Tell me moreTelephone Saver
Take advantage of our new telephone based savings account
Manage your savings over the telephone with our new Telephone Saver.
- Manage your account at your convenience - keep track of your money 24/7 through our telephone and online banking services
- Instant access - transfer your money instantly between RBS accounts and you're not charged for any withdrawals
- Tiered interest rates - the more you save, the more interest you can earn. See the interest rates
- Start with just £1 - making it easy to start the saving habit
- Make regular deposits - a monthly Standing Order helps to build your savings
- Money transferred instantly - to your other RBS accounts
- Interest calculated daily - and paid annually at the end of March
| Amount | Gross Rate % p.a. | AER% (variable) | Net Rate % p.a. |
|---|---|---|---|
| Telephone Saver | |||
| £50,000 + | 2.50 | 2.50 | 2.00 |
| £10,000 - £49,999 | 2.00 | 2.00 | 1.60 |
| £1 - £9,999 | 1.75 | 1.75 | 1.40 |
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.
Your account will be held at The Royal Bank of Scotland, E-MTA and Savings, 5th Floor, Tay House, 300 Bath Street, Glasgow, G2 4RS
Deposits from an account at other UK banks or building societies will normally be in your Telephone Saver account in 3 working days after we receive transfer instructions and available for withdrawal after 6 working days. The Direct Deposit transaction limit is £100,000.
Withdrawals to an account at other UK banks or building societies will normally reach the payee's account in 3 working days. The direct payment daily limit is £10,000.
New customers will be asked to provide proof of identity including verification of signature.
Interest is paid gross or net of the lower rate of Income Tax depending on your tax position.
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 £50,000 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.
Further details of the Scheme are available on request.
System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.
- Apply online for this account
- Please also read our website terms and conditions which cover your use of this website
