Tell me moreRoyalties Private Saver
Access your funds and maximise
your returns
Special Offer
Instant access savings with a 1% fixed bonus for our Royalties Private Saver customers.
- This offer is available to customers who have a Black Account (£24.00 monthly account fee) and apply for a Royalties Private Saver account from 10th October 2011.
- New Black Account customers that already have a Royalties Private Saver account are eligible for the bonus if they open a new Royalties Private Saver Account and deposit at least £20,000 which is new to Royal Bank of Scotland plc. Please note this is a limited offer and may be withdrawn at any time.
- Customers must hold a Black Account to receive the bonus.
- Earn 1.36% AER/Gross p.a. (variable) on balances below £10,000 up to 2.68% AER/Gross p.a. (variable) on balances above £250,000 on our Royalties Private Saver Account. This includes a bonus of 1.00% Gross p.a. (fixed) in addition to the 0.25% bonus Gross p.a. (fixed) and our standard variable interest rate payable until 28th February 2013. Withdrawals and minimum balance limit will not apply.
- After 28 February 2013, the 1.25% gross p.a. (fixed) p.a. introductory bonus will end, but customers will get 0.25% gross p.a. conditional bonus, if their balance remains over £10K & they make no withdrawals during the month.
- Bonus period starts on the day the 15th day of the next month after your account is opened.
- Instant access to your savings whenever you need it
- Tiered interest rates, so the more you save the more you earn
- Monthly interest paid into your Royalties Private Saver or another named account
- Minimum balance of £10,000
- Monthly bonus interest, if no withdrawals are made in that month
- Manage your account by phone or online with Direct or Digital banking
- Set up and track your own personal savings goals - through Digital Banking
Rates effective from 24 July 2009
Royalties Private Saver (excluding conditional bonus)
| Gross Rate % | AER % (variable) | Net Rate % | ||
|---|---|---|---|---|
| £250,000 + | 1.39 | 1.40 | 1.11 | |
| £100,000 - £249,999 | 1.19 | 1.20 | 0.95 | |
| £50,000 - £99,999 | 0.99 | 0.99 | 0.79 | |
| £25,000 £49,999 | 0.75 | 0.75 | 0.60 | |
| £10,000 - £24,999 | 0.50 | 0.50 | 0.40 | |
| £1 £9,999 | 0.10 | 0.10 | 0.08 | |
| 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. This account is only available to Black Account customers, and those we invite to open an account. Black Account costs £24 per month. | ||||
Including 1.25% gross (fixed) p.a. This includes an unconditional bonus of 0.25% gross (fixed) p.a. Withdrawals and minimum balance limit will not apply (on accounts opened on or after 10 Oct 2011).
| Balance | AER (variable) including bonus | Gross Rate % p.a. (variable) including bonus | Net Rate % p.a. (variable) including bonus | |
|---|---|---|---|---|
| £250,000 + | 2.68 | 2.65 | 2.12 | |
| £100,000 - £249,999 | 2.48 | 2.45 | 1.96 | |
| £50,000 - £99,999 | 2.26 | 2.24 | 1.79 | |
| £25,000 £49,999 | 2.02 | 2.00 | 1.60 | |
| £10,000 - £24,999 | 1.76 | 1.75 | 1.40 | |
| £1 £9,999 | 1.36 | 1.35 | 1.08 | |
| A bonus equivalent to 1.25% Gross p.a. is payable until 28 February 2013 on accounts opened from 10 October 2011. Bonus interest will be paid monthly on the last working day along with the standard interest payment. Last updated: 10 October 2011 | ||||
Royalties Private Saver including 0.25% conditional bonus
| Gross Rate % | AER % (variable) | Net Rate % | ||
|---|---|---|---|---|
| £250,000 + | 1.64 | 1.65 | 1.31 | |
| £100,000 - £249,999 | 1.44 | 1.45 | 1.15 | |
| £50,000 - £99,999 | 1.24 | 1.25 | 0.99 | |
| £25,000 £49,999 | 1.00 | 1.00 | 0.80 | |
| £10,000 - £24,999 | 0.75 | 0.75 | 0.60 | |
| £1 £9,999 | 0.10 | 0.10 | 0.08 | |
| 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. | ||||
Royalties Private Saver including introductory 1% conditional bonus & 0.25% conditional bonus (on accounts opened between 12 July 2010 and 22 October 2010)
| Gross Rate % | AER % (variable) | Net Rate % | ||
|---|---|---|---|---|
| £250,000 + | 2.64 | 2.42 | 2.11 | |
| £100,000 - £249,999 | 2.44 | 2.21 | 1.95 | |
| £50,000 - £99,999 | 2.24 | 2.01 | 1.79 | |
| £25,000 £49,999 | 2.00 | 1.76 | 1.60 | |
| £10,000 - £24,999 | 1.75 | 1.51 | 1.40 | |
| £1 £9,999 | 0.10 | 0.10 | 0.08 | |
