Cash ISA

Give your savings a tax-free lift

Make the most of your savings

Start saving with as little as £1, and take your money out when you need it.

Save up to £20,000 tax free up to 5th April 2019.

Bring your ISA balances together in one place.

Summary Box

Account name: Cash ISA

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 into your account on the first business day of the month and at account closure.

Can NatWest change the interest rate?

Yes, these interest rates are variable. They may be changed for any of the reasons set out in Term 9.2 of the Savings Account Terms (PDF, 605KB), 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 and your balance is £100 or more, we’ll give you at least 14 days’ notice. If the rates are going down and your balance is less than £100, we’ll inform you before the change or shortly afterwards. If the rates are going up, we’ll inform you before the change or shortly afterwards. Term 9.2 also 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 and tiers; and any interest earned stays in the account.

How do I open and manage my account?

 

Your eligibility

You must be aged 16 years or over and resident in the UK for tax purposes.

You must:

Not have subscribed to another cash ISA (including a Help to Buy: ISA with another provider) or have subscribed more than the overall subscription limit in total to a cash ISA, a stocks and shares ISA, an innovative finance ISA and a lifetime ISA in the same tax year; 

Hold the account solely in your name

 

If you already have a current account with us you can open your account on our mobile app, online, in branch or by telephone.

If you don't have a current account with us you can open your account online or on our mobile app (you need to register for online banking before you can get our mobile app). 

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

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

Balance and ISA allowance

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

However, there is a limit on the amount you can pay into your account each tax year (6 April to 5 April). This annual limit also known as your “ISA allowance”, is set by the Government and may change from time to time. For tax year 2018/2019 it is £20,000. If you pay in more than the limit any excess money will be returned to you.

If you make a payment for a tax year into your Cash ISA, you can’t make any payments for that tax year into any other cash ISA except for a NatWest Help to Buy: ISA.

Paying into more than one ISA

Making payments to both a NatWest Cash ISA and a NatWest Help to Buy: ISA

You can make payments to a Help to Buy: ISA in the same tax year as a NatWest Cash ISA provided that:

The Help to Buy: ISA is held with us; and

You don't pay in more than the ISA allowance between the Cash ISA and the Help to Buy: ISA

Can I withdraw money?

Yes. No notice is required.

You can withdraw money: in branch or by transfer to any other account based in the UK (online, by telephone or on the mobile app).

If you make a withdrawal, you will not be able to deposit more money into your account if it means you will exceed the annual limit.

You can transfer your ISA (or part of it) to another ISA manager.

There are daily limits on the amount of money you can withdraw from your phone, online or on the mobile app. Find out more about the daily limit or speak to us on the phone about them.

Additional Information

Definitions

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 UK income tax.

p.a.: per annum (per year)

Statements at your fingertips

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

Ready to apply?

Before you start your application, we need to check a few things.

Are you...

Please make sure...

You have a National Insurance number. You’ll find it on your payslip, P60 or any letters from HMRC.

You’re at least 16 years old and a permanent UK resident, or a Crown Servant serving overseas, their spouse or civil partner.

You have a phone number and email address we can contact you on.

And now for the important information...

Important Information

Please take some time to review, print and/or save the important information. By clicking to proceed 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.

Have you read and understood all of the important information?

Great. Let's get your application started.

Do you use online banking?

Make sure you have...

You have a National Insurance number. You’ll find it on your payslip, P60 or any letters from HMRC.

You’re at least 16 years old and a permanent UK resident, or a Crown Servant serving overseas, their spouse or civil partner.

You have a phone number and email address we can contact you on.

 

And now for the important information...

Important information

Please take some time to review, print and/or save the important information. By clicking to proceed 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.

 

Have you read the important information?

Great let's get your application started

Make sure you have...

You have a National Insurance number. You’ll find it on your payslip, P60 or any letters from HMRC.

You’re at least 16 years old and a permanent UK resident, or a Crown Servant serving overseas, their spouse or civil partner.

You have a phone number and email address we can contact you on.

 

And now for the important information...

Important information

Please take some time to review, print and/or save the important information. By clicking to proceed 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.

Have you read the important information?

Great let's get your application started

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.

Something else we can help you with?