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Savings - previous rates
Savings rates
This page provides the previous interest rates that apply to RBS savings account. We have a separate page for current 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
- Fixed Rate ISAs (Issues 42, 43 and 44)
(PDF, 96KB) - Direct Saver Plus
- Cash ISA Plus
- R15 Account
- Gold Deposit Account
- 30 Day Savings Account
- 60 Day Savings Account
- 60 Day ISA
- Bonus 90 Account
- Cash ISA - TESSA Funds
- Savings Account
- Postal Plus Account / Phone Plus Account / Special Edition Savings Account
- Pensioner Fixed Rate Account
- Telephone Saver
- First Home Saver
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
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 1.50% | 1.50% | 1.20% |
| £25,000 - £49,999 | 1.30% | 1.30% | 1.04% |
| £10,000 - £24,999 | 1.15% | 1.15% | 0.92% |
| £1 - £9,999 | 0.90% | 0.90% | 0.72% |
Interest paid annually.
Last updated on: 2 Feb 2009.
Bonus 30 Account
Annual Interest excluding bonus *
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £100,000 + | 0.20% | 0.20% | 0.16% |
| £1 - £99,999 | 1.20% | 0.20% | 0.16% |
Interest paid annually.
Last updated on: 2 Feb 2009.
Annual Interest including bonus *
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £100,000 + | 0.20% | 1.20% | 0.96% |
| £1 - £99,999 | 0.20% | 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
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1,000,000 + | 1.50% | 1.49% | 1.19% |
| £100,000 - £999,999 | 1.04% | 1.04% | 0.83% |
| £50,000 - £99,999 | 0.80% | 0.80% | 0.64% |
| £25,000 - £49,999 | 0.55% | 0.55% | 0.44% |
| £10,000 - £24,999 | 0.30% | 0.30% | 0.24% |
| £1 - £9,999 | 0.20% | 0.20% | 0.16% |
Interest paid monthly.
Last updated on: 2 Mar 2009.
Instant Access Savings Account
Annual Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.20% | 0.20% | 0.16% |
Interest paid annually.
Last updated on: 2 Jan 2009.
Offset Instant Access Savings Account (Monthly Interest)
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.20% | 0.20% | 0.16% |
Interest paid monthly.
Last updated on: 2 Jan 2009.
Instant Savings Tracker
Excluding Conditional Bonus (Annual Interest)
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. | Tracking Rate -% below Bank of England Base Rate^ |
|---|---|---|---|---|
| £50,000 + | 0.75% | 0.75% | 0.60% | N/A |
| £25,000 - £49,999 | 0.50% | 0.50% | 0.40% | N/A |
| £10,000 - £24,999 | 0.25% | 0.25% | 0.20% | N/A |
| £5,000 - £9,999 | 0.20% | 0.20% | 0.16% | N/A |
| £500 - £4,999 | 0.20% | 0.20% | 0.16% | N/A |
| £1 - £499 | 0.20% | 0.20% | 0.16% | 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)
Rainbow Savings account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.40% | 0.40% | 0.32% |
Interest paid annually.
Last updated on: 24 Jul 2009.
Instant Access Cash ISA
Annual Interest
Rates excluding bonus from 01 April 2009 to 04 September 2009| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 2.00% | 2.00% | N/A |
| £27,000 - £49,999 | 2.00% | 2.00% | N/A |
| £22,000 - £26,999 | 2.00% | 2.00% | N/A |
| £15,000 - £21,999 | 1.20% | 1.20% | N/A |
| £9,000 - £14,999 | 1.20% | 1.20% | N/A |
| £1 - £8,999 | 1.00% | 1.00% | N/A |
Interest paid annually.
Last updated on: 1 Apr 2009.
Annual Interest with 0.5% bonus
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 3.00% | 3.00% | N/A |
| £27,000 - £49,999 | 3.00% | 3.00% | N/A |
| £22,000 - £26,999 | 3.00% | 3.00% | N/A |
| £15,000 - £21,999 | 2.20% | 2.20% | N/A |
| £9,000 - £14,999 | 2.20% | 2.20% | N/A |
| £1 - £8,999 | 2.00% | 2.00% | 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.
Royalties Saver Account
Excluding any Conditional Bonus (Annual Interest)
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £100,000 + | 1.25% | 1.25% | 1.00% |
| £50,000 - £99,999 | 1.00% | 1.00% | 0.80% |
| £25,000 - £49,999 | 0.75% | 0.75% | 0.60% |
| £2,000 - £24,999 | 0.50% | 0.50% | 0.40% |
| £1 - £1,999 | 0.10% | 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 20 April 2009 and 1 August 2009) (Annual Interest)
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £100,000 + | 2.00% | 2.25% | 1.80% |
| £50,000 - £99,999 | 1.75% | 2.00% | 1.60% |
| £25,000 - £49,999 | 1.50% | 1.75% | 1.40% |
| £2,000 - £24,999 | 1.25% | 1.50% | 1.20% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid annually.
