Instant Saver | Instant access savings

Instant Access Savings Account

Instant Saver

Our free instant access savings account

You can open the account with just £1

Instant access to your money when you need it

Awarded the 5 star Fairbanking mark for helping customers manage money better

Please read the Summary Box below before applying.

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Instant access to your savings, in branch, online, by telephone and on our award winning mobile app

Our free Savings Goal Tool can help you set and track your savings goals

Customers who choose to save regularly with a standing order, save an extra £45 more each month

Summary Box

Account name: Instant Saver Account


1. What is the interest rate?

Balance AER/Gross p.a. (variable)
£1-£24,999 0.10%
£25,000-£999,999 0.20%
£1,000,000+ 0.25%

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.

2. 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.

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

Initial deposit at account opening Balance after 12 months Interest earned
£1,000 £1,001.00 £1.00
£25,000 £25,050.05 £50.05
£1,000,000 £1,002,502.87 £2,502.87

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 the interest rates or tiers; 
  • And any interest earned stays in the account.

4. How do I open and manage my account?

  • You must be aged 16 years or over to open an account
  • You can open and manage your account in branch, online, by telephone and on the mobile app
  • 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.

5. 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) 
  • Up to £250 per day at any cash machine 
  • Up to £500 per day (or your ATM card limit, whichever is lower) at any Post Office® throughout the UK

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.

6. Additional information


Annual Equivalent Rate (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.

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Gross Rate 
The interest rate you are paid without the deduction of income tax.

p.a. Per annum (per year)

Add your signposting title here… Save twice as much with a
Savings Goal

Customers who actively use our Saving Goal Tool in online banking save twice as much as those who don't - so why not start today? 

Whether you are saving for a holiday or a rainy day you can set up a goal, track it and achieve it.

Instant Saver with Savings Goals has been awarded the 5-Star Fairbanking mark for helping customers manage money better. What is the 5-Star Fairbanking mark?


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