Royal Bank of Scotland

Savings Interest Rates, Switch Offers and Guides for Royal Bank of Scotland

Best rate

5.25%

AER

Savings rates

All rates AER · Updated August 2026

Easy AccessFixed RateCash ISARegular Saver

Flexible Saver

First Saver

0%1%2%3%4%

Rates shown are AER and correct as of August 2026.

Regular Saver

Account	AER	Monthly limit	Interest	Min balance		Details
Digital Regular Saver	5.25%	£150	—	£0

Cash ISA

Account	AER	Access	Transfers in	Min balance
Fixed Rate ISA 1 Year	4.25%	1 Year	Accepted	£1,000
Fixed Rate ISA 2 Year	4.25%	2 Years	Accepted	£1,000
Instant Access ISA	2.45%	Instant access	Accepted	£0

Fixed Rate

Account	AER	Term	Interest paid	Min balance		Details
Fixed Term Savings 1 Year	4.00%	1 Year	Monthly	£1
Fixed Term Savings 2 Year	4.00%	2 Years	Monthly	£1

Easy Access

Account	AER	Access	Interest	Min balance		Details
Flexible Saver	2.10%	Instant	Variable	£1
First Saver	1.60%	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.

Switch offers

Reward Account

£200

£2/mo fee

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.

Offer is available to new and existing customers who did not hold a Royal Bank current account on 06 May 2026. Not eligible if you or anyone on the account has previously received a NatWest Group cash switch incentive. Not eligible if switching an account from NatWest Group, including NatWest or Ulster Bank. The old bank must be part of the Current Account Switch Service; manual or partial switches do not qualify. Specific account eligibility criteria apply. Monthly account fees may apply. Offer may be changed, replaced, or withdrawn at any time.

Select Account

£200

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.

AI overview by Penny

Who they are

Royal Bank of Scotland was founded by royal charter in Edinburgh in 1727 , making it one of the oldest banks in the UK. 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. Today, the bank operates as part of NatWest Group's retail banking division, alongside the NatWest and Ulster Bank brands. In May 2025, the government sold its final shares, returning the group to full private ownership for the first time since 2008.

RBS 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. On the app and digital side, the mobile banking is among the better-rated big-bank apps. One important point for savers with accounts elsewhere in NatWest Group: despite being part of NatWest Group, NatWest and Royal Bank of Scotland hold separate banking licences - and Coutts also has its own licence. That means your FSCS protection with RBS is separate from any money you hold with NatWest.

Savings accounts

Royal Bank of Scotland's savings range covers a few different needs. The standout rate is on the Digital Regular Saver at 5.25% - a good option if you can commit to saving regularly each month. For those who want to lock money away, the Fixed Term Savings accounts run for one or two years, both at 4.00%, and require just £1 to open. If you want the tax shelter of a Cash ISA, the Fixed Rate ISA (available at one or two years) pays 4.25% and requires a £1,000 minimum balance.

For easy access, the picture is more modest. The Flexible Saver is a variable-rate account at 2.10%, while the Instant Access ISA pays 2.45%. The First Saver, aimed at younger savers, pays 1.60%. There is also a Stocks and Shares ISA for those looking to invest rather than save in cash - FSCS protection on that one covers uninvested cash up to £120,000 and investments up to £85,000. All cash savings accounts carry FSCS protection up to £120,000.

Switching to Royal Bank of Scotland

RBS currently offers a £200 cash bonus for switchers on two accounts. The fee-free Select Account and the Reward Account (which carries a £2 monthly fee) both qualify. To get the £200, you need to complete a full switch using the Current Account Switch Service, pay in £1,250 within 60 days (this can be split across multiple payments, but must sit in the account for at least 24 hours), and log in to the Royal Bank mobile app within the same 60-day window. It is straightforward as switch offers go, though worth factoring the Reward Account's monthly fee into your thinking if you choose that route.

Is it right for you?

Royal Bank of Scotland works well for savers who already bank with RBS, live in Scotland, or simply want the reassurance of a long-established institution with solid FSCS cover. The Digital Regular Saver and fixed-rate options are genuinely competitive, but the easy-access variable rates are on the lower side, so it is worth checking whether you can do better elsewhere before parking a large sum in the Flexible Saver.

As always, rates move. Check the live figures on this page for the most up-to-date numbers before you decide.

This overview was generated by DepositScout's AI, Penny on 15 July 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.