Royal Bank of Scotland

Royal Bank of Scotland (RBS) is one of the largest banks in the UK, and was founded in 1727. It was established in its current form in 1969, following a merger with the National Commercial Bank of Scotland.

RBS is the main brand of Royal Bank of Scotland Group, which has its headquarters in Edinburgh. It is listed on the London Stock Exchange and is a member of the FTSE 100.

RBS offers the full range of banking products, from current and savings accounts to personal loans, mortgages and credit cards. It also offers a range of insurance products.

As well as the RBS brand, the Royal Bank of Scotland group also owns Natwest and Ulster Bank. 

Royal Bank of Scotland
Visit provider's website

We don't get paid for any links on our site.

Bank accounts

Ranked 28th of 28 providers reviewed.

Customer happiness 48.44%
Customer trust 42.85%
Complaints performance 60.83%
Transparency rating 77.55%
Fairer Finance score
Reviewed Autumn 2022
57%

Credit cards

Ranked 26th of 31 providers reviewed.

Customer happiness 51.59%
Customer trust 44.65%
Complaints performance 60.83%
Transparency rating 57.6%
Fairer Finance score
Reviewed Autumn 2022
54%

Home insurance (building and contents)

Ranked 28th of 48 providers reviewed.

Customer happiness 46.57%
Customer trust 48.04%
Complaints performance 75.83%
Transparency rating 82.37%
Fairer Finance score
Reviewed Autumn 2022
63%

Mortgages

Ranked 21st of 23 providers reviewed.

Customer happiness 52.55%
Customer trust 44.39%
Complaints performance 75.46%
Transparency rating 57.78%
Fairer Finance score
Reviewed Autumn 2022
58%

Personal loans

Ranked 19th of 26 providers reviewed.

Customer happiness 57.87%
Customer trust 49.54%
Complaints performance 60.83%
Transparency rating 76%
Fairer Finance score
Reviewed Autumn 2022
61%

Savings Accounts

Ranked 45th of 50 providers reviewed.

Customer happiness 45.13%
Customer trust 44.96%
Complaints performance 60.83%
Transparency rating 77.14%
Fairer Finance score
Reviewed Autumn 2022
57%

Bank accounts

Basic bank accounts

Royal Bank of Scotland

Foundation Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Faster Payment limit i £20,000.00
Maximum cash machine withdrawal per day i £300.00

Current accounts

5 stars
Annual fee i £24.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i
4 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £250.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Royal Bank of Scotland

Premier Reward Black

3 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Reward Silver

3 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Reward Platinum

3 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Foundation Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Premier Reward Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Premier Select Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals
1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals
1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Royal Bank of Scotland

Student bank account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Royal Bank of Scotland

Premier Select Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 19.49%

Royal Bank of Scotland

Premier Reward Black

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 19.49%
1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.49%
1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.49%

Royal Bank of Scotland

Reward Silver

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.49%

Royal Bank of Scotland

Reward Platinum

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.49%

Royal Bank of Scotland

Premier Reward Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.49%

Premium bank accounts

Royal Bank of Scotland

Reward Platinum

4 stars
Add-ons, cashback and rewards i £5/month rewards (requires at least two direct debits of at least £2 each and one mobile app login), UK Insurance worldwide travel insurance (including winter sports), UK Insurance UK breakdown insurance, AIG phone insurance, Tastecard, up to 40% off cinema tickets
Part of FSCS or international equivalent i

Royal Bank of Scotland

Reward Silver

3 stars
Add-ons, cashback and rewards i £5/month rewards (requires at least two direct debits of at least £2 each and one mobile app login), UK Insurance LTD European travel insurance (including winter sports) for holder and family, AIG phone insurance, Tastecard, up to 40% off cinema tickets
Part of FSCS or international equivalent i

Student bank accounts

Royal Bank of Scotland

Student bank account

4 stars
Arranged overdraft limit i £2,000 (£500 in first term)
Tiered repayment of overdraft i
Switching / sign up incentive i 4 year Tastecard and £80

Business Credit Cards

Everyday Business Credit Cards

Royal Bank of Scotland

Business Credit Card Mastercard

2 stars
Representative APR i 24.3%
Annual fee in first year i £30.00
Using card in Europe charge i 2.95%
Using card worldwide charge i 2.95%

Foreign Use Business Credit Cards

Royal Bank of Scotland

Business Plus Credit Card Mastercard

4 stars
Using card in Europe charge i 0%
Using card worldwide charge i 0%
Annual fee in first year i £70.00
Representative APR i 29%
Rewards i Get 0.5% cashback on every purchase, Limited to £400 per year, 2% on eligible trade/business suppliers and 1% on eligible fuel and accommodation.

