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

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
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?

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

Have your statements at your fingertips

We'll send you an email when your statements are ready to view in Online Banking. You can check them whenever you want.

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:

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.

We need to do a few final checks with you. They'll only take a minute.

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

 
Remember, to apply for a Premium Saver, you must:
  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for a Premium Saver, you must:

  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Do you have your account number and sort code?

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for a Premium Saver, you must:

  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for a Premium Saver, you must:

  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Is this account just for you, or is it a joint application?

Great. Let's get your application started.

Remember, to apply for a Premium Saver, you must:

  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online

Great. Let's get your application started.

Remember, to apply for a Premium Saver, you must:

  • Be a current account customer
  • Be aged 16 years or over and a UK resident
  • Enter your mobile number and email address when you apply so we can identify you safely and quickly online