Our simple, free instant access account

Instant Saver

Why choose Instant Saver?

Exclusively for our current account customers, aged 16 and over

Instant access to your money when you need it

Start saving with just £1

Apply online in less than 5 minutes                                          

Summary Box

Account name: Instant Saver

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 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.

Can NatWest change the interest rate?

Yes, these rates are variable. We will give you at least 60 days notice if the rates are going down and will let you know before or shortly after the changes, if they are increasing. For more information on if and when the rates will change and how it will affect you, please see section 9.2 of the Savings Account Terms (PDF, 281 KB)

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 or tiers; and any interest earned stays in the account.

How do I open and manage my account?

  • You can open and manage your account in branch, online and by telephone.
  • We will need your email address and mobile number to open your account.
  • 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. 
  • We wanted to let you know we are making changes to our Savings range from October 16th 2019. From this date you will not be able to make payments directly from your savings account. To do this, you will need to move money into your current account and make the payments from there.

Your eligibility

You must be a UK resident aged 16 years or over.

You must already have a current account with us, or apply for a current account with us at the same time.

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)

There are daily limits on the amount you can transfer from your account online, by telephone or on the mobile app.

The current daily limits and how to withdraw more can be found here or by contacting Telephone Banking.

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 to your new savings account in your application, and we’ll do it automatically for you – that’s one less thing to think about. It’s a great habit to start.

Definitions

AER: stands for Annual Equivalent Rate. It shows you what the rate would be if interest was paid and compounded each year. 

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

p.a.: per annum (per year)

Ready to apply?

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

Do you have online banking?

Please review the important legal stuff:

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.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Do you have an account number or sort code?

Please review the important legal stuff:

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.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Please review the important legal stuff:

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.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for an Instant Saver, you must:

Be a current account customer

Be aged 16 years or over and a UK resident

Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Tips to help you start saving

If you're not sure where to start, our guide to managing your money can help you get on the right track.

Something else we can help you with?