Salary & Benefits
If we didn't know how to make your wealth work harder for you, we wouldn't be doing our job as a Bank!
The Total Reward package we give our people isn't just financial. As well as innovative benefits that will increase the value of your earnings, we offer a wide range of other extras with a minimum of 23 days holiday entitlement.
Basic Salary
The Royal Bank of Scotland Group benchmarks all salaries on an annual basis to ensure that it is highly competitive in the local marketplace. Salary progression is linked to individual performance.
Performance Related Bonus/Incentive Plans
Depending on your role, you have the opportunity to earn a performance-related bonus/incentive which is paid either quarterly or annually.
Retirement Savings Plan
Employees are invited to join the Royal Bank of Scotland Retirement Savings Plan through RBSelect, the Group’s benefits choice programme.
You will receive benefit funding which is equal to 15% of annual salary and you may choose to contribute as much or as little as you like into the Plan, subject to limits which will be advised if relevant to you.
Travel Allowance
A flight allowance of £260 is paid annually, in monthly instalments.
RBSelect
RBSelect is the Group’s benefits choice programme which aims to provide employees with a wide range of benefits to choose from to suit their needs and lifestyle. It can save and make you money.
- Well-being – Select from a range of products which provide private medical cover, dental insurance, health screening or a health care cash plan.
- Lifestyle - Great discounts and tax savings on a range of benefits to suit your lifestyle.
- Savings & Protection - Peace of mind at excellent rates and protection for your future.
- Retail & Leisure - Savings of up to 10% at many popular high street stores.
YourBank
YourBank gives you access to preferential rates across a range of financial products and services from the RBS Group.
Based on our existing customer products, YourBank gives you the additional benefit of saving time and money without having to shop around or visit your branch.
Sharesave
Sharesave gives eligible employees the opportunity to save regularly, receive a guaranteed tax-free bonus and be given the opportunity to buy shares in The Royal Bank of Scotland Group plc (RBS Group) at a discounted price.
Community Cashback Awards
The Group’s Community Cashback Awards Scheme supports the community groups, youth organisations, schools and charities that you are actively involved with.
Depending on how you help an organisation, and whether you do that as an individual or as a team of work colleagues, each calendar year you can apply for an Award ranging from £100 to £1,000.
Group Learning Guarantee
The RBS Group will provide financial assistance to support employees undertaking professional or vocational qualifications, where these can be seen to provide a clear business benefit as well as improved performance of the employee.