Whether you're new to saving, or more of an expert, this page is designed to help you find the savings account that best suits your needs.
Compare different savings accounts in the table below; from All Savings to Instant Access, Fixed Rate, ISAs or Children's savings accounts.
Commonly used for:
Getting into a regular savings habit
Flexibility in building up a savings pot
Achieving the higher interest rate on balances up to £1,000
AER/Gross p.a (variable)
Commonly used for:
Forming a good monthly saving habit
Saving up for larger purchases, e.g. further education, a car, a holiday or a house deposit
AER/Gross p.a. (variable)
Commonly used for:
Setting cash aside for monthly spending or unexpected bills
Saving for larger items, e.g. clothes, gifts, meals out or holidays
Managing monthly spending while earning interest
AER/Gross p.a. (variable)
Commonly used for:
Earning higher interest on larger pots of savings that are unlikely to be needed on a regular basis
Note: all our savings accounts are protected by the FSCS guarantee up to a certain limit. For more info see the bottom of this page
AER/Gross p.a. (variable)
Commonly used for:
AER/Gross p.a. (variable)
Commonly used for:
Locking away spare savings for use in the future
Maximising tax-free interest earned
Certainty on what interest you'll earn on your savings
AER/Gross p.a. (fixed)
Commonly used for:
Earning interest on savings that would otherwise be taxed
Building up a tax-free savings allowance
AER/Gross p.a. (variable)
Instant access savings accounts allow you to withdraw your money whenever you need it. Save as much or as little as you want each month with no charge.
Some of our instant access accounts offer bonus interest rates for depositing regularly or leaving your savings untouched.
These accounts are also known as 'easy access' savings accounts. Common uses include as a first savings account, or to store shorter term savings for rainy days or smaller purchases.
To jump back up and view our range of instant access products, click here.
Fixed rate savings (formally called 'bonds') allow you to fix your interest rate for a set period of time, and it will not be changed. By contrast, instant access savings account rates are variable and can be changed, e.g. to take account of Bank of England base rate changes, or changes in rates paid by other banks.
Fixed rate accounts offer guarantees over what interest you’ll earn over a 'term'. This is the set time period offered by the bank. At NatWest we offer terms of either 1 or 2 years.
It is important to note that if you choose to end your term early and access your cash, you could incur an Early Closure Charge.
To jump back up & compare our fixed rate products, click here.
A cash ISA is a savings account where you don’t pay tax on the interest you earn. We offer 2 types of cash ISA:
Anyone aged 16 or over and resident in the UK for tax purposes can open and deposit into a cash ISA. The current tax-free allowance is £20,000. To jump back up & compare our ISA products, click here.
For a more detailed overview of our ISAs, visit our ISA overview page.
Savings have the advantage of being dependable, predictable and easy to access. If you know you'll need a set amount of money in the next 12 months, for example, then regularly depositing in a savings account may be the best solution. Savings will grow over time as more money is put away and interest accrues on your balance.
If you are saving for a longer-term goal, typically five years or more, investing your money has the potential to deliver a better return, and help protect your buying power from the effects of inflation.
The value of investments can go down as well as up, your capital is at risk. Eligibility criteria, fees and charges apply.
Find out how you can use our Savings Goal Tool using your mobile app as well as other top tips to help you save. You can log in and manage or close your savings account and learn about your personal savings allowance.
Your eligible deposits held by a UK establishment of NatWest are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more (PDF, 3k KB) about the scheme and how it protects your money.
