The Royal Bank of Scotland has launched a new telephone saver account that will offer 1% bonus for six months.

The savings account will offer customers the convenience of instant access to their cash and competitive rates of interest, with a top rate of 6.25% gross including the bonus. Customers can open and operate their account using either RBS’s 24-hour direct banking telephone service or its internet banking service.

An additional bonus of 1% gross pa interest is offered for a six-month period on accounts opened by the end of November.