Royal Bank of Scotland current accounts

Current accounts made simple for you from RBS. Offering you simplicity and flexibility, RBS current accounts are perfect for your everyday banking needs. Moneysupermarket.com lets you compare which current account is best for you

Compare RBS current accounts - Ordered by interest rate (AER)

  1. Great for
    Earn a minimum of 1% cashback at selected retailers and an additional 1% cashback on contactless purchases
    Award winning mobile banking - pay your contacts anytime
  2. Great for
    Ticket booking service, receive 25% cashback on tickets for theatre, dance, opera, concerts and more
    European travel insurance including winter sports, plus mobile phone insurance
    But be aware that
    Monthly fee of £10
  3. Great for
    Worldwide travel insurance and preferential rates on Travel Money
    Other benefits such as National Trust site visits and a free tastecard
    But be aware that
    £16 fee per month
    • Provider/Product name Student Current Account

      Student Current Account

    • Overdraft Rate (EAR) 0% up to £2,000
    • Interest Rate (AER) 0.00%
    • Customer Service Rating
      Great
      46%
      OK
      37%
      Poor
      17%
    • Sorry, we have no link

      Phone

      More details

RBS current accounts

RBS offers a number of different current accounts to customers. They include basic accounts, accounts with benefits and accounts for private banking customers. It also offers current accounts for students and young people. We take a look…

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Basic current accounts from RBS

For an account just offering the fundamentals of banking, RBS has its basic account. You will be issued with a visa debit card and will be able to access bill payment facilities and make cash withdrawals. You can opt to bank digitally, through mobile banking apps or by visiting on of its branches. However, you can only access your money from RBS, NatWest and Ulster Bank cash machines, and if you want an overdraft or cheque book, then this account won’t be for you.

However, the Select account offers all of the above, but also comes with an overdraft facility (subject to eligibility) and a cheque book. Customers can also use standing order and direct debit facilities as well as gain access to emergency money if they lose their debit card. As long as you have at least £20 available, you’ll be given an emergency code to withdraw up to £300 of your money if you’re a telephone banking customer and up to £60 if you’re not.

If you are a customer whose preference is online banking, you can be confident as RBS was awarded Best Online Banking Provider 2011 from Your Money Direct.

Current accounts for young people

If your son/daughter needs a current account, then they could consider the RBS Revolve, specifically designed for 11-18 year olds. This enables young people to earn interest on their money and they’ll get a debit card to use in shops and online. They can even design the look of their debit card with their own artwork or photo. They will have access to top tips on how to manage their money as well as the opportunity to earn money by sharing their ideas.

Students looking for a current account could consider the Student Account. This comes with that all important interest free overdraft, however, to be eligible, your RBS account must be your main bank account. You must pay in at least £750 every six months and make at least three debit transactions every month.

Graduates choosing to open a current account with RBS can enjoy a number of benefits. They include a free tastecard membership (when registered for Digital Banking & paperless statements), access to an arranged overdraft and rewards when you use your debit card.

Current accounts with benefits

If you are looking for a current account that offers you benefits, then you may want to consider the Select Silver Account, which comes with a fee of £10 per month. Being a silver account holder will mean you are eligible for annual European travel insurance, mobile phone insurance including unauthorised calls and a ticket booking service with 25% cashback on tickets for theatre, dance, opera, concerts and more.

For £16 per month, you could opt for the RBS Select Platinum Account which offers a range of benefits. You will be entitled to annual worldwide travel insurance and mobile phone insurance, Green Flag breakdown cover and a free tastecard membership.

Private banking

RBS also offers private banking. The black account is available to anyone with an income of over £100,000 or joint income of £150,000 (paid into your RBS account), or savings of over £50,000 held with them.

The account comes for a charge of £24 a month and has a wide range of benefits such as travel, leisure, protection and banking. Extras include things such as worldwide airport lounge access and 24/7 concierge service.

Choosing the right account

There are a variety of current accounts out there, so when deciding which one to go for, take some time to decide exactly what it is that you need.

Using MoneySuperMarket’s current account channel will allow you to compare a number of accounts and filter your search to concentrate on exactly what it is that you need. This may be an overdraft, benefits, high interest, to name just a few, but comparing will allow you to see what you can expect from each and choose the best current account for you.

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