Instant Saver account

Why choose Instant Saver?

Instant access to your money when you need it.

Start saving with just £1.

Apply online in less than 5 minutes.

Exclusively for our current account customers, aged 16 and over.

Eligible for Round Ups.

Summary Box

Account name: Instant Saver

What is the interest rate?

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?

How do I open and manage my account?

  • You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time.
  • We will also need your email address and mobile number to open your account and send you important account opening documents.
  • You can open and manage your account on our mobile app, online or by telephone.
  • To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.
  • 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; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
  • You can use Round Ups with Instant Saver.

Can I withdraw money?

How do I continue a joint application?

If you want to continue a joint application that someone else has started, start applying below and choose the Joint account for two people option when asked.

Once you’ve logged in, you’ll see your open application ready for you to review and complete.

Get off to a fast start

Why not let us do the saving for you? Tell us you’d like a regular payment or an instant transfer to your new savings account in your application, and we’ll do it automatically for you.

Also, once you’ve registered and your account appears in mobile or Online 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 debit card/contactless.


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)

Get ready to apply

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. Please take a look at the important legal info:

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.

All okay? You're nearly ready to start.

We need to do a few final checks with you. They'll only take a minute. 

Do you have Online Banking?
Is this application just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must: 

Be a current account customer

Be aged 16 years or over and a UK resident

Login using your Royal Bank of Scotland Online Banking details at the start of the application

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

  • Be a current account customer
  • Be aged 16 or over and a UK resident
  • Log in using your Digital Banking details at the start of the application

Register for online banking

You'll need to sign up for online banking with us in order to apply for the Instant Saver account online. The good news is that it normally takes just 5 minutes.

What you'll need

You'll need your sort code and account number, and your Royal Bank debit card if you have one.