: 26 Apr 2009.

Fixed term commencing 08 October 2010

**This is the instant access element opened alongside a 3.5 year Fixed Term Deposit as part of the Combi Saver ‘Environmental Stratagey Index’ Issue 9 product. Combi Saver 'Environmental Strategy Index' is only available periodically to Private Banking customers and those we invite to open the account.
Combi Saver 'Multi Index' (Issue 8) instant access element** - limited offer account
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months and all deposits after the first six months0.50%0.50%0.40%

Last updated on: 26 Apr 2009.

Fixed term commencing 13 July 2010

**This is the instant access element opened alongside a 3.5 year Fixed Term Deposit as part of the Combi Saver ‘Multi Index’ Issue 8 product. Combi Saver 'Multi Index' is only available periodically to Private Banking customers and those we invite to open the account.
Combi Saver 'Green Edition' Issue 7 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months from the start date3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months from start date and all deposits after the first six months from the start date0.50%0.50%0.40%

Interest paid quarterly.
Last updated on: 1 Apr 2009.

Combi Saver 'Green Edition' Issue 6 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months from the start date3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months from start date and all deposits after the first six months from the start date0.50%0.50%0.40%

Interest paid quarterly.

Combi Saver 'Green Edition' Issue 5 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months from the start date3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months from start date and all deposits after the first six months from the start date0.50%0.50%0.40%

Interest paid quarterly.

Combi Saver 'Green Edition' Issue 4 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months from the start date3.50%3.45%2.76%
On balances over the amount invested in the Fixed Term Deposit in the first six months from start date and all deposits after the first six months from the start date0.50%0.50%0.40%

Interest paid quarterly.

Combi Saver 'Green Edition' Issue 3 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months from the start date3.50%3.46%2.77%
On balances over the amount invested in the Fixed Term Deposit in the first six months from start date and all deposits after the first six months from the start date1.00%1.00%0.80%

Interest paid quarterly.

Combi Saver 'Green Edition' Issue 2 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first year from the start date2.50%2.48%1.98%
On balances over the amount invested in the Fixed Term Deposit in the year from start date and all deposits after the first year from the start date0.50%0.50%0.40%

Interest paid quarterly.

Combi Saver 'Green Edition' Issue 1 'Special Instant Access Savings Account'*
AmountAERGross Rate % p.a.Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first year from the start date3.50%3.46%2.77%
On balances over the amount invested in the Fixed Term Deposit in the year from start date and all deposits after the first year from the start date0.50%0.50%0.40%

Interest paid quarterly.

Issue 6 Start Date: 21 December 2009
Issue 5 Start Date: 18 September 2009
Issue 4 Start Date: 10 July 2009
Issue 3 Start Date: 5 March 2009
Issue 2 Start Date: 22 December 2008
Issue 1 Start Date: 3 October 2008

* The Special Instant Access Savings Account is the instant access element of the Combi Saver 'Green Edition available periodically to Private Banking customers only. Interest rates are linked to Base Rate and will change in line with any Base Rate increases or decreases.

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e-ISA


Current interest rates applicable to all E-ISA customers (Excluding Bonus)

BalanceAER (variable)Gross Rate % p.a. (variable)
£30,000 +2.25%2.23%
£10,000 - £29,9992.00%1.98%
£0 - £9,9991.75%1.74%


Interest paid monthly
Note: Internet based account only.
Last updated 5 April 2013

Bonus 30 Account


Annual Interest excluding bonus *
AmountAERGross Rate % p.a.Net Rate % p.a.
£100,000 +0.30%0.30%0.24%
£1 - £99,9990.20%0.20%0.16%

Interest paid annually.
Last updated on: 24 Jul 2009.

Annual Interest including bonus *
AmountAERGross Rate % p.a.Net Rate % p.a.
£100,000 +1.30%1.30%1.04%
£1 - £99,9991.20%1.20%0.96%

Interest paid annually.
Last updated on: 2 Feb 2009.

*A bonus of 1.00% gross per annum is paid annually on the last business day of March (where you have made no more than 4 withdrawals during the annual period) and is calculated on the daily cleared credit balance for that annual period (starting on the last business day of March).

Private Banking Deposit Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1,000,000 +1.00%1.00%0.80%
£100,000 - £999,9990.55%0.55%0.44%
£50,000 - £99,9990.30%0.30%0.24%
£25,000 - £49,9990.20%0.20%0.16%
£10,000 - £24,9990.20%0.20%0.16%
£1 - £9,9990.20%0.20%0.16%

Interest paid monthly.
Last updated on: 2 Mar 2009.

