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Get rewarded with bonus interest every month you leave your savings untouched
Premium Saver account
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. If the rates are going down and your balance is £100 or more, we'll give you at least 14 days' notice. If the rates are going down and your balance is less than £100, we'll inform you before the change or shortly afterwards. If the rates are going up, we'll inform you before the change or shortly afterwards. For more information please see the Savings Account Terms (48 pages)
What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit amount
£25,000
£50,000
£150,000
Balance after 12 months
£24,449.39
£49,449.44
£149,699.62
Interest earned
£49.39
£99.44
£299.62
One withdrawal of £50 made each month: bonus condition is not met. 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.
Initial deposit amount
£25,000
£50,000
£150,000
Balance after 12 months
£25,150.41
£50,426.66
£151,279.98
Interest earned
£150.41
£426.66
£1,279.98
No withdrawals are made in any month: bonus condition is met. 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.
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.
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.
Definitions
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: The interest rate you are paid without the deduction of income tax.
p.a.: per annum (per year)
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.
All okay? You're nearly ready to start.
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