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- Extra benefit current accounts
- Standard accounts
- Student current account
- Graduate current account
- Bank accounts for young people
Useful information
Royalties Gold
Benefits that could save you money and hassle
You could save up to £896 over a year, including worldwide multi-trip family travel insurance.
Travel - 5 star Defaqto rated worldwide multi-trip family travel insurance and holiday discounts. 
Protection - mobile phone insurance, car breakdown cover, identity theft protection, home emergency cover, extended warranty and great home and car insurance discounts. 
Entertainment - 25% off selected concerts, events, shows and more - when you book through Royalties Membership Services (subject to availability). 
Banking - tailored rates on overdrafts, loans and credit cards. Plus cover if your debit or credit cards are lost or stolen.
- The monthly subscription for the Royalties Gold current account is £12.95.
- Show me all the Royalties Gold benefits
Travel benefits
- 5 star Worldwide multi-trip family travel insurance - cover for you, your spouse or partner and children up to the age of 18 travelling with you (a Royalties Gold extra benefit).
- Holidays with 10% off - selected holidays and flights come with a 10% discount when you book through Royalties Membership Services.
- UK airport executive lounges - complimentary access to selected UK lounges, including Heathrow, Gatwick, Manchester, Edinburgh and Glasgow. Available when you book travel through Royalties Travel Booking Service (a Royalties Gold extra benefit).
- Discounted hotel booking - up to 60% savings at more than 21,000 hotels when you book through Royalties Membership Services or online.
- Travel money - Preferential exchange rates and complimentary delivery on commission-free travel currency - when you order through Royalties Membership Services.
- Overseas money - get money in local currency at cash machines wherever you see the Cirrus or Maestro logo. You can also use your card to buy goods wherever you see the Maestro logo.
- Days out for less - discounts at big name UK attractions and activities.
Protection benefits
- Mobile Phone Insurance – you're covered for one mobile phone and SIM card against accidental or malicious damage, loss and theft up to a maximum retail value of £350 (including VAT). You're also covered for up to £1500 (including VAT) of unauthorised calls per claim for a pay monthly phone and up to £100 for a pay as you go phone. Plus if you have a joint account we will cover up to 2 handsets (Cover commences 21 days after registration).
- Identity Theft Protection - Up to £5,000 worth of cover against expenses to restore your credit status, a fraud resolution service plus a complimentary credit report, online card monitoring service and CIFAS protective registration providing you with extra protection against any potential fraud.
- Home emergency cover - call our 24-hour helpline for assistance in an emergency situation, with cover up to £500 towards the cost of emergency home repairs (a Royalties Gold extra benefit).
- Home insurance - save 25% off our home insurance in the first year.
- Extended warranty - get an extra two years' cover on domestic electrical goods when purchased in full, in one transaction, using a Royal Bank credit, debit or cheque guarantee card (a Royalties Gold extra benefit).
- Car Breakdown cover - award winning car breakdown cover provided by Green Flag, with home and roadside assistance.
- Car Insurance - receive enhanced car breakdown cover when you take out Royalties Motor Insurance.
- Protect your loved ones - £15,000 accidental death insurance (£200,000 if you are travelling as a fare-paying or pass-bearing passenger on licensed transport such as a train or plane). For Joint Royalties Gold account holders, the cover is split equally amongst the account holders. And for persons aged 70 or over, Accidental Death Insurance is reduced by 50%, although passenger cover stays the same(a Royalties Gold extra benefit).
Entertainment benefits
- 700 UK restaurants for 25% less - save on your food and drinks bill when you book through Royalties Membership Services or online. The standard Royalties account offers 450 restaurants (a Royalties Gold extra benefit).
- Tickets for 25% less - book up to six tickets for any one event - including plays, concerts, stand-up comedy, musicals and exhibitions. Available when you book through Royalties Membership Services (a Royalties Gold extra benefit).
Banking benefits
- Discounts and offers - get tailored rates on your credit card plus great deals on mortgages and personal loans (except online loans).