Instant Savings Tracker


Excluding Conditional Bonus (Annual Interest)
AmountAERGross 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 - £49,9990.50%0.50%0.40%1.50%
£10,000 - £24,9990.25%0.25%0.20%1.75%
£5,000 - £9,9990.25%0.25%0.20%2.35%
£500 - £4,9990.10%0.10%0.08%2.60%
£1 - £4990.10%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.
Including 1.50% Conditional Bonus (Annual Interest)

Royalties Saver Account


Excluding any Conditional Bonus (Annual Interest)
AmountAERGross Rate % p.a.Net Rate % p.a.
£100,000 +1.20%1.20%0.96%
£50,000 - £99,9990.90%0.90%0.72%
£25,000 - £49,9990.70%0.70%0.56%
£2,000 - £24,9990.40%0.40%0.32%
£1 - £1,9990.10%0.10%0.08%

Interest paid annually.
Last updated on: 1 Apr 2009.

We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) annually at the end of March. This account is only available to Royalties Gold account holders.
Including 1% Conditional Bonus (on accounts opened between 12 July 2010 and 22 October 2010) (Annual Interest)
AmountAERGross Rate % p.a.Net Rate % p.a.
£100,000 +1.95%2.20%1.76%
£50,000 - £99,9991.65%1.90%1.52%
£25,000 - £49,9991.45%1.70%1.36%
£2,000 - £24,9991.15%1.40%1.12%
£1 - £1,9990.10%0.10%0.08%

Interest paid annually.
Last updated on: 12 Jul 2010.

A bonus equivalent to 1.00% Gross p.a is payable for the first nine months from account opening on accounts opened between 12 July 2010 and 22 October 2010. The bonus is only payable if a minimum balance of £2,000 is maintained for the first nine months after the account is opened. Bonus interest will be paid in two instalments at the end of March 2011 and March 2012, along with the standard interest payment. This limited period offer is now closed.

Royalties Private Saver


Excluding any Conditional Bonus (Monthly Interest)
AmountAER% (Variable)Gross Rate % p.a. (Variable)Net Rate % p.a.
£250,000 +1.40%1.39%1.11%
£100,000 - £249,9991.20%1.19%0.95%
£50,000 - £99,9990.99%0.99%0.79%
£25,000 - £49,9990.75%0.75%0.60%
£10,000 - £24,9990.50%0.50%0.40%
£1 - £9,9990.10%0.10%0.08%

Interest paid monthly.
Last updated on: 24 Jul 2009.

We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) every month.
Including 0.25% Conditional Bonus
AmountAER% (Variable)Gross Rate % p.a. (Variable)Net Rate % p.a.
£250,000 +1.65%1.64%1.31%
£100,000 - £249,9991.45%1.44%1.15%
£50,000 - £99,9991.25%1.24%0.99%
£25,000 - £49,9991.00%1.00%0.80%
£10,000 - £24,9990.75%0.75%0.60%
£1 - £9,9990.10%0.10%0.08%

Interest paid monthly.
Last updated on: 24 Jul 2009.

A conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.) is payable with your monthly interest, if you do not make any withdrawals and maintain a minimum balance of £10,000 in your account during that month.

Direct Saver Plus


Monthly interest excluding conditional bonus. Withdrawals made
AmountAERGross Rate % p.a.Net Rate % p.a.
£5,000 +0.50%0.50%0.40%
£1 - £4,9990.10%0.10%0.08%

Last updated on: 24 Jul 2009.

Monthly interest including conditional bonus. No withdrawals made*
AmountAERGross Rate % p.a.Net Rate % p.a.
£5,000 +2.75%2.72%2.18%
£1 - £4,9990.10%0.10%0.08%

Last updated on: 24 Jul 2009.

* The standard rate of interest of 0.50% Gross (variable) and the 12 month conditional bonus of 2.22% Gross p.a. (fixed) are paid only in months where you don't make any withdrawals and maintain a balance of £5,000 or more. If your balance falls below £5,000 you will earn the nominal rate of interest of 0.10% Gross (variable). Interest is calculated daily and paid on the last business day of each month. Interest rates are subject to variation.

