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Get rewarded with 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.
Exclusively available for our current account customers, aged 16 and over
Get instant access to your savings when you need it.
Summary Box
Account name: Premium Saver
No withdrawals made in month: bonus condition is met
Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. If, for example, you hold £150,000 in your account and you have satisfied the bonus condition, your interest rate for that monthly bonus period will be 0.85% AER/Gross p.a. on your entire account balance.You can find details of the bonus condition in the Additional Information section.Interest is calculated daily and paid on the first business day of the month and at account closure.
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?
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 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.
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.
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.
You can only have one sole Premium Saver account and one joint Premium Saver account.
Can I withdraw money?
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.
Ready to apply?
Remember, our Premium Saver is exclusive for our current account customers.
Before you start your application, we need to check a few things.
Do you have Online Banking?
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.