Royalties Private

As a member, you will have benefits in these key areas:

• Banking - for personalised banking, plus tailored rates and discounts
• Protection - protection for your home, your family, even your iPod
• Travel - exclusive travel and leisure discounts
• Entertainment - 25% off selected concerts, events, shows and more

Move to Private Banking and you will also receive a distinctive cheque book and debit card.

• Show me all the benefits of Royalties Private

• Technology-related protection - cover your iPod, laptop and other gadgets. Register more than one item - to a combined value of £1000 including VAT.
• Mobile phone insurance - covers up to four phones for each Royalties Private account up to original value of £450 (including VAT) per phone and protect against loss, theft, accidental damage, breakdown or unauthorised phone calls. (Cover commences 21 days after registration).
• Identity theft protection - up to £10,000 worth of protection to cover the cost of defending and restoring your credit status plus a complimentary credit report, online card monitoring and CIFAS registration.
• DataPatrol - Defend yourself online and protect your identity with online monitoring of your sensitive and personal information on the Internet.
• 24/7 home emergency cover - up to £500 of cover (including VAT) to pay for a registered trades person
• Extended warranty - an extra two years' warranty on domestic electrical goods
• Payment card protection - could cover your registered cards - even the non-RBS ones - against loss and theft. Up to £6000 worth of cover per incident for losses that happen before we are notified. Cancel all your cards with a single call 24 hours a day.
• Accidental death insurance - £50,000 worth of automatic cover. Cover split equally for joint account holders. If you are over 70 the cover is reduced by 50%

• 5 Star Defaqto rated travel insurance - automatic cover for you and any immediate family with our Defaqto rated five star worldwide multi-trip family travel insurance. Terms and conditions apply
• Commission-free travel money - preferential rates and free next day delivery when booked through Royalties Membership Services
• Personal Travel Advisers - to arrange and book your itinerary, offer advice and provide information. They will also save you 10% on selected flights, city breaks and other holidays
• Worldwide airport lounges - a complimentary Priority Pass will give your party access to 500 airport lounges worldwide for a small fee
• UK executive airport lounges - book your flight through our Personal Travel Advisers and access 16 luxury lounges in major UK airports free of charge
• Complimentary car upgrade - guaranteed upgrade plus a 10% discount on rental price when you book through Personal Travel Advisers
• Hotel discounts - up to 60% discount at thousands of hotels around the world when you book through Royalties Member Services

• Discounted tickets - 25% off the ticket price for UK theatre productions, concerts, stand up comedy, exhibitions and more when you book through Royalties Member Services
• Concierge service - a Lifestyle Manager to make restaurant reservations, book music and sports events, devise itineraries, provide gift ideas and generally make life easier

• Tailored overdraft rate - plus interest-free overdraft of up to £500
• Tailored Loan rates
• Tailored credit interest rate - higher than the Private Bank account rate
• Royalties Private Saver - an exclusive savings account for Royalties Private Customers. This account provides a tailored rate and instant access for customers with a minimum deposit of £10,000.
• Tax service - specialist help to manage your tax affairs
• Exclusive mortgage deals - you could make long-term savings with our special deals
• Complimentary Mobile Phone Banking and Text Alerts - you can now enjoy the freedom and flexibility of our safe and secure mobile phone banking and text alert service, giving you fast access to your account information.
• Emergency Cash - free use of our Emergency Cash service allows you to get money out from a cash machine anytime, day or night should your debit card be lost or stolen.
  Withdraw up to £300 from RBS, NatWest or Tesco Personal Finance cash machine.

• Show me rates and charges for Royalties Private

• Click here to download a full copy of our fees and rates leaflets

Important information

This page shows the existing current account interest rates. Historical interest rates are shown also.

Please note, the interest rates we charge on arranged overdrafts for Royalties Private are changing to a single tier from 28 April 2008.

Please click here for details of the new rates and the previous rates

A monthly fee of £18 for Royalties Private is payable. The monthly membership fee will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as "CHG". The charging period normally ends on the date that we send your statement to you.

We're committed to helping you get the most out of your account - which includes making you aware of the charges and rates of interest that apply. It's important that you read this information.

All charges and rates shown are correct as at 28/04/08 and are subject to variation.

Interest we pay you

The annual rates of interest paid on credit balances are as follows:

Calculation and application of interest

Interest is calculated on a daily basis and paid into your account once a month, usually the day after we send your statement to you.

Gross rate

'Gross rate' means the rate you are paid before the deduction of 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 interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

Net rate

This means the interest rate paid after the deduction of tax.

Effective Annual Rate of Interest (EAR)

This is the real annual cost of an overdraft stated as annual rate which takes into account how often interest is charged to the account. All other charges, for example arrangement fees, are shown separately from the EAR.

