Royal Bank of Scotland savings accounts

Royal Bank of Scotland offers a broad range of savings accounts with interest rates up to 6.17%.

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Royal Bank of Scotland

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 are a wide array of savings options from ISAs to regular savings accounts.

Royal Bank of Scotland's top savings rate of 6.17% is available on its regular savings account.

Easy access savings accounts

Table: sorted by interest rate
Royal Bank of Scotland's best easy access rate of 1.6% is significantly lower than today's market-best rate of 7.29%.
1 - 2 of 2
Name Product UKFSA-SAV Account type Withdrawals Min. opening balance Rate Deposit protection Open via Incentive Apply link
Royal Bank of Scotland – Premium Saver
Variable
Instant access
£0
1.6% AER variable (on first £24,999)
FSCS logo
protected
Open via: website, mobile app, telephone
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Royal Bank of Scotland – Instant Access ISA
Cash ISA
Instant access
£0
1.6% AER variable (on first £24,999)
FSCS logo
protected
Open via: website, mobile app, telephone
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Cash ISAs

Table: sorted by interest rate
Royal Bank of Scotland's best cash ISA rate of 3.8% is lower than today's market-best rate of 5.17%.
1 - 3 of 3
Name Product UKFSA-SAV Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Royal Bank of Scotland – 1 Year Fixed Rate ISA Issue 360
3.8% AER fixed until 07.01.26
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: website, mobile app, telephone
UK resident 18+, sole account only. You must not have subscribed to another cash ISA in the same tax year with Royal Bank of Scotland. To withdraw after start date & before the maturity date the account must be closed & an early Closure Charge will apply. Account interest is tax free, subject to change & individual circumstances. Eligibility criteria & conditions apply. May be withdrawn early. Rates available until 5pm on 11 December 2024 to new customers and 16 December November 2024 to existing customers.
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Royal Bank of Scotland – 2 Year Fixed Rate ISA Issue 361
3.4% AER fixed until 07.01.27
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: website, mobile app, telephone
UK resident 18+, sole account only. You must not have subscribed to another cash ISA in the same tax year with Royal Bank of Scotland. To withdraw after start date & before the maturity date the account must be closed & an early Closure Charge will apply. Account interest is tax free, subject to change & individual circumstances. Eligibility criteria & conditions apply. May be withdrawn early. Rates available until 5pm on 11 December 2024 to new customers and 16 December November 2024 to existing customers.
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Royal Bank of Scotland – Instant Access ISA
1.6% AER variable (on first £24,999)
£1
Yearly
Instant access
FSCS logo
protected
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Fixed-rate bonds

Table: sorted by interest rate
Royal Bank of Scotland's best fixed-rate bond rate of 3.8% is lower than today's market-best rate of 4.85%.
1 - 2 of 2
Name Product UKFSA-SAV Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Royal Bank of Scotland – 1 Year Fixed Term Savings Account Issue 238
3.8% AER fixed until 06.01.26
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Available until 5pm on 11 December 2024 for new customers and 16 December November 2024 for existing customers. Please be aware that this offer can be withdrawn at any time. To apply, you must be 16+ and a UK resident. You can make additional payments or withdrawals from your account until 3:30pm on 11 December 2024 for new customers and 16 December November 2024 for existing customers. After this date partial withdrawals are not allowed. Early closure charges may apply.
Interest is calculated daily and paid on the first business day of every month and on the Maturity Date. 1 year terms earn 3.80% / 3.74% AER/Gross p.a (fixed) on balances between £1 - £5million.
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Royal Bank of Scotland – 2 Year Fixed Term Savings Account Issue 239
3.4% AER fixed until 06.01.27
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Available until 5pm on 11 December 2024 for new customers and 16 December November 2024 for existing customers. Please be aware that this offer can be withdrawn at any time. To apply, you must be 16+ and a UK resident. You can make additional payments or withdrawals from your account until 3:30pm on 11 December 2024 for new customers and 16 December November 2024 for existing customers. After this date partial withdrawals are not allowed. Early closure charges may apply.
Interest is calculated daily and paid on the first business day of every month and on the Maturity Date. 2 year terms earn 3.40% / 3.35% AER/Gross p.a (fixed) on balances between £1 - £5million.
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Regular savings accounts

Table: sorted by interest rate
Royal Bank of Scotland's best regular savings account rate of 6.17% is lower than today's market-best rate of 8%.
Name Product UKFSA-SAV AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description Apply link
Royal Bank of Scotland – Digital Regular Saver
6.17% variable (on first £5,000)
£0 to £150 per month
None
Monthly
FSCS logo
protected
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Business savings accounts

Table: sorted by interest rate
Royal Bank of Scotland's best business savings account rate of 3.75% is lower than today's market-best rate of 5%.
1 - 2 of 4
Name Product UKFSA-SAV Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
Royal Bank of Scotland – Liquidity Manager 95 Day Notice Account
3.75% AER p.a. variable
Monthly
From £1
95 days notice
Open via: branch, website, telephone
Early withdrawals from Liquidity Manager Notice Accounts are not permitted.
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Royal Bank of Scotland – Liquidity Manager 35 Day Notice
3% AER p.a. variable
Monthly
From £1
35 days notice
Open via: branch, website, telephone
Early withdrawals from Liquidity Manager Notice Accounts are not permitted.
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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 1.6%
Best cash ISA rate 3.8%
Best fixed-rate bond rate 3.8%
Best regular saver rate 6.17%
Best business savings account rate 3.75%
Fixed bond terms 1 year 1 month - 2 years 1 month
Opening options Branch, website, mobile app, telephone
FSCS protection

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)

When you are looking for a new home for your savings think about the type of account you need. Royal Bank of Scotland offers higher interest rates on its fixed rate accounts, so if you don’t need instant access to your cash consider one of these accounts to boost your return.”

Ruth Jackson-Kirby, personal finance expert

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

  • Branch-based banking. If you prefer to do your banking in person then RBS has 700 branches across the country.
  • 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 high street 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.

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 start good 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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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To make sure you get accurate and helpful information, this guide has been reviewed by Ruth Jackson-Kirby, a member of Finder's Editorial Review Board.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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