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Premier Bank Accounts

Open a Premier Reward account

current account switch guarantee logo

Premier eligibility criteria apply. To apply, you need to be 18+ and a UK resident. You need to also pay in £1,250 to an eligible Royal Bank account every month. You can only hold a maximum of 1 Reward account in your name, and 1 in joint names. £2 monthly fee.

Switch & Save: Unlock our Limited Edition Saver account when you switch to Royal Bank Premier

Apply online or via our mobile app to switch your current account held elsewhere into an eligible Premier Select or Premier Reward account by 6 January 2026.
 

Use the Current Account Switch Service and you could unlock our 12 month Limited Edition Saver account which offers fixed bonus interest rates on balances over £50,000.

Offer available to new and existing customers who do not hold a Royal Bank current account or savings account as of 18 November 2025.

Limited Edition Saver interest rates

AER / Gross p.a. (variable)
 Interest paid monthly


4.00% / 3.93% 
Balances between £100k - £3m

(includes 2.25% / 2.23% AER / Gross p.a. (fixed) 12 month bonus).
 

3.25% / 3.20%
Balances between £50k - £99,999

(includes 1.50% / 1.49% AER / Gross p.a. (fixed) 12 month bonus).
 

1.06% / 1.05%
Balances up to £49,999

Information Message

1. Switch to us

Open a current account with us  

Simply open an eligible Premier Select or Premier Reward account and switch your bank account to us using the Current Account Switch Service.
 

Your switch to us must be completed by 21 January 2026.

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2. Switch complete

Wait to receive the offer email from us

Once your switch to us is complete, we'll send you an email with a link to open a Limited Edition Saver account. This will arrive between 02 December and 21 January 2026.

 You'll have until 23 January 2026 to apply for a Limited Edition Saver via our mobile app.

Information Message

3. You're all set

Fund your account
Once you've opened your Limited Edition Saver and funded your account, you'll immediately start benefiting from the interest rates. 

See our Limited Edition Saver for more information. 

Information Message

Information Message

Premier and specific account eligibility criteria and conditions apply. Monthly account fees may apply. Offer T&Cs and restrictions apply. Offer can be withdrawn or amended at anytime due to limited availability. If you previously held a Royal Bank current account or savings account, you may still qualify, provided you did not hold one as of 18 November 2025. You are not eligible for this offer if you're switching a current account from NatWest Group (NatWest or Ulster Bank NI). Joint accounts are not eligible for this offer.

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A Premier account that Rewards you

Information Message

To hold a Premier Reward account you need to pay in £1,250 to an eligible Royal Bank account every month.

Why a Premier Reward account?

£9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50.

£1 a month back in Rewards when you log in to our mobile app. Criteria applies.

Expert help on the phone or online, and one-to-one support when you need it.

£2 monthly fee.

Information Message

To apply, you must be 18+, a UK resident and meet the specific Premier criteria below.

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I already have a Premier Reward account

Find out how to set up and use your account benefits.

To join Premier you'll need to be 18+ and a permanent UK resident and meet one of these criteria:

Income

Minimum £100k sole income or £120k joint income paid into your Royal Bank account

Mortgage borrowings

£500k minimum mortgage borrowing with us

Savings or investments

Minimum £100k savings or investments held with us

About Rewards

What are Rewards?

What are Rewards?

Earn £9 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits needs to be at least £4.50 each. Plus earn an extra £1 a month back in Rewards with 1 mobile app log in. That's up to £10 a month back in Rewards to spend on whatever you like!

Exchange Rewards

Once you reach £5 in Rewards, the choice is yours. Bank it into your Royal Bank current or savings account, exchange for a gift cards and e-codes with our retail partners, or donate to one of our chosen charities.

More features

Mobile banking app

Our Premier branded mobile banking app is secure and easy to use.

£2 monthly fee

A bank account that rewards you.

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

How much will an overdraft cost?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.

How to apply for an arranged overdraft

Apply for an arranged overdraft after your account is open, using our mobile app or by logging in to Digital Banking.

How to apply online

Have ID ready

We'll need some details from you, such as your address history, monthly income and ID.

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Start your application

You can apply online right now if you are ready. Just use the section below to tell us about yourself.

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How long will it take?

You should be able to complete the online application within an average lunch break.

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Get ready to apply

To make sure this account is right for you, please take your time to understand how you can earn and exchange Rewards. Not sure yet? Take a look at our Premier Select everyday bank account with no monthly fee.

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

 
  • are aged 18+ and a UK resident.
  • will pay in £1,250 each calendar month to any eligible personal current account you have with us.
  • don't currently hold 2 Reward accounts.


You must also meet one of these criteria:

  • Minimum £100k sole income or £120k joint income paid into your Royal Bank account.
  • £500k minimum mortgage borrowing with us.
  • Minimum £100k savings or investments held with us.

Now please take a look at the important legal stuff

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Digital Banking - not posted. Please take some time to review, print and/or save the important information.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

 

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.

All okay? Apply for a bank account online today.

To speed up your application for our Premier Reward account, we need to do a few final checks with you. They'll only take a minute.

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What would you like to do today?
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Changing your account to a Premier Reward

You’ll need to change your existing account to a Premier Reward account. To do this, follow the steps below.

  1. Go back to the home screen within Digital Banking. 
  2. Select 'Account Details' on the account you wish to change. 
  3. Review the section 'Want to change to a different type of current account?'.
  4. Once you know which account to change to, select this to start your application. 

If you're a non-UK resident, we can only change your account to our Premier Select account.

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Digital Banking

Here's what to do next

We’ve made a few changes to how we open joint bank accounts.

The button below takes you to a dedicated page explaining exactly what you need to open your account.

In summary:

  1. You create a joint account by adding the second applicant to an existing account.
  2. You can either add the second applicant to an existing account, or if you’d like a completely new account, one of you can open a new account and then add the second applicant once it’s open. 
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Joint accounts opening

To get started..

  • Go back to the home screen within Digital Banking. 
  • Select 'Account Details' on the account you wish to change. 
  • Review the section 'Want to change to a different type of current account?'.
  • Once you know which account to change to, select this to start your application. 
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Digital Banking

To get started on your switch..

  • Go back to the home screen within Digital Banking. 
  • Select 'Account Details' on the account you wish to switch to. 
  • Select the 'Switch to us' form to get started. 
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Digital Banking