- Tailored credit card rate - enjoy a rate of typical 14.9% APR (variable). That's a 1% APR discount off our standard credit card interest rate. Find out more about our credit cards.
- Royalties Saver Account - an instant access savings account offering preferential rates for Royalties Gold customers.
- Protect your cards - with just one call, you and your household are protected when any registered debit or credit card is lost or stolen. Lose your cards abroad, and we can advance you up to £250 in emergency cash*.
- Lower cost overdrafts - you'll pay no arrangement or renewal fees on overdrafts up to £15,000. And pay no interest on agreed overdrafts up to £250.
- Earn interest - we pay interest on your account; it's calculated daily and credited once every month.
- 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 - complimentary 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.
*Cash advances are subject to status and are interest free provided they are paid back within one calendar month of receipt.
Potential Savings
| Account Benefit | Potential Saving |
|---|---|
| Annual Worldwide Travel Insurance | £160 |
| Mobile Phone Insurance | £109 |
| Car Breakdown Cover | £69 |
| Card Protection | £20 |
| Accidental Death Benefit | £18 |
| ID Theft Protection | £64 |
| Home Emergency Cover | £78 |
| Extended warranty | £150 |
| Travel money home delivery | £20 |
| 25% off Home Insurance | £64 |
| Leisure breaks and holiday discount | £153 |
| 25% off gigs and show tickets | £45 |
| Hotel booking service | £65 |
| UK airport executive lounge access | £37 |
| Total value | £1052 |
| less Annual membership fee | £156 |
| Savings Worth up to | £896 per year |
The examples are for illustration purposes only and are not based on actual RBS customers. The savings shown are representative of those that can be achieved by opening a Royalties Gold Account.
Credit Card Discount
Existing Credit Card customers are not eligible for this offer.
Travel Insurance
Annual Worldwide Family Travel Insurance with winter sports
cover would cost approximately £160. Rated 5* by independent
research agency Defaqto.
Mobile Phone Insurance
Cover for up to 2 mobile phones (for joint account holders) and
SIM cards against loss, theft and accidental damage. Based on Carphone Warehouse Band 4 Lite Cover at £2.11 per week.
25% off gigs and live shows
25% discount on two tickets for a west end show (ticket price £35
per ticket) and 25% on four tickets for a family show (ticket price
£27.50 per ticket) when booked through Royalties Membership
Services. Up to 6 tickets per booking.
Travel Service
10% discount on holidays booked through Royalties
Membership Services. Saving based on 10% discount on 14
nights in Andalucia for 2 adults, with a standard price of £1,582
Freetime Activities
Freetime Activities service is operated by Affinion International
Limited. The price can change on a regular basis and it’s advised
you check directly with the venue before visiting. Please refer to
freetime activities guide for full terms and conditions.
Home Insurance
Based on a 40 year old insuring a 3 bed semi-detached
with £15,000 contents and £100,000 buildings cover
Car Breakdown Cover
Based on Level 2 Green Flag cover for a 35 year old living in Leeds and driving a 2004 Volkswagen.
Home Emergency Cover
Saving based on home emergency service providing £500 cover (including VAT) worth up to £78.
Extended Warranty
Based on Domestic and General Insurance company two year
extended warranty on an Samsung LCD television with a value up to
£1249 for £12.49 per month or £149.88 per annum.
Identity Theft Protection
Example based on Sentinel Identity Theft Protection. £5,000 worth of Insurance to cover the costs to defend and restore your credit status after fraudulent activity
Hotel Booking Service
Example based on a two night stay for two people in a Standard Room at the Hotel Convencion, Madrid between 23rd February 2008 and 25th February 2008 (Subject to availability and change. Correct at time of going to press.)
Card Protection
Saving based on the price of 1 year Sentinel Card Protection Policy.
Arranged by Affinion International Limited and underwritten by
Allianz Insurance plc registered in England No.84638
UK Airport Lounge Access
Saving based on two people departing from Manchester Terminal 2,
Holiday Extras standard retail price.
