Instant accounts

Instant access savings

ISAs

ISAs

Notice accounts & bonds

Notice accounts and bonds

Investing

Investing

Useful Information

Current interest rates

Useful Information

Interest rate page updated 02/01/09.

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.
Direct Saver (Annual Interest)
£50,000 +	1.70	1.70	1.36
£25,000 - £49,999	1.35	1.35	1.08
£10,000 - £24,999	1.20	1.20	0.96
£1 - £9,999	0.95	0.95	0.76
Direct Saver (Annual Interest including bonus)
£50,000 +	3.00	3.00	2.40
£25,000 - £49,999	2.65	2.65	2.12
£10,000 - £24,999	2.50	2.50	2.00
£1 - £9,999	2.25	2.25	1.80
Bonus of 1.30% gross is for customers who opened a Direct Saver account between 19 September 2008 - 01 January 2009. Interest is paid annually to the account. The bonus interest will be applied from the last business day of the month following the month in which your account is opened. It will be paid in two instalments, in April 2009 and April 2010, along with the standard interest payment. The Gross and AER rates are applicable from the start date of the bonus. This limited period offer is now closed. Last updated on: 02 January 2009.

Amount	Gross Rate % p.a. *	AER% (variable)	Net Rate % p.a. *
Bonus 30 Account (Annual Interest) *
£100,000 +	1.30	0.30	1.04
£50,000 - £99,999	1.25	0.25	1.00
£25,000 - £49,999	1.20	0.20	0.96
£10,000 - £24,999	1.20	0.20	0.96
£1 - £9,999	1.20	0.20	0.96
*The gross and net rates for the current interest rates illustrate the interest rate when a full year's bonus is payable. A bonus of 1.00% gross per annum is paid annually on the last business day of March (where you have made no more than 4 withdrawals during the annual period) and is calculated on the daily cleared credit balance for that annual period (starting on the last business day of March). Last updated on 02 January 2009
Royalties Saver Account (Annual Interest)
£250,000 +	1.85	1.85	1.48
£100,000 - £249,999	1.75	1.75	1.40
£50,000 - £99,999	1.65	1.65	1.32
£25,000 - £49,999	1.55	1.55	1.24
£2,000 - £24,999	1.35	1.35	1.08
£0 - £1,999	0.10	0.10	0.08
We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) annually at the end of March. This account is only available to Royalties Gold, and Royalties Private account holders and those we invite to open an account. Last updated on 02 January 2009
Royalties Saver Account (Annual Interest) with 2% Bonus
£250,000 +	3.85	2.85	3.08
£100,000 - £249,999	3.75	2.75	3.00
£50,000 - £99,999	3.65	2.65	2.92
£25,000 - £49,999	3.55	2.55	2.84
£2,000 - £24,999	3.35	2.35	2.68
£0 - £1,999	0.10	0.10	0.08
A bonus equivalent to 2.00% 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 £2,000 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
Private Banking Deposit Account (Monthly Interest)
£1,000,000 +	1.49	1.50	1.19
£100,000 - £999,999	1.04	1.04	0.83
£50,000 - £99,999	0.80	0.80	0.64
£25,000 - £49,999	0.55	0.55	0.44
£10,000 - £24,999	0.30	0.30	0.24
£5,000 - £9,999	0.30	0.30	0.24
£1 - £4,999	0.20	0.20	0.16
Last updated on 02 January 2009

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.
Instant Access Savings Account (Annual Interest)
£1 +	0.20	0.20	0.16
Last updated on 02 January 2009
Offset Instant Access Savings Account (Monthly Interest)
£1 +	0.20	0.20	0.16
Last updated on 02 January 2009

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.
Telephone Saver
£50,000 +	1.50	1.50	1.20
£10,000 - £49,999	1.00	1.00	0.80
£1 - £9,999	0.75	0.75	0.60
Last updated on 02 January 2009

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.	Tracking Rate -% below Bank of England Base Rate
Instant Savings Tracker (Annual Interest) Excluding Conditional Bonus
£50,000 +	0.75	0.75	0.60	1.25
£25,000 - £49,999	0.50	0.50	0.40	1.50
£10,000 - £24,999	0.25	0.25	0.20	1.75
£5,000 - £9,999	0.20	0.20	0.16	2.35
£500 - £4,999	0.20	0.20	0.16	2.60
£1 - £499	0.20	0.20	0.16	n/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.
Instant Savings Tracker (Annual Interest) Including 1.50% Conditional Bonus
£50,000 +	2.25	1.50	1.80	1.25
£25,000 - £49,999	2.00	1.25	1.60	1.50
£10,000 - £24,999	1.75	1.00	1.40	1.75
£5,000 - £9,999	1.70	0.95	1.36	2.35
£500 - £4,999	1.70	0.95	1.36	2.60
£1 - £499	0.20	0.20	0.16	n/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

Amount	Gross Rate % p.a.	AER%	Net Rate % p.a.
One Year Fixed Rate Bond Issue 284 (Annual Interest) Start Date: 29 January 2009 Maturity Date: 29 January 2010
£5,000 - £49,999	3.25	3.25	2.60
£50,000 - £99,999	3.75	3.75	3.00
£100,000 +	4.00	4.00	3.20
Any deposits made before 29 January 2009 (i.e. before the start date of the Bond) will attract a rate equivalent to 0.25% below Bank of England Base Rate p.a. until 29 January 2009.
One Year Fixed Rate Bond Issue 284 (Monthly Interest) Start Date: 29 January 2009 Maturity Date: 29 January 2010
£5,000 - £49,999	3.20	n/a	2.56
£50,000 - £99,999	3.69	n/a	2.95
£100,000 +	3.93	n/a	3.14
Any deposits made before 29 January 2009 (i.e. before the start date of the Bond) will attract a rate equivalent to 0.25% below Bank of England Base Rate p.a. until 29 January 2009. Fixed Rate Bond - Withdrawal conditions: No Partial withdrawals are allowed. An early closure of the bond will incur an early redemption fee equivalent to 60 days gross interest.

