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Find the right account for you

Savings accounts

Individual account eligibility applies

Comparing savings accounts

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.

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Instant Saver

Our simplest savings account

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

Key info
  • Instant access
  • Start saving with just £1
  • Apply online in 5 minutes
Interest rate

AER/Gross p.a. (variable)

0.01% Balances of £1+
Exclusively for current account customers, aged 16 and over

Savings Builder

Be rewarded for saving £50 or more each month, on savings up to £10,000

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

 

Key info
  • Instant access
  • Start with just £1
  • Apply online in just 5 minutes
Interest rate

AER/Gross p.a. (variable)

0.00% Balance grows by less than £50 a month. Balances of £1+
0.75% Balance grows by £50 or more a month. Balances up to £10,000
Exclusively for our current account customers, aged 16 and over

Premium Saver

Leave your savings untouched each month & earn bonus interest on balances over £25,000

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

Key info
  • Instant access
  • Start with just £1
  • Apply online in 5 minutes
Interest rate

AER/Gross p.a. (variable)

0.10% - 0.20% Balances between £25,000 and £1,000,000. No withdrawals made in a month
0.01% Balances under £25,000, over £1,000,000 or one or more withdrawals made in a month
Exclusively for our current account customers, aged 16 and over

Cash ISA

Earn interest tax-free & access your savings anytime

Commonly used for: 

Earning interest on savings that would otherwise be taxed

Building up a tax-free savings allowance

Key info
  • Instant access
  • Tax-free interest on balances up to £20,000
  • Start with just £1
  • Apply online in 5 minutes
Interest rate

AER/Gross p.a. (variable)

0.01% Balances of £1 - £49,999
0.10% Balances of £50,000+

Fixed Rate ISA

Earn interest tax-free & fix your interest rate for 1 or 2 years

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

Key info
  • Tax-free interest on balances up to £20,000
  • Terms of 1 or 2 years
  • Longer terms receive higher rates
  • £1,000 min. deposit
Interest rate

AER/Gross p.a. (fixed)

0.15% 1 and 2 year terms

First Saver

Your child's first savings account

Commonly used for: 

  • Helping children learn how to save
  • Storing pocket money
  • Saving for your your child's future

Key info
  • Instant access
  • Start with just £1
  • Apply online in 5 minutes
  • Hold account in trust or child's name
Interest rate

AER/Gross p.a. (variable)

0.35% Balances of £1+

Savings accounts explained

What is a cash ISA?

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:

  • Cash ISA - where you can withdraw money anytime you want
  • Fixed Rate ISA - where you get a guaranteed rate, but must lock your savings in for a certain time, called a 'term'.

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.

What is instant access?

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.

What are fixed rate accounts?

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.

 

FAQs

Manage your existing savings account

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.

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 (PDF, 3k KB) about the scheme and how it protects your money.

Something else we can help you with?