| The rates in the table above include an introductory conditional bonus equivalent to 1.00% gross p.a. (0.8% net p.a.) and a conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.). These bonuses are available on accounts opened between 12 July 2010 and 22 October 2010. These bonuses are payable for the first nine months from account opening where a minimum balance of £10,000 is maintained during this time. Your bonus interest will be paid monthly for nine consecutive months (along with your standard interest payment) starting on the 16th day of the month after the month in which you open your account. This limited period offer is now closed. Following the nine month period, a conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.) will be payable with your monthly interest provided you meet the conditions detailed under the table Royalties Private Saver including 0.25% conditional bonus (on accounts opened before 12 July 2010 and after 22 October 2010). In any month where these conditions are not met, the rates shown in the table Royalties Private Saver (excluding conditional bonus) will apply. Last updated on: 12 July 2010. | ||||
Gross rate - is the rate 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 paid after the deduction of tax. Interest paid monthly.
| Summary Box - Key Information for our Savings Accounts | |
|---|---|
| Account Name | Royalties Private Saver |
| Interest Rate (AERs) | See above |
| Tax Status | Interest is paid after the deduction of 20% tax |
| Conditions for bonus payment | 0.25% bonus is payable monthly if no withdrawals are made in that month and a minimum balance of £10,000 is maintained.
For limited edition bonus rates see Rates tab. |
| Withdrawal arrangements | Instant Access |
| Access | Branch, Telephone or Internet |
For accounts opened before 20 April 2009 and after 1 August 2009 no conditional bonus interest is payable in any calendar month in which a withdrawal is made or the account balance falls below £10,000.
For accounts opened between 20 April 2009 and 1 August 2009, the conditional bonus interest and introductory conditional bonus interest will be payable for a period of 9 months from account opening provided you maintain a minimum account balance of £10,000 during this time.
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.
- Please read legal information - terms and conditions covering your use of this website
Am I eligible for the bonus?
Customers who have a Black Account (£24.00 monthly account fee) and apply for a Royalties Private Saver Account from 10th October 2011 will be eligible for the bonus.
New and existing Black Account customers that already have a Royalties Private Reserve Account are eligible for the bonus if they open a new Royalties Private Reserve Account and deposit at least £20,000 which is new to Royal Bank of Scotland plc. Please note this is a limited offer and may be withdrawn at any time.
Customers must hold a Black Account to receive the bonus.
When will the bonus start?
The bonus interest will start to accrue on the 15th of the next month after the account is opened, e.g. an account opened on 12th October 2011 will have the bonus starting on 15th November 2011 and will end on 28th February 2013. The bonus interest will be calculated on the daily cleared balance. If the 15th isnt a business day the bonus period will start on the next business day.
How long will the bonus last?
The bonus ends on 28th February 2013 irrespective of the start date. This means that the sooner an account is opened the longer the bonus interest will be accrued and paid.
Why doesn't the bonus start as soon as the account is opened?
Our internal processes mean that the 15th of the next month after the account is opened is the earliest date when the bonus can start.
When will the bonus interest be paid?
The bonus interest will be paid monthly. The bonus interest and standard interest will be paid as one credit to the account.
How is the AER interest rate calculated?
We pay interest each month and if you leave the interest in your account you will then earn interest on this this is known as compounded interest. When we calculate the AER rate (Annual Equivalent Rate) we assume that all the standard and bonus interest paid on the account remains in the account.
Are there any conditions on withdrawals?
For customers who open their account on or after 10th Oct 2011 will receive a bonus of 1.25% gross (fixed) p.a. This includes an unconditional bonus of 0.25% gross (fixed) p.a. Withdrawals and minimum balance limit will not apply.
Are there any penalties?
There are no penalties. Withdrawals can be made at any time without any penalty. If the account is closed before the end of the bonus period, bonus interest will be paid up to the day the account is closed.
Bonus Offer Terms and conditions (Private Bonus, 101KB PDF)
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