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Royal Bank launches a range of new savings accounts
Following a remarkable interest in RBS savings accounts, the bank today announces a range of new deals.
Savers looking for a new home for their savings will be spoilt for choice with The Royal Bank of Scotland's Cash ISA with a top rate of 7.25%, the launch of a new two–year fixed–rate bond paying 6.60% APR as well as enticing rates on the very popular internet based Direct Saver paying a bonus rate for 12 months.
NEW RBS CASH ISA
Customers wishing to transfer their cash ISA to RBS will receive a bonus of 2% for 12 months. The following rates are offered on the total balance in the account:
| Tier | Gross/AER% Inc Bonus | Gross/AER% Exc Bonus |
|---|---|---|
| £24,000 | 5.25 | 7.25 |
| £15,000 - £23,999 | 4.95 | 6.95 |
| £9,000 - £14,999 | 4.65 | 6.65 |
| £3,000 - £8,990 | 4.45 | 6.45 |
| £1 - £2,999 | 4.25 | 6.25 |
Existing RBS ISA customers who also have cash ISAs elsewhere can transfer these to RBS to receive the above rates. The offer is available immediately.
RBS FIXED RATE BOND PAYING 6.60%
Savers with more than £10,000 could be earning 6.60% AER in a two–year fixed rate bond. The bond is available from 20th September and is a limited issue. There is also the choice to receive interest monthly or annually.
DIRECT SAVER BONUS
Anyone who opens a Direct Saver account with RBS will receive an additional bonus rate for 12 months.
Open this Internet–based account and receive the following rates:
| Tier | Gross/AER % Exc Bonus | Gross/AER % Inc Bonus |
|---|---|---|
| £50,000 | 4.70 | 6.00 |
| £25,000 - £49,999 | 4.35 | 5.65 |
| £10,000 - £24,999 | 4.20 | 5.50 |
| £5,000 - £9,999 | 3.95 | 5.25 |
| £1 - £4,999 | 3.95 | 5.25 |
The Direct Saver offer is available immediately.
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