Easy access
Royal Bank of Scotland savings accounts
Royal Bank of Scotland offers a broad range of savings accounts with interest rates up to 6.17%.
No reviews yet.
Write a review
Royal Bank of Scotland, commonly known as RBS, is one of the UK’s leading banks. RBS has around 700 branches, throughout Scotland, England and Wales. It also operates globally, serving around 24 million customers worldwide.
Read on to find out more about RBS, and find out whether you can see yourself banking with them.
Easy access savings accounts
Table: sorted by interest rate
Royal Bank of Scotland's best easy access rate of 1% is significantly lower than today's market-best rate of 5.12%.
Compare more instant and easy access accounts up to 5.12%
Cash ISAs
Table: sorted by interest rate
Royal Bank of Scotland's best cash ISA rate of 3.75% is slightly lower than today's market-best rate of 4.25%.
Compare more ISAs up to 4.25%
Fixed-rate bonds
Table: sorted by interest rate
Royal Bank of Scotland's best fixed-rate bond rate of 4.18% is slightly lower than today's market-best rate of 4.68%.
Regular savings accounts
Table: sorted by interest rate
Royal Bank of Scotland's best regular savings account rate of 6.17% is slightly lower than today's market-best rate of 7%.
Compare more regular savings accounts up to 7%
Business savings accounts
Table: sorted by interest rate
Royal Bank of Scotland's best business savings account rate of 1.97% is significantly lower than today's market-best rate of 4.35%.
Compare more business savings accounts up to 4.35%
Overview of Royal Bank of Scotland savings
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers, business |
|---|---|
| Best easy access rate | 1% |
| Best cash ISA rate | 3.75% |
| Best fixed-rate bond rate | 4.18% |
| Best regular saver rate | 6.17% |
| Best business savings account rate | 1.97% |
| Fixed bond terms | 1 year 1 month - 2 years 1 month |
| Opening options | Branch, website, mobile app, telephone |
| FSCS protection |
Other popular accounts
Didn’t find the account type you were looking for? Check our other guides:
Is it easy to switch to RBS?
RBS offers a ‘Switch Guarantee‘, which simply means it will make the switchover as painless as possible. If you visit a branch they will be able to help you with:
- 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
They aim to have this all done within 7 working days.
How do I decide which account is for me?
You need to work out what it is you need from your bank 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 after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access for instance)
- Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)
Does RBS offer online or mobile banking?
Yep, it offers both. Here are some of the basic features:
Online banking
- Check balances. For any type of account.
- Transfer money between accounts. In a matter of seconds.
- Pay bills and people. All within the online portal.
Mobile banking
- All of those features. On the go.
- Fingerprint Login.
- Easy PDFs. Print or forward a PDF of any transaction.
The pros and cons of banking with RBS
Pros
- Online and mobile banking. The RBS apps makes it simple to keep an eye on your finances.
- Flexibility. RBS offers a wide range of accounts for any sort of financial need.
Cons
- Better rates elsewhere? Interest rates have risen slightly recently, but banks are typically slow to pass on the rise to savers. It helps to shop around to find out where you can get the best deal.
The bottom line
Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, the broad range of RBS savings accounts means you should find one to suit your needs. Don’t forget to check our best savings reviews first though, to make sure RBS is right for you and see how it weighs up against other savings providers.
Savings ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.
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.
More guides on Finder
-
How to open a new savings account
Learn more about opening a savings account with our guide.
-
Flexible ISAs: What they are and how they work
Learn more about how flexible ISAs work.
-
Compare 2-year fixed rate cash ISAs
Find out more about the pros and cons of 2-year fixed rate cash ISAs
-
Kuda money app review
We take a detailed look at the Kuda money app to see how it works.
-
Volopa review
Is Volopa’s business payments platform right for your business? We take a closer look at Volopa’s business solutions.
-
Best ISAs for 2023
Discover the key differences between a cash ISA and a stocks & shares ISA and which option is right for you.
-
How to buy Nestlé shares
Learn more about Nestlé’s recent performance and where you can invest in Nestlé shares. We also run through some helpful rules of thumb for any investor
-
Christmas spending in the UK set to drop by more than £5.5 billion in 2022 as cost of living crisis bites
This latest research explores how much the UK is set to spend on Christmas in 2022, and how much Brit’s spend on unwanted gifts.
-
5 assets investors are buying in the dip: From commodities to ETFs
Markets have taken a hit in 2022. We share which assets are popular in the recent market pull-back. Created in collaboration with eToro
-
Over half of Brits plan to make a New Year’s resolution in 2023, with health and money leading the way
Over half of Brits plan to make a New Year’s resolution in 2023
Ask an Expert