Regular Saver


Interest paid at the end of term
AmountAERGross Rate % p.a.Net Rate % p.a.
£25 - £250 per month5.00%5.00%4.00%

Cash ISA Plus


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +2.00%2.00%N/A

Interest paid annually

Note: Account no longer available to new customers

Last updated on: 5 Apr 2013
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R15 Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.40%0.40%0.32%

Interest paid quarterly.

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Gold Deposit Account


Annual Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.10%0.10%0.08%

Quarterly Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.10%0.10%0.08%

30 Day Savings Account


Annual Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.10%0.10%0.08%
£25,000 - £49,9990.10%0.10%0.08%
£10,000 - £24,9990.10%0.10%0.08%
£5,000 - £9,9990.10%0.10%0.08%
£1 - £4,9990.10%0.10%0.08%

Monthly Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.10%0.10%0.08%
£25,000 - £49,9990.10%0.10%0.08%
£10,000 - £24,9990.10%0.10%0.08%
£5,000 - £9,9990.10%0.10%0.08%
£1 - £4,9990.10%0.10%0.08%

60 Day Savings Account


Annual Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.10%0.10%0.08%
£25,000 - £49,9990.10%0.10%0.08%
£1 - £24,9990.10%0.10%0.08%

Monthly Interest
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.10%0.10%0.08%
£25,000 - £49,9990.10%0.10%0.08%
£1 - £24,9990.10%0.10%0.08%

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Bonus 90 Account*


AmountAERGross Rate % p.a.Net Rate % p.a.
£100,000 +0.10%1.10%0.88%
£50,000 - £99,9990.10%1.10%0.88%
£25,000 - £49,9990.10%1.10%0.88%
£10,000 - £24,9990.10%1.10%0.88%
£1 - £9,9990.10%1.10%0.88%

Interest paid monthly.

* The gross and net rates quoted include a 1% gross p.a. (0.80% net p.a.) bonus. We calculate the bonus on a daily basis from the date of payment of the previous bonus (where you have made no withdrawals) or the date of the last withdrawal, whichever is more recent.

60 Day ISA


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.50%0.50%N/A

Interest paid annually.

Note: Account no longer available to new customers

Last updated on 5 April 2013

Cash ISA - TESSA Funds


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.50%0.50%N/A

Interest paid annually

Note: Account no longer available to new customers

Last updated on 5 April 2013

Savings Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1+0.10%0.10%0.08%

Interest paid annually.

Postal Plus Account / Phone Plus Account / Special Edition Savings Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.10%0.10%0.08%
£25,000 - £49,9990.10%0.10%0.08%
£1+0.10%0.10%0.08%

Interest paid annually.

Pensioner Fixed Rate Account


Issue 286
AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +4.07%4.00%3.20%
£25,000 - £49,9993.56%3.50%2.80%
£5,000 - £24,9993.04%3.00%2.40%

Last updated on: 2 Jan 2009.

Savings Accelerator Savings Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.20%0.20%0.16%

Interest paid quarterly.
Last updated on: 18 May 2009.

Primary Savings Account


AmountAERGross Rate % p.a.Net Rate % p.a.
£1 +0.10%0.10%0.08%

Interest paid monthly.
Last updated on: 28 Jul 2011.

Telephone Saver


AmountAERGross Rate % p.a.Net Rate % p.a.
£50,000 +0.65%0.65%0.52%
£10,000 - £49,9990.30%0.30%0.24%
£1 - £9,9990.10%0.10%0.08%

Interest paid annually.
Last updated on: 24 Jul 2009.

First Home Saver


Excluding Conditional Bonus (Annual Interest)
AmountAERGross 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 - £49,9990.50%0.50%0.40%1.50%
£10,000 - £24,9990.25%0.25%0.20%1.75%
£5,000 - £9,9990.25%0.25%0.20%2.35%
£500 - £4,9990.10%0.10%0.08%2.60%
£1 - £4990.10%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.
Including 1.50% Conditional Bonus (Annual Interest)
Tax-free Cashback
AmountCashback
Over £50,000£5000
Up to £50,000£2500
Up to £25,000£1000
Up to £10,000£500
£500 to £5,000£100

Cash back is paid provided the Terms and Conditions (PDF, 662KB) of the First Home Saver Account are met. The amount of cashback is based on the lowest savings balance in the 6 months before the mortgage is drawn down. It is exempt from tax as it falls within HM Revenue & Customs Statement of Practice SP4/97.

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