Royal Bank of Scotland

Business Credit Card Mastercard

3 stars
Using card in Europe charge i 2.95%
Using card worldwide charge i 2.95%
Annual fee in first year i £30.00
Representative APR i 24.3%
Rewards i

Reward Business Credit Cards

Royal Bank of Scotland

Business Plus Credit Card Mastercard

1 stars
Rewards i Get 0.5% cashback on every purchase, Limited to £400 per year, 2% on eligible trade/business suppliers and 1% on eligible fuel and accommodation.
Annual Purchase Rate i 13.9%
Annual fee in first year i £70.00
Annual fee after first year i £70.00
Representative APR i 29%
Annual cash withdrawal rate i 13.9%
Using card Europe charge i 0%
Using card worldwide charge i 0%

Credit cards

0% balance transfer credit cards

Royal Bank of Scotland

Balance Transfer Credit Card

4 stars
Duration of 0% balance transfer offer period i 22 months
Balance transfer fee during promotional period i 0%
Representative APR i 21.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 0%
Representative balance transfer rate i 1.733%
Risk based? i

Royal Bank of Scotland

Purchase and Balance Transfer Credit Card

3 stars
Duration of 0% balance transfer offer period i 24 months
Balance transfer fee during promotional period i 2.9%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.9%
Representative balance transfer rate i 1.733%
Risk based? i

Royal Bank of Scotland

Longer Balance Transfer Credit Card

3 stars
Duration of 0% balance transfer offer period i 33 months
Balance transfer fee during promotional period i 2.9%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.9%
Representative balance transfer rate i 1.733%
Risk based? i

0% purchase credit cards

Royal Bank of Scotland

Purchase and Balance Transfer Credit Card

4 stars
Duration of purchases offer period i 24 months
Representative APR i 22.9%
Highest APR i 29.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.733%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Royal Bank of Scotland

Balance Transfer Credit Card

3 stars
Duration of purchases offer period i 3 months
Representative APR i 21.9%
Highest APR i 29.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.663%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Royal Bank of Scotland

Longer Balance Transfer Credit Card

3 stars
Duration of purchases offer period i 3 months
Representative APR i 22.9%
Highest APR i 29.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.733%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Cashback and reward credit cards

2 stars
Reward extras i
Representative APR i 26.8%
Risk based? i
Annual fee in first year i £24.00
Annual fee after first year i £24.00
Foreign purchase fee i 2.75%

Royal Bank of Scotland

Reward Black

1 stars
Reward extras i
Representative APR i 40.7%
Risk based? i
Annual fee in first year i £84.00
Annual fee after first year i £84.00
Foreign purchase fee i 0%

Foreign use credit cards

Royal Bank of Scotland

Reward Black

3 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 3%
Representative APR i 40.7%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.663%

Royal Bank of Scotland

Royal Bank Credit Card

3 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 3%
Representative APR i 12.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.016%

Royal Bank of Scotland

Longer Balance Transfer Credit Card

1 stars
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.733%

Royal Bank of Scotland

Purchase and Balance Transfer Credit Card

1 stars
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.733%

Royal Bank of Scotland

Balance Transfer Credit Card

1 stars
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3%
Representative APR i 21.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.663%
1 stars
Foreign purchase fee i 2.75%
Foreign withdrawal fee i 3%
Representative APR i 26.8%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.663%

Low rate credit cards

Royal Bank of Scotland

Royal Bank Credit Card

1 stars
Representative APR i 12.9%
Highest APR i 19.9%
Representative purchase rate i 1.016%
Risk based? i
Representative balance transfer rate i 1.016%
Representative money transfer rate i 2.005%

Money transfer credit cards

Royal Bank of Scotland

Longer Balance Transfer Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 2.005%

Royal Bank of Scotland

Purchase and Balance Transfer Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 2.005%

Royal Bank of Scotland

Royal Bank Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 12.9%
Risk based? i
Representative cash transaction interest rate i 2.005%
1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 26.8%
Risk based? i
Representative cash transaction interest rate i 2.005%

Royal Bank of Scotland

Reward Black

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 40.7%
Risk based? i
Representative cash transaction interest rate i 2.005%

Royal Bank of Scotland

Balance Transfer Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 21.9%
Risk based? i
Representative cash transaction interest rate i 2.005%

Home insurance (building and contents)

Royal Bank of Scotland

Home Insurance

3 stars
Matching sets (Contents) i
Theft from outbuildings cover limit i £2,500.00
Escape of water excess i £450.00
Garden plants i £1,000.00
Alternative accommodation cover limit for contents i £15,000.00
Alternative accommodation cover limit for buildings i £50,000.00
Cover for keys if lost i Sum insured
Money in the home i £500.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Royal Bank of Scotland