Mortgages
Special rates are not available on buy-to-let mortgages.
Travel Money Home Delivery
Based on a short break with £300 worth of foreign currency and
complimentary home delivery (worth £5). Plus two holidays
each with a travel money order of £750 worth of sterling
travellers cheques at 1% commission (saving £15)
Interest Rates
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. The exceptions to this are our Key and Cash Accounts, where interest is paid on the first day of each month.
| Gross Rate % | AER % | Net rate % |
|---|---|---|
| 0.15 | 0.15 | 0.12 |
Interest due on overdrawn balances
Arranged Overdrafts
The following rates are effective from 28/04/08
| Amount | Monthly % | EAR % |
|---|---|---|
| All amounts | 1.32 | 17.00 |
| 17.00% EAR typical | ||
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. The exceptions to this are our Key and Cash Accounts, where interest is paid on the first day of each month.
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 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.
Unarranged overdrafts
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). Interest is charged in addition to the Maintenance Charge. The Paid Referral Fee and/or Guaranteed Card Payment Fee may also be payable if the unarranged overdraft arises from an informal request by you for an overdraft.
Historic Credit Interest Rates
| Previous Rate | Current Rate (effective from 02/10/06) | |
|---|---|---|
| Annual Gross Rate % | 0.25 | 0.15 |
| Gross / AER % | 0.25 | 0.15 |
| Net Rate % | 0.20 | 0.12 |
| Unarranged overdafts and unpaid items | 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 for R21**, 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 we decide in our discretion to make the payment, so that an unarranged overdraft is created or increased. | £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 are obliged to make the payment because you have used a cheque guarantee or debit card to guarantee payment to a third party. | £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. 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. | |
| 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. | |
** R21 Account is not available to new customers
- Show me legal information for the Royalties Gold current account
- Show me information on additional services
Important Information
A monthly fee of £12.95 is payable for Royalties Gold from your Royalties Gold Account. 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 the Royalties Gold current account benefits are contained in the Service Guide you will receive after you open your account.
New customers will be asked to provide proof of identity, verification of address and signature.
System updates will mean that our telephone and online banking services are unavailable for short periods in the early hours of the morning.
Credit facilities
Over 18s only.
Royalties Car and Home Insurance
Royalties Motor Insurance and home insurance are underwritten by UK Insurance Limited. Breakdown assistance is provided by Green Flag Motoring Assistance. All are members of The Royal Bank of Scotland Group. UK Insurance Limited is authorised and regulated by the Financial Services Authority. Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England No. 1179980. Cover is subject to their normal acceptance criteria.
Royalties Gold Payment Card Protection and Extended Warranty
Royalties Membership Services is operated by Affinion International Limited acting as agents for the Royal Bank of Scotland plc.
Sentinel® Card Protection is a trading name and registered trademark of Affinion International Limited. Registered address: Charter Court, 50 Windsor Road, Slough, SL1 2EJ, United Kingdom. Registered in England No. 1008797. Affinion International Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Affinion acts as an intermediary for arranging the insurance and provides the administration of the card registration and associated services.
Payment Card Protection and Extended Warranty are underwritten by Allianz Insurance plc Registered in England No. 84638. Registered Office: 57 Ladymead, Guildford, Surrey, GU1 1DB, United Kingdom. Branch Address: Allianz Schemes, 6 Vale Avenue, Tunbridge Wells, TN1 1EH, United Kingdom. Allianz Insurance plc is authorised and regulated by the Financial Services Authority (FSA). Their authorisation can be confirmed by the FSA by calling 0845 606 1234 or at www.fsa.gov.uk. Their FSA registration number is 121849.
Royalties Payment Card Protection and Extended Warranty are subject to Terms and Conditions, a copy of which is available in the back of the service guide you will receive after you convert your account.'
The Royal Bank of Scotland plc.
Registered Office: 36 St. Andrew Square, Edinburgh EH2 2YB
Registered in Scotland No. 90312.