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.	Tracking Rate -% below Bank of England Base Rate
First Home Saver (Annual Interest) Excluding Conditional Bonus
£50,000 +	0.75	0.75	0.60	1.25
£25,000 - £49,999	0.50	0.50	0.40	1.50
£10,000 - £24,999	0.25	0.25	0.20	1.75
£5,000 - £9,999	0.20	0.20	0.16	2.35
£500 - £4,999	0.20	0.20	0.16	2.60
£1 - £499	0.20	0.20	0.16	n/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.
First Home Saver (Annual Interest) Including 1.50% Conditional Bonus
£50,000 +	2.25	1.50	1.80	1.25
£25,000 - £49,999	2.00	1.25	1.60	1.50
£10,000 - £24,999	1.75	1.00	1.40	1.75
£5,000 - £9,999	1.70	0.95	1.36	2.35
£500 - £4,999	1.70	0.95	1.36	2.60
£1 - £499	0.20	0.20	0.16	n/a

Amount	Cashback
First Home Saver Tax-free Cashback
Over £50,000	£5,000
Up to £50,000	£2,500
Up to £25,000	£1,000
Up to £10,000	£500
£500 to £5,000	£100
Cash back is paid provided the Terms and Conditions of the First Home Saver Account are met. The amount of cashback is based on the lowest savings balance in the 6 months before the mortgage is drawn down. It is exempt from tax as it falls within HM Revenue & Customs Statement of Practice SP4/97.

Amount	Gross Rate %	AER% (variable)	Net Rate%
Rainbow Savings account (Annual Interest)
£1 +	1.35	1.35	1.08
Last updated on 02 January 2009

Amount	Gross Rate % p.a.	AER% (variable)	Net Rate % p.a.
Instant Access Cash ISA (Annual Interest)
£24,000 +	2.50	2.50	n/a
£15,000 - £23,999	2.20	2.20	n/a
£9,000 - £14,999	1.65	1.65	n/a
£3,000 - £8,999	1.45	1.45	n/a
£1 - £2,999	1.25	1.25	n/a
Instant Access Cash ISA (Annual Interest with 1.75% bonus)*
£24,000 +	4.25	4.25	n/a
£15,000 - £23,999	3.95	3.95	n/a
£9,000 - £14,999	3.40	3.40	n/a
£3,000 - £8,999	3.20	3.20	n/a
£1 - £2,999	3.00	3.00	n/a
*For customers who apply to transfer from 10 November 2008 until 18 December 2008.
Instant Access Cash ISA (Annual Interest with 2% bonus)**
£24,000 +	4.50	4.50	n/a
£15,000 - £23,999	4.20	4.20	n/a
£9,000 - £14,999	3.65	3.65	n/a
£3,000 - £8,999	3.45	3.45	n/a
£1 - £2,999	3.25	3.25	n/a
For customers who applied to transfer from 18 September 2008 until 09 November 2008. How it's calculated - we apply the bonus from the date we receive your Cash ISA transfer form. However, the 12 month period starts when we receive the funds from your old Cash ISA provider. So you could get our market-leading rate for longer than 12 months. Paying your interest and bonus - we pay the interest annually to the account, or another account at the same branch. We'll pay the bonus in two instalments - at the end of March 2009 and March 2010. Eligible transfers** - the bonus is for customers transferring in ISA funds from another provider. This excludes transfers within the RBS Group (including NatWest). This limited period offer is now closed. Last updated on 02 January 2009

Amount	Gross Rate %	AER% (variable)	Net Rate%
Royalties Saver Account (Annual Interest)
£250,000 +	1.85	1.85	1.48
£100,000 - £249,999	1.75	1.75	1.40
£50,000 - £99,999	1.65	1.65	1.32
£25,000 - £49,999	1.55	1.55	1.24
£2,000 - £24,999	1.35	1.35	1.08
£0 - £1,999	0.10	0.10	0.08
We calculate interest on a daily basis. We add this interest to your account (or to another account held at the same branch) annually at the end of March. This account is only available to Royalties Gold, and Royalties Private account holders and those we invite to open an account. Last updated on 02 January 2009
Royalties Saver Account (Annual Interest) with 2% Bonus
£250,000 +	3.85	2.85	3.08
£100,000 - £249,999	3.75	2.75	3.00
£50,000 - £99,999	3.65	2.65	2.92
£25,000 - £49,999	3.55	2.55	2.84
£2,000 - £24,999	3.35	2.35	2.68
£0 - £1,999	0.10	0.10	0.08
A bonus equivalent to 2.00% 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 £2,000 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

'Gross rate' means the interest rate you are paid before the deduction of income tax.

Annual Equivalent Rate (AER)

This is the notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus payable) would be if paid and compounded on an annual basis.

Net Rate

This is the interest rate you are paid after the deduction of income tax.

Please also read our website terms and conditions which cover your use of this website

Online Banking

Instant accounts

ISAs

Notice accounts & bonds

Investing

Useful Information

Current interest rates

Useful Information

Gross rate

Annual Equivalent Rate (AER)

Net Rate