Savings rates
Rates reviewed daily · last updated 2 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Regular Saver
| Account | AER | Monthly Limit | Interest | Min Balance | |
|---|---|---|---|---|---|
| Digital Regular Saver | 5.25% | £150 | — | £0 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Fixed Rate ISA 1 Year | 4.75% | 1 Year | Accepted | £1,000 | |
| Fixed Rate ISA 2 Year | 4.75% | 2 Years | Accepted | £1,000 | |
| Instant Access ISA | 1.15% | Instant | Accepted | £0 |
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Fixed Term Savings 2 Year | 4.15% | 2 Years | Monthly | £1 | |
| Fixed Term Savings 1 Year | 4.11% | 1 Year | Monthly | £1 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Flexible Saver | 1.00% | Instant | Variable | £1 |
Investing: Stocks & Shares ISA
A Stocks & Shares ISA is an investment product, so returns depend on the market rather than a fixed savings rate. Here's how it compares on cost.
When you invest, your capital is at risk — the value of investments can go down as well as up, and you may get back less than you put in.
Cards
The Royal Bank of Scotland cards we track. Open one for fees, perks and the catch.
RBS Reward Credit Card
£24 per year
1% at supermarkets and 0.25% at petrol stations and elsewhere
- Yearly cost
- £24
- Abroad
- 2.75%
- £28 per £1,000
RBS Reward Debit Card
£2 per month
Same Rewards engine as NatWest Reward
- Yearly cost
- £24
- Abroad
- Fee-free spending
RBS Reward Black
£84 per year
1% at supermarkets and 0.5% at petrol stations and elsewhere
- Yearly cost
- £84
- Abroad
- Fee-free spending
RBS Reward Silver
£10 per month (rising to £12 per month from 1 Oct 2026)
The one with travel, phone and breakdown cover
- Yearly cost
- £120
- Abroad
- Fee-free spending
RBS Reward Platinum
£22 per month (rising to £23 per month from 1 Oct 2026)
Travel, phone and breakdown cover — plus the extras
- Yearly cost
- £264
- Abroad
- Fee-free spending
Is Royal Bank of Scotland FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Royal Bank of Scotland savings are FSCS protected up to £120,000 per person, per banking licence, under The Royal Bank of Scotland plc.
Banking licence: The Royal Bank of Scotland plc
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
- Apply for a Premier Select account and request and complete a full switch from another bank using the Current Account Switch Service.
- Within 90 days of switching, pay in £15,000 — this can be multiple payments and each must remain in the account for 24 hours.
- Within 90 days of switching, log in to the Royal Bank mobile app.
- Apply for a Select account and request and complete a full switch from another bank using the Current Account Switch Service.
- Within 60 days of switching, pay in £1,250. This can be multiple payments and must remain in the account for 24 hours.
- Within 60 days of switching, log in to the Royal Bank mobile app.
- Apply for a Reward account and request and complete a full switch from another bank using the Current Account Switch Service.
- Within 60 days of switching, pay in £1,250. This can be multiple payments and must remain in the account for 24 hours.
- Within 60 days of switching, log in to the Royal Bank mobile app.
Who they are
Royal Bank of Scotland was founded by royal charter in Edinburgh in 1727.
It grew significantly over the centuries, notably acquiring around 250 banks, including National Westminster Bank in 2000, which solidified its prominence in the UK banking sector.
In 2020, the Royal Bank of Scotland Group rebranded as NatWest Group, though the RBS name and brand continued in use.
As part of NatWest Group, RBS returned to full private ownership in May 2025 after 17 years of government control.
Today RBS is primarily a Scottish bank. Its branches are concentrated in Scotland, so it suits Scottish customers and app-first banking better than people who want a branch in England or Wales.
The RBS app includes Round Ups savings, instant card freeze and unfreeze, and a Split the Bill tool. Worth noting: NatWest and RBS are part of NatWest Group, operating as separate customer brands - with NatWest mainly in England and Wales and RBS primarily in Scotland - but they share corporate ownership, ATM networks, and basic in-branch services. This means your eligible deposits are covered under a shared banking licence, and Royal Bank of Scotland's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence). If you already hold savings with NatWest, bear that in mind when calculating your protected total.
Savings accounts
RBS offers a reasonable spread of savings products, though the rates vary quite a bit depending on the account type.
The Digital Regular Saver pays 5.25% and allows instant access - a solid rate if you can commit to saving monthly. Fixed-term options start from just £1: the 1-year fix pays 4.11% and the 2-year fix pays 4.15%, with no access until maturity on either. If tax-free saving is a priority, the Fixed Rate ISAs are worth a look - both the 1-year and 2-year versions pay 4.75%, with a £1,000 minimum to open.
The flexible options are much less competitive. The Flexible Saver easy access account pays a variable 1.00%, and the Instant Access ISA pays just 1.15%. Neither will trouble the top of the best-buy tables. There is also a First Saver children's account at 1.60% variable, and a Stocks and Shares ISA where FSCS protection covers investments up to £85,000 and uninvested cash up to £120,000.
All savings accounts carry the same FSCS protection noted above - remember this applies across your combined RBS and NatWest balances.
Switching to Royal Bank of Scotland
RBS currently runs three switch offers via the Current Account Switch Service, and the bonuses are among the more generous available from a high-street bank.
The Premier Select Account offers £500 cash. To qualify, you complete a full switch, pay in £15,000 within 90 days (multiple payments are fine, each just needs to sit in the account for 24 hours), and log in to the Royal Bank mobile app within the same 90-day window. There is no monthly fee on this account.
The Select Account and Reward Account each offer £200. For both, you need to complete a full switch, pay in £1,250 within 60 days, and log in to the app within 60 days. The Select Account has no monthly fee; the Reward Account charges £2 a month, so factor that in when comparing the two.
Is it right for you?
RBS makes most sense if you are based in Scotland, comfortable banking primarily through an app, and want to take advantage of a switch bonus. The Digital Regular Saver and Fixed Rate ISAs stand out in its savings range, but the easy access rates are low and unlikely to match the best deals elsewhere.
If you already bank with NatWest, opening a savings account with RBS would bring you under the same FSCS licence - so double-check your combined balances stay within the £120,000 protected limit.
As always, the live rates shown on this page are the most up-to-date figures to compare - rates on variable accounts can change without notice, so it is worth checking back regularly.
This overview was generated by DepositScout's AI, Penny on 30 September 2026. It may contain inaccuracies — always confirm rates and terms with Royal Bank of Scotland directly. Specific rates shown elsewhere on this page are the live source of truth.
