Royal Bank of Scotland savings accounts

Royal Bank of Scotland, commonly known as RBS, is one of the UK’s leading high street banks with around 700 branches throughout Scotland, England and Wales. Its high street presence makes it a good choice if you want to manage your savings accounts in branch. There is a wide array of savings options from ISAs to regular savings accounts.

Royal Bank of Scotland's top savings rate of 5.25% is available on its regular savings account.

Easy access savings accounts

Royal Bank of Scotland's best easy access rate of 1% is significantly lower than today's market-best rate of 6%. Compare more instant and easy access accounts up to 6%

Cash ISAs

Royal Bank of Scotland's best cash ISA rate of 4.25% is slightly lower than today's market-best rate of 4.87%. Compare more ISAs up to 4.87%

Fixed-rate bonds

Royal Bank of Scotland's best fixed-rate bond rate of 4% is slightly lower than today's market-best rate of 5%. Compare more fixed-rate bonds up to 5%

Regular savings accounts

Royal Bank of Scotland's best regular savings account rate of 5.25% is significantly lower than today's market-best rate of 8%. Compare more regular savings accounts up to 8%

Business savings accounts

Royal Bank of Scotland's best business savings account rate of 3.49% is lower than today's market-best rate of 4.76%. Compare more business savings accounts up to 4.76%

What is Royal Bank of Scotland's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Royal Bank of Scotland offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate	1%
Best cash ISA rate	4.25%
Best fixed-rate bond rate	4%
Best regular saver rate	5.25%
Best business savings account rate	3.49%
Fixed bond terms	1 year - 2 years
Opening options	Branch, website, mobile app, post, telephone
FSCS protection

Other popular accounts

Didn’t find the account type you were looking for? Check our other guides:

• RBS current accounts
• RBS student and graduate accounts
• RBS kids’ accounts

Is it easy to switch to RBS?

RBS participates in the Current Account Switch Service which means it offers a ‘Switch Guarantee‘. This means it will make the switchover as painless as possible. Benefits of the Current Account Switch Service include:

• Transferring your payments from your old account (such as Direct Debits and bill payments)
• Transferring any balance from your old account
• Closing your old account

This should all be done within 7 working days.

The Current Account Switch Guarantee ensures your account will switch on the day of your choice, payments will be transferred to your new account, and if anything goes wrong, you’ll be refunded any interest or charges incurred.

How do I decide which account is for me?

You need to work out what it is you need from your savings account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you hoping to maximise interest?

You need to work out what you need before comparing the different offers available for certain types of savings account. Once you’ve done that, useful guidelines to compare include:

• Interest rates
• Minimum and maximum balances
• Access to cash (if you need quick access for instance)

Does RBS offer online or mobile banking?

Yes, it offers both. Here are some of the basic features:

The pros and cons of saving with RBS

Customer service information for Royal Bank of Scotland

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

As one of the biggest high street banks in the UK, RBS offers a broad range of savings accounts. Whether you want easy access to your savings, to protect your money from the taxman with an ISA, or establish good savings habits with a regular saver, RBS has a suitable account.

However, its interest rates often lag behind the best buys so make sure you shop around before making a final decision.

Don’t forget to check our best savings reviews, to make sure RBS is right for you and see how it weighs up against other savings providers.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.