This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.45%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.40%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.35%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Hampshire Trust Bank
Online Easy Access Account Hampshire Trust Bank
Min deposit £1
Term Instant Access
Interest AER 4.15%

Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.10%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 4.90%

Why we like it: Unlimited withdrawals subject to 95 days notice.

OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 4.89%

Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 4.84%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.55%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Chip
Easy Access Saver Account Chip
Min deposit £1
Term Easy Access
Interest AER Up to 4.50%

Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.65%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 4.50%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

load more

The Royal Bank of Scotland is offering £200 in cash as a reward for switching to their bank. The offer applies to their Select and Reward Current Accounts. So, here’s everything you need to know about their bank switch offers and how to open a new bank account with RBS.



RBS Select Current Account

Of course, the primary benefit of the RBS Select Account bank switch offer is the £200 cash bonus. However, RBS is offering a few more incentives for choosing this current account, such as:

  • £0.01 minimum opening balance
  • £0 account fees
  • 0% AER interest (annual equivalent rate)

The RBS Select Current Account also gives you access to their Digital Regular Saver. The top rate of interest on this savings account for balances up to £5,000, and the £200 cash reward create a total earning of £508.50 in one year.

RBS Select Account bank switch offer requirements

 Put down a minimum deposit of £1,250

  • Log in to the RBS app within 60 days
  • Apply using the RBS mobile banking app or website (app eligibility criteria apply)

The Royal Bank of Scotland will pay £200 into your new bank account by within 7 days if you meet their criteria for a current account switch.

RBS Reward Current Account

Similar to their Select Current Account, the Royal Bank of Scotland is also offering the £200 cash incentive for switching to their Reward Current Account. This deal also includes up to £5 per month as cashback. Unlike the Select Account, the Reward Current Account does come with a £2 per month fee, meaning you will make £3 per month from their cashback offer.

You can make a total of £236 (inclusive of the account cost) in a year through this bank switch offer. To earn this extra cash through your new bank account, you must:

  • Meet the RBS eligibility requirements
  • Arrange two or more direct debit payments of at least £2
  • Log in to the RBS banking app at least once a month

RBS Reward Account bank switch offer requirements

  • Minimum payment of £1,250 a month
  • Only eligible for one payment for joint account holders
  • Not eligible if you switch in an RBS branch or on a phone call
  • Excluded if you have already used a bank switch offer from RBS, NatWest or Ulster Bank 

Switching to a new RBS Current Account

Before you make the switch to a new bank account, you should compare the differences between the RBS Select and Reward Current Account deals. Take time to consider which plan best suits your long-term financial needs. Once you have chosen your current account, you can sign up online or on the RBS banking app.

Next, the Current Account Switch Service will put your old bank in contact with RBS to begin the transfer process. As part of the Current Account Switch Guarantee, your new bank account will be ready to use within seven working days. It is recommended not to arrange new payments during the switching period as they will not be carried over to your new current account.

On your end, you will be required to complete a current account application form. You must provide RBS with two suitable documents which prove your identity and address, such as your passport, ID, utility bills or payslips. Then, RBS will conduct a credit check. They will also ask you to nominate a switch date that is at least seven working days ahead of the bank switch.

Factors to consider when opening an RBS current account

  • You will need to redirect ongoing payments that are linked to your debit card, not your account
  • You can switch from a sole to a joint account, but not from a joint to a sole account
  • Savings accounts, ISAs and credit cards will not be transferred, but savings products linked to your old current account may be lost
  • Application rejections or opening multiple new bank accounts in a short timespan may negatively affect your credit score






Latest news

Popular Fixed Income Plan - Pays 5.34% pa with Monthly Income

Are you getting 5.34% fixed from your capital?  Read More »

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.