Tell me moreRoyalties Private Saver
Access your funds and maximise
your returns
Royalties Private Saver is one of our highest paying instant access savings accounts, available only to Black Account customers. Black Account costs £24 per month.
Earn a 0.25% interest rate bonus for every month you don’t make a withdrawal.
- 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. | ||||
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