Instant Savings Tracker

Savings with a base rate guarantee

With Instant Savings Tracker, your interest rate is guaranteed not to go lower than a set percentage below the Bank of England base rate until 1 February 2009. 

Plus, benefit from an interest bonus equivalent to 1.50% gross p.a. for six months when you open a new account from 18 December 2008 and keep a minimum balance of £500 in your account during this time.


  • Three free withdrawals per quarter - and further withdrawals cost just £1.50 each
  • Tiered interest rates - the more you save, the more interest you can earn. See the interest rates
  • Make regular deposits - a monthly Standing Order helps to build your savings
  • Manage your money - bank online, by telephone and in-branch. Plus withdraw money at any cash machine where you see the Cirrus symbol
  • Interest is calculated daily and paid annually. Interest rates are variable

Monthly sweep - put your extra money to work

How does it work? Just tell us the date when you'd like us to sweep your Royal Bank of Scotland current account - and we'll put the spare money into your Instant Savings Tracker Account.

Worried about being caught short for cash? There's no need - you can decide on the minimum amount you'd like to stay in your current account after each sweep.

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Instant Savings Tracker (Annual Interest) Excluding conditional bonus


AmountGross Rate % p.a.AER% (variable)Net Rate % p.a.Tracking Rate -% below Bank of England Base Rate
£50,000 +0.750.750.601.25
£25,000 - £49,9990.500.500.401.50
£10,000 - £24,9990.250.250.201.75
£5,000 - £9,9990.200.200.162.35
£500 - £4,9990.200.200.162.60
£1 - £4990.200.200.16n/a

We calculate interest on a daily basis. We add this interest to your account (or to another account at the same branch) every year on the last business day of March. The tracking rate only applies to interest on balances of £500 or more until 1 February 2009. You may make 3 withdrawals without separate charge during each 3 month period that you have your account (the first of which will commence on the date on which the account was opened). We will charge you £1.50 when you make each further withdrawal.

Last updated on 02 January 2009



Instant Savings Tracker (Annual Interest) Including 1.50% conditional bonus


AmountGross Rate % p.a. (including conditional bonus)AER% (variable - including conditional bonus)Net Rate % p.a. (including conditional bonus)Tracking Rate -% below Bank of England Base Rate
£50,000 +2.251.501.801.25
£25,000 - £49,9992.001.251.601.50
£10,000 - £24,9991.751.001.401.75
£500 - £9,9991.700.951.362.35
£1 - £4990.200.200.16n/a

A bonus equivalent to 1.50% gross p.a. is payable for the first six months from account opening on accounts opened from 18 December 2008. The bonus is only applicable on minimum balances of £500 or more and will be paid in two instalments at the end of March 2009 and March 2010, along with the standard interest payment. AERs including conditional bonus have been calculated from the start date of the bonus. Offer may be withdrawn at any time.

Last updated on 02 January 2009



Gross rate - is the interest rate paid before the deduction of tax.

Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.

Net Rate - is the interest rate paid after deduction of tax.

New customers will be asked to provide proof of identity including verification of address.

System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.

The Financial Services Compensation Scheme, set up under the Financial Services and Markets Act 2000, covers your account. For money held in a bank or building society in the UK the scheme will cover up to £35,000 of your claim. Most people who make deposits, including individuals and small firms, are covered. Deposits in all currencies are treated the same. For more information on the conditions of the scheme, please contact the FSCS at www.fscs.org.uk.

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