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. 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. For more information, please see section 9.2 of the Savings Account Terms (PDF, 48 pages)

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 on our mobile app, online, in branch or 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. 

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 is required. This is account is a non-payment account.

You can withdraw money:

In branch

By transfer to a current account held with us in your name (online, by telephone, or on the mobile app)

Please note: If you close or switch your current account with us in the future, you will only be able to withdraw money from your Instant Saver account in branch.

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)

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. Please take a look at the important legal info:

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.

All okay? You're nearly ready to start.

We need to do a few final checks with you. They'll only take a minute.

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?

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

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

Something else we can help you with?