Instant Saver

Our simple, free instant access account

Why choose Instant Saver?

Instant access to your money when you need it

Exclusively available for our current account customers, aged 16 and over

Start saving with just £1

Apply online in less than 5 minutes

Summary Box

Account name: Instant Saver

What is the interest rate?

Interest is paid on a tiered basis which means you'll earn one rate on your entire account balance. Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.

Can NatWest change the interest rate?

Yes, these rates are variable. They may be changed for any of the reasons set out in General Term 9.2 of the Savings Account Terms (PDF, 605k), e.g. to take account of Bank of England base rate changes or changes in the rates paid by other banks. If the rates are going down we’ll give you at least 60 days’ notice. If they are going up, we’ll inform you before the change or shortly afterwards. Term 9.2 (PDF, 605k) contains details of the notice we’ll give you.

What would the estimated balance be after 12 months based on a range of deposits?

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to interest rates or tiers; and any interest earned stays in the account.

How do I open and manage my account?

Your eligibility

You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time.

We will also need your email address and mobile number to open your account.

You can open and manage your account on our mobile app, online, in branch or by telephone.

You can also pay money into your account at one of our cash deposit machines.

No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.

Get off to a fast start

Why not let us do the saving for you? Tell us you'd like a regular payment or an instant transfer in your application, and we’ll set it up for you – that’s one less thing to think about. It’s a great habit to start.

We'll send you an email when your statements are ready to view in Online Banking. You can check it whenever you want.

Can I withdraw money?

Yes. No notice required. You can withdraw money:

In branch

By transfer to any other account based in the UK (online, by telephone or on the mobile app)


There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking.

The current daily limits and how to withdraw more than them can be found here or by contacting Telephone Banking.

Have your statements at your fingertips

We do not deduct tax from the interest we pay you. The tax treatment may be subject to change in the future and depends on your individual circumstances.

Ready to apply?

Our Instant Saver is exclusive for our current account customers.

Your application will be much quicker if you're registered for online banking - if you're not, or have forgotted your details, you can reset them today if you have your bank details to hand.

Are you registered for online banking?

What you need to have

You must be a current account customer

You must be aged 16 years or over and a UK resident to open an account.

Enter your mobile number and email address when you apply and we could identify you safely and quickly online.

And now for the important information...

Important Information

Please take some time to review, print and/or save the important information. By clicking to continue you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

How your information might be used

It’s important for you to understand how we use and share your information Please read this short summary before you continue with your application.

Are you ready to continue?

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Great. Let's get your application started.

Setting up online banking will only take a few minutes

To make it quick and easy just have your:

Account number and sort code handy

Long card number (this is optional, but it will make the process faster)

You can then come back and open your Instant Saver account really simply with your new online banking details. 

Financial Services Compensation Scheme

Your eligible deposits with NatWest are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Find out more about the scheme and how it protects your money.

Anything else we can help you with?