Premium Saver | NatWest Savings

Premium Saver bonus account

Premium Saver

Get rewarded with bonus interest every month you leave your savings untouched

Exclusively available for our current account customers, aged 16 or over

Instant access to your savings when you need it

Earn bonus interest on savings between £25,000 and £1 million 

Please read the Summary Box below before applying

Open a savings account today

If you need to access your savings, the interest rate only drops for the month you withdraw your money. Leave it untouched the following month, and you'll get the bonus interest again.

You can access your money whenever you need to, in the mobile app, online in branch or over the phone. 

We believe in rewarding loyalty and putting our customers first. That's why our Premium Saver account is exclusively available for NatWest current account customers.

Summary Box

Account name: Premium Saver Account

1. 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


AER/Gross p.a. (variable)

AER/Gross p.a. (variable)



0.20% (no bonus paid)

£25,000 – £49,999


0.60% (includes 0.40% bonus)

£50,000 – £1,000,000


0.85% (includes 0.65% bonus)

Over £1,000,000


0.35% (no bonus paid)

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.

2. Can NatWest change the interest rate?

Yes, these rates are variable. They may be changed for any of the reasons set out in General Term 9.2 of the Savings Account Terms (PDF, 605k), e.g. to take account of Bank of England base rate changes or changes in the rates paid by other banks. If the rates are going down we’ll give you at least 60 days’ notice. If they are going up, we’ll inform you before the change or shortly afterwards. Term 9.2 (PDF, 605k) contains details of the notice we’ll give you.

3. What would the estimated balance be after 12 months based on a range of deposits?


Initial deposit at account opening

Balance after 12 months 

Interest earned (Includes bonus interest)

No withdrawals made in any month: bonus condition is met












Initial deposit at account opening

Balance after 12 months (includes £600 withdrawn over the 12 months) Interest Earned (No bonus: 0.20% AER (Gross p.a.))

One withdrawal of £50 made each month: bonus condition is not met for the whole year












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

4. 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.
  • 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, in branch and by telephone.
  • 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.

5. Can I withdraw money?

Yes. No notice is 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 than them can be found here or by contacting Telephone Banking.  

However if you make one or more withdrawals in a monthly bonus period, you will not earn the bonus for that month and your interest rate will be lower for that period.

6. Additional information

Bonus Condition

How do I earn bonus interest?

  • To earn the bonus in each monthly bonus period, your account balance must be between £25,000 and £1,000,000, and you must not make any withdrawals from your account for that month
  • A monthly bonus period runs from close of business on the second-last business day of one month, to close of business on the second-last business day of the following month.
  • Close of business times differ depending on whether you pay in your money in branch, or by using our telephone, online or mobile app services.

What happens if I close my account?

  • You will not earn bonus interest for the monthly bonus period of closure. The interest rate without bonus will continue to apply up until the day you close your account.

Balance Tiers

  • Bonus interest only applies on balances between £25,000 – £1,000,000 where the bonus condition is met. No bonus interest will be earned for any day on which your account balance is less than £25,000 or greater than £1,000,000.

For example, if your account balance is £1,100,000, you will not earn bonus interest on any part of your balance. You will earn 0.35% AER/Gross p.a. (variable) on your entire account balance


Annual Equivalent Rate (AER) 
This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate - this means the interest rate you are paid without the deduction of UK income tax

p.a. Per annum (per year)

Apply for a Premium Saver

Get into a savings habit

Whatever you're saving for, a new car, your dream holiday or a rainy day, it's easy to get into the habit of putting away a bit of cash each month. We have a range of quick tips and tools to help you get started.

Savings top tips and tools
Man using laptop to check savings account
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Your eligible deposits with NatWest are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Please click here (84 KB PDF) for further information or visit

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