Last updated on: 20 Apr 2009.
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.
Direct Saver Plus
Monthly interest excluding conditional bonus. Withdrawals made
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £5,000 + | N/A | N/A | N/A |
| £1 - £4,999 | N/A | N/A | N/A |
Last updated on: 24 Jul 2009.
Monthly interest including conditional bonus. No withdrawals made*
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £5,000 + | N/A | N/A | N/A |
| £1 - £4,999 | N/A | N/A | N/A |
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.
Cash ISA Plus
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 3.51% | 3.51% | N/A |
Packaged offer - 0.5% bonus for 12 months
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 4.01% | 4.01% | N/A |
R15 Account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.90% | 0.90% | 0.72% |
Interest paid quarterly.
Gold Deposit Account
Annual Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.55% | 0.55% | 0.44% |
Quarterly Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1 + | 0.50% | 0.50% | 0.40% |
30 Day Savings Account
Annual Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 1.40% | 1.40% | 1.12% |
| £25,000 - £49,999 | 1.15% | 1.15% | 0.92% |
| £10,000 - £24,999 | 1.00% | 1.00% | 0.80% |
| £5,000 - £9,999 | 0.45% | 0.45% | 0.36% |
| £1 - £4,999 | 0.15% | 0.15% | 0.12% |
Monthly Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 1.21% | 1.20% | 0.96% |
| £25,000 - £49,999 | 0.95% | 0.95% | 0.76% |
| £10,000 - £24,999 | 0.80% | 0.80% | 0.64% |
| £5,000 - £9,999 | 0.25% | 0.25% | 0.20% |
| £1 - £4,999 | 0.10% | 0.10% | 0.08% |
60 Day Savings Account
Annual Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 0.60% | 0.60% | 0.48% |
| £25,000 - £49,999 | 0.35% | 0.35% | 0.28% |
| £1 - £24,999 | 0.10% | 0.10% | 0.08% |
Monthly Interest
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 0.50% | 0.50% | 0.40% |
| £25,000 - £49,999 | 0.25% | 0.25% | 0.20% |
| £1 - £24,999 | 0.10% | 0.10% | 0.08% |
Bonus 90 Account*
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £100,000 + | 0.90% | 1.90% | 1.52% |
| £50,000 - £99,999 | 0.85% | 1.85% | 1.48% |
| £25,000 - £49,999 | 0.60% | 1.60% | 1.28% |
| £10,000 - £24,999 | 0.30% | 1.30% | 1.04% |
| £1 - £9,999 | 0.10% | 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
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £21,000 + | 0.45% | 0.45% | N/A |
| £15,000 - £20,999 | 0.35% | 0.35% | N/A |
| £9,000 - £14,999 | 0.35% | 0.25% | N/A |
| £1 - £8,999 | 0.10% | 0.10% | N/A |
Interest paid annually.
Cash ISA - TESSA Funds
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £9,000+ | 0.35% | 0.35% | N/A |
| £1 - £8,999 | 0.10% | 0.10% | N/A |
Savings Account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1+ | 0.55% | 0.55% | 0.44% |
Interest paid annually.
Postal Plus Account / Phone Plus Account / Special Edition Savings Account
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £1+ | 0.10% | 0.10% | 0.08% |
Interest paid annually.
Pensioner Fixed Rate Account
Issue 286
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 4.07% | 4.00% | 3.20% |
| £25,000 - £49,999 | 3.56% | 3.50% | 2.80% |
| £5,000 - £24,999 | 3.04% | 3.00% | 2.40% |
Last updated on: 2 Jan 2009.
Telephone Saver
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. |
|---|---|---|---|
| £50,000 + | 0.90% | 0.90% | 0.72% |
| £10,000 - £49,999 | 0.50% | 0.50% | 0.40% |
| £1 - £9,999 | 0.25% | 0.25% | 0.20% |
Interest paid annually.
Last updated on: 1 Apr 2009.
First Home Saver
Excluding Conditional Bonus (Annual Interest)
| Amount | AER | Gross Rate % p.a. | Net Rate % p.a. | Tracking Rate -% below Bank of England Base Rate^ |
|---|---|---|---|---|
| £50,000 + | 0.75% | 0.75% | 0.60% | N/A |
| £25,000 - £49,999 | 0.50% | 0.50% | 0.40% | N/A |
| £10,000 - £24,999 | 0.25% | 0.25% | 0.20% | N/A |
| £5,000 - £9,999 | 0.20% | 0.20% | 0.16% | N/A |
| £500 - £4,999 | 0.20% | 0.20% | 0.16% | N/A |
| £1 - £499 | 0.20% | 0.20% | 0.16% | 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
| Amount | Cashback |
|---|---|
| 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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