Our simple, free instant access account
Please read the Summary Box below before you apply, this will give you key information about Instant Saver
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
Account name: Instant Saver
What is the interest rate?
AER/Gross p.a. (variable)
AER: This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross: The interest rate you are paid without the deduction of income tax.
p.a.: per annum (per year)
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?
Initial deposit at account opening
Balance after 12 months
How do I open and manage my account?
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:
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.
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?
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.