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Earn bonus interest every month you leave your savings untouched
Premium Saver Account
Why choose Premium Saver?
Earn bonus interest on savings between £25,000 and £1 million when you leave them untouched for that month
Get instant access to your savings when you need it
Exclusively available for our current account customers, aged 16 and over
Summary Box
Account name: Premium Saver
What is the interest rate?
One or more withdrawals made in month: bonus condition is not met
No withdrawals made in month: bonus condition is met
Can NatWest change the interest rate?
Yes, we may change the rate up or down. There are a few reasons for this, such as a change in the Bank of England base rate. You can find a full list of reasons for an interest rate change in section 9.2 of the Savings Account Terms. We’ll give you at least 14 days’ notice if the rates are going down and your balance is £100 or more. Otherwise we’ll tell you before or shortly after the change. You can find more details about how we’d tell you about a change in section 9.2 of the Savings Account Terms (45 pages).
What would the estimated balance be after 12 months based on a range of deposits?
No withdrawals made in any month: bonus condition is met
One withdrawal of £50 made each month: bonus condition is not met for the whole year
How do I open and manage my account?
- You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time.
- We will also need your email address and mobile number to open your account and send you important account opening documents.
- You can only have one Premium Saver Account in your sole name, and only one Premium Saver Account in joint names with another person.
- You can open and manage your account on our mobile app, online or by telephone.
- To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.
- You can pay money in by transfer from a current account or savings account in your name held with us or held with another bank (Online, by telephone or on the mobile app).
- 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.
- However, to earn the bonus rate of interest in each monthly bonus period, your account balance must be between £25,000 – £1,000,000 and you must not make any withdrawals in that month.
Additional information
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.
Also, once you’ve registered and your account appears in mobile or online banking you can set up a Savings Goal. We will help you work out how much you need to save each month to reach your goals and help you track your progress.
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:
If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.
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.