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Welcome to Limited Edition Saver

Our instant access account rewarding savers

Available until 13 December 2023. This is a limited time offer only and can be withdrawn at any time. To apply, you must be 16+, a UK resident and be a Premier customer with a current account. Sole account only.

Have a glance at our Limited Edition Saver account

Want to make the most of your savings, but need the flexibility to take money whenever you need to? Our Limited Edition Saver could be just what you’re looking for. It gives you:

  • The chance to take advantage of higher interest rates when you save more
  • Instant access so you can take money out whenever you need to, with no early withdrawal charges
  • The flexibility to top up your savings if you want to
  • Interest on your savings paid monthly
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Here's our current offer:

  • Available until 13 December 2023
  • Balances on our highest tier of £250,000+ will receive a fixed rate for 12 months of 4.25% / 4.17% AER/Gross p.a. 
  • Balances on our lowest tier between £1 - £24,999 will receive a variable rate of 1.75% / 1.74% AER/Gross p.a.  
  • Alternate variable rates on balances between £25,000 - £249,999

Remember to read the summary box below before hitting apply.

This is a limited time offer only and can be withdrawn at any time.

How to open a Limited Edition Saver

Open your savings account online

View our current offer and choose your deposit. If you already have a current account with us simply hit apply now and get started.

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Make the most of your interest rate

Sit back relax and keep an eye on how much your money will grow over the next 12 months with no withdrawal restrictions.

What's the interest rate? Open in new window

What happens at the maturity date?

We’ll give you at least 30 days’ notice in advance of the 12 month term coming to an end. Unless we offer you a further fixed rate term, we’ll convert your account to a Primary Savings instant access account.

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Summary Box

Account name: Limited Edition Saver

What's the interest rate?

The interest you earn will depend on the amount you have saved over the course of the year. Interest rates on our instant savings accounts are variable.

Balance

£1 - £24,999
£25,000 - £99,999
£100,000 - £249,999
£250,000+

AER p.a. (variable)

1.75%
2.25%
2.70%
4.25% (fixed)

Gross p.a (variable)

1.74%
2.23%
2.67%
4.17% (fixed)
Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day. During the 12 month term, if you have a balance of £250,000 or more, you will earn the fixed interest rate on your entire account balance. If your balance drops below £250,000 at any time during the 12 month term, interest will be paid at the variable interest rate on a tiered basis. This means you’ll earn one rate on your entire account balance. The tiers are set out above.

Can Royal Bank change the interest rate?

The interest rate on balances of £250,000 or more is fixed at 4.25% AER / 4.17% Gross p.a. for the 12 month term which means that the rate will not change.

The tiered rates on balances below £250,000 are variable and may go up or down. There are a few reasons for this, such as a change in the Bank of England base rate. 

We’ll give you at least 60 days’ notice if the variable rates are going down.  If the rates are going up, we’ll tell you before or shortly after the change. 

You can find a full list of reasons for an interest rate change and more detail about how we’d tell you about a change in section 9.2 of the Savings Account Terms (PDF, 474KB).

What would the estimated balance be after 12 months based on a range of deposits?

The amount you deposit into your instant savings account will determine the interest you earn over the year. In the table below, we list estimates of the interest

Initial deposit amount

£100,000
£250,000
£500,000

Balance after 12 months

£102,702.92
£260,626.56
£521,253.12

Interest earned

£2,702.92
£10,626.56
£21,253.12
These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to the interest rate; and any interest earned stays in the account.

How do I open and manage my account?

Before you apply:

  • You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time.
  • You can only have an account in your sole name.        
  • We will need your email address and mobile number to open your account.
  • You can open your account on our mobile app or online.
  • To open in branch, just bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself. 

Managing your account:

  • You can manage your account on our mobile app, online, by telephone or in branch.
  • You can pay money in by transfer from a current account or savings account held with another bank (by mobile, online or by telephone).
  • You can deposit money at any time but no deposit needs to be made on a regular basis.
  • There is no minimum or maximum balance limit.
  • You are unable to use Round Ups with Limited Edition Saver. 

Key dates

Key dates

Closing date to open your account
12 month fixed term start date
12 month fixed interest term end date

13 December 2023
18 December 2023
18 December 2024

This is a limited time offer only and can be withdrawn at any time. The minimum and maximum balance may change.

Can I withdraw money?

Yes, you can withdraw your money at anytime from your savings account. Simply move the amount you want to your current account held with us using our mobile app, online, by telephone or in branch.

There are daily limits on the amount you can transfer from your account via mobile app, online, by telephone or in branch.

The current daily limits and how to withdraw more than them can be found at rbs.co.uk/what-are-the-payment-limits or by contacting Telephone Banking.

What happens after the 12 month term?

We’ll give you at least 30 days’ notice in advance of the 12 month term coming to an end. Unless we offer you a further fixed rate term, we’ll convert your account to a Primary Savings instant access account.

Definitions

Banking can be confusing sometimes. Here's what some of the words we use mean.

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Get ready to apply

Before you apply, we need to check you're happy with a few things and ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. Please take a look at the important legal info:

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.

How your information might be used

It’s important for you to understand how we use and share your information Please read this short summary before you continue with your application.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.