Skip to content
Did you know your browser is out of date?
To get the best experience when using our website we recommend that you upgrade to the latest version of one of these browsers.

Royal Bank of Scotland

Royal Bank of Scotland savings accounts

  • Compare savings accounts from a variety of providers
  • Choose the type of account that suits your needs
  • Feel in control of your finances

Royal Bank of Scotland offers a range of financial products which includes investments, credit cards, loans, insurance, mortgages and current accounts.

Under its savings banner, the bank also offers a range of options such as ISAs, fixed rate bonds, regular savings and easy access accounts, which can offer competitive rates both online and offline. However, it’s important to compare any Royal Bank of Scotland deals with the wider savings market before applying for any account.

Most branches of Royal Bank of Scotland are in Scotland, and it has around 700 branches in total. Royal Bank of Scotland is one of the retail banking subsidiaries of the Royal Bank of Scotland Group, which also includes NatWest and Ulster Bank.

Royal Bank of Scotland Savings Guide 

There is a range of options when it comes to choosing a savings account, and which is suitable depends on your needs and circumstances. For example, if you are happy to tie up your money for a specific period, then a fixed-rate account could be suitable.

However, if you need access to your cash and you’re seeking flexibility from your savings then an easy access account is likely to be a better option for you. You can increase the sum held in this when you want, and benefit from unlimited withdrawals.

The first step for any savings, however, should be an ISA. This is a savings account held in a tax-free ‘wrapper’ that benefits from tax-free interest, up to a certain annual allowance.

Whichever Royal Bank of Scotland savings account you choose, make sure you understand how it operates and any restrictions on the account.

The first £85,000 of any savings held with Royal Bank of Scotland is protected by the Financial Services Compensation Scheme (FSCS). Typically, this protection applies per bank, not per banking institution. In this case, if you also have savings with NatWest, you will be covered for deposits of up to £85,000 for this bank too.