Instant access savings accounts - Online savings – RBS

Instant Saver

Our free instant access savings account

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We are the first Retail bank to be awarded the 5 star accreditation by Fairbanking.

Instant Saver Reach your savings goal with our free instant access savings account

Our Instant Saver lets you:

  • Instant access to your savings - there are no withdrawal penalties, so you can take money out whenever you want
  • Watch your savings grow - interest is calculated daily and paid on the first business day of the month. The interest rate is variable so it can go up as well as down. 
  • Manage your account your way! - online, in branch or by phone
  • Online savings account tools - to assist you in budgeting so you can save and set and reach savings goals





AER/Gross p. a. (variable)

£1 - £49,999


£50,000 +


Rates shown are correct as at 31 October 2016

What you should know

  • The account is for customers aged 16 and over
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of basic rate income tax.



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Your Savings Goals It's easy to track how your savings are doing against your goal

Whether you are saving for a holiday or a rainy day our online Savings Goal Tool can help you set up a goal, track it and achieve it.

You will have to be registered for Digital Banking to use your Savings Goals and only one goal can be set up per savings account. 

Find out more about our Savings Goal Tool
Important information Please read before you apply

These handy documents contain everything you need to know about our Instant Saver.

Got an existing RBS instant access savings account? Manage your savings account online

From finding out more about the recent changes to our savings account range or to find out how our budgeting tool could help you start saving for the future. You’ll find everything you’ll need to manage your account here.

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