Savings Builder account

Make the most of your Savings Builder

Earn 0.30% AER/Gross p.a. (variable) on balances up to £10,000

Eligible for Round Ups

No longer available to new customers

Summary Box

Account name: Savings Builder

What is the interest rate?

Earn 0.30% interest on your first £10,000 and 0.20% on any amount over £10,000 in your account. Interest is calculated on a daily basis and paid into your account on the first business day of the month. You’ll be able to see and access the interest in your account on the following day.

Can Royal Bank of Scotland change the interest rate?

Yes, we may change the rate up or down. There are a few reasons for this, such as a change in the Bank of England base rate. You can find a full list of reasons for an interest rate change in section 9.2 of the Savings Account Terms. We’ll give you at least 14 days’ notice if the rates are going down and your balance is £100 or more. Otherwise we’ll tell you before or shortly after the change. You can find more details about how we’d tell you about a change in section 9.2 of the Savings Account Terms (PDF, 501 KB).

What would the estimated balance be after 12 months based on a range of deposits?

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to interest rates or tiers; and any interest earned stays in the account.

How do I manage my account?

  • You can manage your account on our mobile app, online or by telephone.
  • You can pay money in by transfer from a current account or savings account in your name held with us or held with another bank (online, by telephone or on the mobile app).
  • No minimum deposit is required to open the account and there is no maximum balance limit.
  • If you close your account, you will not earn interest for the month of closure.
  • You can use Round Ups with Savings Builder.

Eligible current and savings account required. Conditions and app criteria apply

Can I withdraw money?

Tools to help you Save

Once you’ve registered and your account appears in mobile banking you can utilise some of our savings features.

Savings Goal tool - We will help you work out how much you need to save each month to help reach your goals and track your progress. 

Round Ups -  Will save your spare change from the everyday things you buy when using your contactless debit card


AER: stands for Annual Equivalent Rate. It shows you what the rate would be if interest was paid and compounded each year. 

Gross: The interest rate you are paid without the deduction of UK income tax.

p.a.: per annum (per year).

Please take a look at the important legal info:

Got your savings sorted?

Then why not take our free Digital Financial Health Check. From everyday spending to planning for the future, it’s full of hints and tips to help you get your finances on track.

Something else we can help you with?