Annual Equivalent Rate (AER)
5.25% AER
Monthly Fee
£0
Welcome Bonus
£150
Apply Now →on RBS's website
Minimum Deposit:£1,250
Annual Equivalent Rate (AER):
5.25% AER
Welcome Bonus: £150
Switch to a Reward account and you could get £150.
Monthly Fee:
£0
Minimum Deposit:
£1,250
A key differentiator is the combination of competitive interest rates and a cash bonus for switching, making the RBS Select or Reward Account a strong contender for those looking to maximize their banking benefits. The account's flexibility with no monthly fee adds to its appeal.
Pros:
- Attractive interest rates
- Cash bonus for switching
Cons:
- Minimum deposit requirement
- Monthly fee for some accounts
Overall, the RBS Select or Reward Account is well-suited for individuals seeking a no-fee banking option that offers both a competitive interest rate and a generous welcome bonus, making it an attractive choice for those looking to enhance their savings while enjoying the benefits of flexible account management.