Tell me moreRoyalties Private Saver
Access your funds and maximise your returns
Royalties Private Saver is one of our highest paying instant access savings accounts available exclusively to Royalties Private customers.
- Instant access to your savings whenever you need it
- Tiered interest rates, so the more you save the more you earn
- Monthly interest paid into your Royalties Private Saver or another named account
- Minimum balance of £10,000
- Monthly bonus interest, if no withdrawals are made in that month
- Manage your account by phone or online with Direct or Digital banking
Royalties Private Saver (including conditional bonus)
| Gross Rate % | AER % (variable) | Net Rate % | |
|---|---|---|---|
| £250,000 + | 2.72 | 2.75 | 2.18 |
| £100,000 - £249,999 | 2.28 | 2.30 | 1.82 |
| £50,000 - £99,999 | 2.18 | 2.20 | 1.74 |
| £25,000 – £49,999 | 2.08 | 2.10 | 1.66 |
| £10,000 - £24,999 | 1.88 | 1.90 | 1.50 |
| £0 – £9,999 | 0.10 | 0.10 | 0.08 |
Royalties Private Saver (excluding conditional bonus)
| Gross Rate % | AER % (variable) | Net Rate % | |
|---|---|---|---|
| £250,000 + | 2.47 | 2.50 | 1.98 |
| £100,000 - £249,999 | 2.03 | 2.05 | 1.62 |
| £50,000 - £99,999 | 1.93 | 1.95 | 1.54 |
| £25,000 – £49,999 | 1.83 | 1.85 | 1.46 |
| £10,000 - £24,999 | 1.63 | 1.64 | 1.30 |
| £0 – £9,999 | 0.10 | 0.10 | 0.08 |
The gross and net rates quoted include a 0.25% gross p.a. (0.20% net p.a.) bonus. We calculate interest on a daily basis. Bonus interest will be credited monthly at the end of month to your Royalties Private Saver (or another Royal Bank of Scotland account held at the same branch). Bonus interest is payable only if you have not made any withdrawals in that month.
Gross rate - is the rate 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 paid after the deduction of tax.Interest paid monthly.
| Summary Box - Key Information for our Savings Accounts | |
|---|---|
| Account Name | Royalties Private Saver |
| Interest Rate (AERs) | See above |
| Tax Status | Interest is paid after the deduction of 20% tax |
| Conditions for bonus payment | Paid monthly if no withdrawals are made in that month |
| Withdrawal arrangements | Instant Access |
| Access | Branch, Telephone or Internet |
No bonus interest is payable in any calendar month in which a withdrawal is made.
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 £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.
- Please read legal information - terms and conditions covering your use of this website