Royal Bank of Scotland savings accounts

Royal Bank of Scotland offers a broad range of savings accounts with interest rates up to 5.5%.

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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 5.5% is available on its regular savings account.

Cash ISAs
Fixed-rate bonds
Regular savings accounts
Business

Cash ISAs

Table: sorted by interest rate
Royal Bank of Scotland's best cash ISA rate of 4.1% is lower than today's market-best rate of 5.46%.
1 - 3 of 3
Updated daily
Product Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description
Royal Bank of Scotland – 1 Year Fixed Rate ISA Issue 374
Royal Bank of Scotland logo
4.1% AER fixed until 25.06.26
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
UK residents, 18+. Account must be solely in your name and the only cash Royal Bank of Scotland ISA subscribed to this tax year. Early Closure Charges may apply. Eligibility criteria & conditions apply. Interest is paid annually to your ISA on the first business day in April and on the Maturity Payment Date. Offer may be withdrawn early due to limited availability. Available until 5:00 PM on 05/06/2025 to new customers and 10/06/2025 to existing customers. Tax-free means interest payable is exempt from UK income tax.
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Royal Bank of Scotland – 2 Year Fixed Rate ISA Issue 375
Royal Bank of Scotland logo
3.8% AER fixed until 25.06.27
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
UK residents, 18+. Account must be solely in your name and the only Royal Bank of Scotland cash ISA subscribed to this tax year. Early Closure Charges may apply. Eligibility criteria & conditions apply. Interest is paid annually to your ISA on the first business day in April and on the Maturity Payment Date. Offer may be withdrawn early due to limited availability. Available until 5:00 PM on 05/06/2025 to new customers and 10/06/2025 to existing customers. Tax-free means interest payable is exempt from UK income tax.
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Royal Bank of Scotland – Instant Access ISA
Royal Bank of Scotland logo
1.4% AER variable (on balances up to £24,999)
£1
Yearly
Instant access
FSCS logo
protected
Open via: branch, website, mobile app, telephone. Additional account needed
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Fixed-rate bonds

Table: sorted by interest rate
Royal Bank of Scotland's best fixed-rate bond rate of 4.31% is slightly lower than today's market-best rate of 5%.
1 - 2 of 2
Updated daily
Product Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description
Royal Bank of Scotland – 1 Year Fixed Term Savings Account Issue 252
Royal Bank of Scotland logo
4.31% AER fixed until 24.06.26
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app.
Available until 05:00 PM on 04/06/2025 to new customers and 09/06/2025 to 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 23/06/2025. 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 4.31% / 4.23% 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 253
Royal Bank of Scotland logo
4% AER fixed until 24.06.27
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app.
Available until 05:00 PM on 04/06/2025 to new customers and 09/06/2025 to 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 23/06/2025.. 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 4% / 3.93% 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 5.5% is significantly lower than today's market-best rate of 8%.
1 - 1 of 1
Updated regularly
Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description
Royal Bank of Scotland – Digital Regular Saver
Royal Bank of Scotland logo
5.5% variable (on first £5,000)
£0 to £150 per month
None
Monthly
FSCS logo
protected
Open via: website, mobile app. Additional account needed
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Business savings accounts

Table: sorted by interest rate
Royal Bank of Scotland's best business savings account rate of 3.49% is lower than today's market-best rate of 4.55%.
1 - 2 of 4
Updated daily
Product Interest rate Interest paid Open with Term Incentive Table product description
Royal Bank of Scotland – Liquidity Manager 95 Day Notice Account
Royal Bank of Scotland logo
3.49% AER variable
Monthly
From £0
95 days notice
Early withdrawals from Liquidity Manager Notice Accounts are not permitted.
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Royal Bank of Scotland – Liquidity Manager 35 Day Notice Account
Royal Bank of Scotland logo
2.5% AER variable
Monthly
From £0
35 days notice
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 Cash isas, fixed-rate bonds, regular savers, business
Best cash ISA rate 4.1%
Best fixed-rate bond rate 4.31%
Best regular saver rate 5.5%
Best business savings account rate 3.49%
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 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
  • Fees (if there are any)
  • Access to cash (if you need quick access for instance)

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?

Yes, 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 saving 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 app 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? High street banks are typically slow to pass on rate rises 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 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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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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