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 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.
Easy access savings accounts
Table: sorted by interest rate
Royal Bank of Scotland's best easy access rate of 1.75% is significantly lower than today's market-best rate of 7.49%.
1 - 2 of 2
Cash ISAs
Table: sorted by interest rate
Royal Bank of Scotland's best cash ISA rate of 4.6% is very slightly lower than today's market-best rate of 5.1%.
1 - 3 of 3
Fixed-rate bonds
Table: sorted by interest rate
Royal Bank of Scotland's best fixed-rate bond rate of 4.4% is slightly lower than today's market-best rate of 5.5%.
1 - 2 of 2
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 7.49%.
1 - 1 of 1
Business savings accounts
Table: sorted by interest rate
Royal Bank of Scotland's best business savings account rate of 4.25% is slightly lower than today's market-best rate of 5.25%.
1 - 2 of 4
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 | 1.75% |
| Best cash ISA rate | 4.6% |
| Best fixed-rate bond rate | 4.4% |
| Best regular saver rate | 6.17% |
| Best business savings account rate | 4.25% |
| 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)
When you are looking for a new home for your savings don’t simply opt to open a pot with your current account provider. The high street banks rarely offer the best interest rates. Make sure you check the best buy tables to find a savings account that suits your needs and pays you the best possible return.”
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.
More guides on Finder
-
Binance Coin (BNB) price prediction 2024
Read our expert analysis on Binance Coin and how the token will perform in the future.
-
Compare fixed rate bonds
Full, filterable comparison of todays fixed-rate bond deals.
-
Compare the best ISA rates for over-60s UK 2024
Find the best ISA rates for over 60s.
-
Cost of living in the UK: Calculator to compare cities
Compare the cost of living in cities around the UK and discover the salary you would need to rent a 1-bedroom flat in each location.
-
Finder Studios
Finder Studios creates multimedia sponsored content with partners. Engage a new audience with finance content like they’ve never seen before.
-
How to buy Raspberry Pi shares when it goes public
Everything we know about the Raspberry Pi IPO, plus information on how to buy shares.
-
Customers more wary about banking online over fraud and privacy concerns
Brits are becoming less satisfied with online banking, and more wary. New analysis reveals how banks must gain trust to improve services.
-
Business failure statistics UK
We look at business survival rates, how the chance of business failure varies between industries and some of the reasons businesses stop trading.
-
Almost half of Brits now leave the house without their wallet, but expert warns of the risks
New research reveals almost 25 million Brits are leaving the house without a wallet or other payment method, relying solely on their phones.
-
Half of Brits are now more wary of online banking, as official figures reveal steady drop in positivity since 2020
A new report reveals that Brits have become more wary of online banking, as official figures show a steady drop in positivity since 2020.