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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
Travel Money
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.
Bank it
You can access your money whenever you need to, in the mobile app, online in branch or over the phone.
Mobile App Get Cash
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.
| One or more withdrawals made in month: bonus condition is not met | No withdrawals made in month: bonus condition is met | |
Balance |
AER/Gross p.a. (variable) |
AER/Gross p.a. (variable) |
£1-£24,999 |
0.20% |
0.20% (no bonus paid) |
£25,000 – £49,999 |
0.20% |
0.60% (includes 0.40% bonus) |
£50,000 – £1,000,000 |
0.20% |
0.85% (includes 0.65% bonus) |
Over £1,000,000 |
0.35% |
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.
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.
Initial deposit at account opening |
Balance after 12 months |
Interest earned (Includes bonus interest) |
|
No withdrawals made in any month: bonus condition is met
|
£25,000 £50,000 £150,000 |
£25,150.41 £50,426.66 £151,279.98 |
£150.41 £426.66 £1,279.98 |
|
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Balance after 12 months (includes £600 withdrawn over the 12 months) | Interest Earned (No bonus: 0.20% AER (Gross p.a.)) |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
|
£25,000 £50,000 £150,000 |
£24,449.39 £49,499.44 £149,699.62 |
£49.39 £99.44 £299.62 |
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.
|
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.
Bonus Condition
How do I earn bonus interest?
|
What happens if I close my account?
Balance Tiers
|
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
Definitions
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)
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.
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 www.fscs.org.uk.