You must be aged 16 years or over and resident in the UK for tax purposes.
- not have subscribed to another cash ISA (including a Help to Buy: ISA with another provider) or invested the maximum amount in any combination of permitted ISAs in the same tax year; and
- hold the account solely in your name.
If you already have a current account with us you can open your account on our mobile app, online, in branch or by telephone.
If you don’t have a current account with us you can open your account online or on our mobile app (you need to register for Online Banking before you can get our mobile app).
We will need your email address and mobile number to open your account.
You can make payments in branch and by telephone.
We will send you a certificate of deposit within 14 days of the Start Date.
Balance and ISA allowance
You can make deposits into your account until 9th November 2018. You must deposit at least £1,000 (the “Minimum deposit”) by this date. There is no Maximum deposit and no maximum balance; however, there is a limit on the amount you can pay into your account each tax year (“ISA allowance”). This limit is set by the Government and may change from time to time. The ISA allowance is £20,000 for the 2018/2019 tax year.
If you pay in more than the limit any excess money will be returned to you.
If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA except for a NatWest Help to Buy: ISA.
Making payments to both a NatWest Fixed Rate ISA and NatWest Help to Buy: ISA
You can make payments to Help to Buy: ISA in the same tax year as a NatWest Fixed Rate ISA provided that:
the Help to Buy: ISA is held with us;
you don't pay in more than the ISA allowance between the Fixed Rate ISA and the Help to Buy: ISA.
Transferring in balances from other ISAs