Tax allowance

In most instances, interest is paid after the deduction of 20% tax - unless you are a non-taxpayer or overseas resident, in which case you can have interest paid without the deduction of income tax. Simply complete the necessary forms. Ask your relationship manager for further information.

Arranged overdrafts

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest. If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance – please note that this includes the part of the balance which is within any interest free threshold that applies to your account. However, we will not charge interest on any part of the overdrawn balance which represents either (i) a Default Notice Fee or other sum (apart from interest) you must pay us in connection with a breach of your obligations under your agreement with us; or (ii) a Maintenance Charge, Paid Referral Fee, Guaranteed Card Payment Fee or Unpaid Item Fee.

Interest free thresholds

Royalties Private £500

Current Rates

The following rates are effective from 28 April 2008:

Previous Rates

Any amount overdrawn without an arranged overdraft or in excess of the arranged overdraft limit will be charged at a rate of 2.2% per month, which is equivalent to 29.84% EAR Typical (variable). However, we will not charge interest on any part of the overdrawn balance which represents a Default Notice Fee or other sum (apart from interest) you must pay us in connection with a breach of your obligations under your agreement with us; or a Maintenance Charge, Paid Referral Fee, Guaranteed Card Payment Fee or Unpaid Item Fee.

How and when interest is charged

Interest on arranged and unarranged overdrafts is calculated daily and charged, 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally corresponds with the date we send your statement to you.

Effective Annual Rate of Interest (EAR)

The EAR is the real annual cost of an overdraft, stated as an annual rate which takes into account how often interest is charged to the account. All other charges - arrangement fees, for example - are shown separately from the EAR below.

For more details on our current interest rates:

• phone our helpline - 0800 121 129 (Minicom 0800 404 6160)
• look on our website - www.rbs.co.uk/privatebanking
• look out for the notices in-branch
• ask your Relationship Manager

This charge will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as 'CHG'.

Unarranged overdrafts and unpaid items - charges	Fee amount
Maintenance Charge
If your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded, you will be liable for a monthly Maintenance Charge. The Maintenance Charge will be applied if you have an unarranged overdraft at any time during a monthly charging period. The charging period normally ends on the date that we send your statement to you.	£28 (£10 Student Royalties, and Graduate Royalties)
When charged 16 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday).
Paid Referral Fee
A Paid Referral Fee will be payable if: you informally request an overdraft by issuing instructions for a withdrawal or other payment on your account; and the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and an unarranged overdraft is created or increased because we decide we are willing to accept your request.	£30 for each day on which a Paid Referral occurs (subject to a maximum of £90 in any calendar month)
When charged On the sixth business day of the calendar month after the calendar month in which the transaction(s) took place.
Guaranteed Card Payment Fee
A Guaranteed Card Payment Fee will be payable if: you informally request an overdraft by issuing instructions for a withdrawal or other payment on your account; and the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and we decide we are not willing to accept your request but nonetheless accept it because we find that you have guaranteed payment by the use of a cheque guarantee card or debit card.	£35 for each transaction
When charged At the time the transaction is paid or taken from your account.
Unpaid Item Fee
An Unpaid Item Fee will be payable if: you informally request an overdraft by issuing instructions for a withdrawal or other payment; and the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and we decide in our discretion not to make the payment.	£38 for each item (subject to a maximum of £114 per day)
When charged At the time we decide not to make the payment.
Making an informal request for an overdraft means you will have to pay a Paid Referral Fee, a Guaranteed Card Payment Fee or an Unpaid Item Fee. If an unarranged overdraft arises, you will also have to pay the Maintenance Charge and interest on the amount overdrawn (except so far as it represents fees, charges or costs of the kind described in section 6 of our leaflet Private Banking Charges and Rates of Interest (PDF, 217KB) under the heading Sums which do not bear interest). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Unpaid Items in our leaflet How to make the most of your account (PDF, 1.2MB).
Enforcement
A Default Notice Fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply.	£30 per notice
When charged Within four days of the Default Notice being served.

Other services

We also provide a number of other useful services, including stock exchange transactions and international services. For more details of these and any related charges, please ask your Relationship Manager.

• Show me legal information for Royalties Private

A monthly fee of £18 for Royalties Private is payable. The monthly membership fee will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as “CHG”. The charging period normally ends on the date that we send your statement to you.

Conditions apply to benefits. Full details of all the Royalties Private account are contained in the Service Guide you will receive after you convert your account.

Interest is paid gross or net of the lower rate of Income Tax depending on your tax position.

New customers will be asked to provide proof of identity, verification of address and signature.

Credit facilities: over 18s only.

Calls may be recorded.

System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.

• Download the full terms and conditions which apply to this account.

• Please read legal information - terms and conditions covering your use of this website