Elite Home Insurance

3 stars
Matching sets (Contents) i
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £450.00
Garden plants i £2,500.00
Alternative accommodation cover limit for contents i £30,000.00
Alternative accommodation cover limit for buildings i £25,000.00
Cover for keys if lost i Sum insured
Money in the home i £1,000.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Buildings insurance

Royal Bank of Scotland

Elite Home Insurance

4 stars
Trace and Access i £5,000.00
Cover for keys if lost i Sum insured
Matching sets i
Rainfall (mm) i Not Defined
Alternative accommodation cover limit i £25,000.00
Cover for keys if stolen i Sum insured
Compulsory excess i £50.00
Escape of water excess i £500.00
24hr helpline i
Property owner liability i £5,000,000.00

Royal Bank of Scotland

Home Insurance

3 stars
Trace and Access i £5,000.00
Cover for keys if lost i Sum insured
Matching sets i
Rainfall (mm) i Not Defined
Alternative accommodation cover limit i £50,000.00
Cover for keys if stolen i Sum insured
Compulsory excess i £50.00
Escape of water excess i £500.00
24hr helpline i
Property owner liability i £2,000,000.00

Contents insurance

Royal Bank of Scotland

Elite Home Insurance

4 stars
Matching sets i
Cover for keys if lost i Sum insured
Theft from outbuildings cover limit i £5,000.00
Cycles included whilst in the home i Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i Sum insured
Money in the home i £1,000.00
Alternative accommodation cover limit i £30,000.00
24hr helpline i

Royal Bank of Scotland

Home Insurance

3 stars
Matching sets i
Cover for keys if lost i Sum insured
Theft from outbuildings cover limit i £2,500.00
Cycles included whilst in the home i Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i Sum insured
Money in the home i £500.00
Alternative accommodation cover limit i £15,000.00
24hr helpline i

Life insurance

Over 50s life insurance

Royal Bank of Scotland

Guaranteed Sixty-Plus Life Insurance (increasing insurance)

3 stars
Age when premiums stop i 90
Cover for accidental death in waiting period i 3x full payout
How long after policy is started can full benefits be claimed? i 24 months
Maximum age i 80
Payout for accidental death outside waiting period i Full payout
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 30 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Discount offered with a funeral provider? i Not offered

Royal Bank of Scotland

Guaranteed Sixty-Plus Life Insurance (level insurance)

3 stars
Age when premiums stop i 90
Cover for accidental death in waiting period i 3x full payout
How long after policy is started can full benefits be claimed? i 24 months
Maximum age i 80
Payout for accidental death outside waiting period i Full payout
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 30 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Discount offered with a funeral provider? i Not offered

Pet insurance

Cat insurance

Royal Bank of Scotland

Premier Pet Insurance

5 stars
Type of cover i Lifetime, annual
Medical cover limit i £8,000.00
Medical excess i Variable
Annual policy limit i £8,000.00
Annual condition limit i
Lifetime policy limit i Unlimited
Lifetime condition limit i
Dental cover (if due to an accident) i £500.00
Cruciate ligament damage i £8,000.00
CT scans i £8,000.00
MRI scans i £8,000.00
Prescription diet (treatment of bladder stones only) i £250.00
Complementary treatment i £1,000.00
Boarding fees limit i £1,000.00
Death benefit (illness) i £1,500.00
Euthanasia cover limit i £100.00
Cremation i £0.00
Holiday cancellation i £5,000.00
Holiday cover i £8,000.00
Quarantine costs cover i £2,000.00
Loss of PETS passport or other travel documents i £250.00
Emergency expenses abroad i £500.00
Maximum number of days abroad i
Age when compulsory excess rises i 7 years
Cancellation fee i £0.00
Amendment fee i £0.00
If renewed, are existing conditions covered? i

Dog insurance

Royal Bank of Scotland

Premier Pet Insurance

5 stars
Type of cover i Lifetime, annual
Medical cover limit i £8,000.00
Medical excess i Variable
Annual policy limit i £8,000.00
Annual condition limit i
Lifetime policy limit i Unlimited
Lifetime condition limit i
Dental cover (if due to an accident) i £500.00
Cruciate ligament damage i £8,000.00
CT scans i £8,000.00
MRI scans i £8,000.00
Prescription diet (treatment of bladder stones only) i £250.00
Complementary treatment i £1,000.00
Euthanasia cover limit i £100.00
Cremation i £0.00
Age when compulsory excess rises i 7 years
Amendment fee i £0.00
Holiday cancellation i £5,000.00
Holiday cover i £8,000.00
If renewed, are existing conditions covered? i