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. They may be changed for any of the reasons set out in General Term 9.2 of the Savings Account Terms (PDF, 281 KB), 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, 281 KB) contains details of the notice we’ll give you.

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

No withdrawals made in any month: bonus condition is met

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.

How do I open and manage my account?

 

Your eligibility

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 or 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. 

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.

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)

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?

Please review the important legal stuff:

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

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 account 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 account 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?

Please review the important legal stuff:

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

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 account 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 account 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

Please review the important legal stuff:

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

The Savings Account Terms and Savings Interest Rates including the information sheet will be updated to reflect changes we are making from October 16th 2019.

You can see these now by clicking here.

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.

Are you ready to continue?

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 account 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 account 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

Financial Services Compensation Scheme

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.

Find out more about the scheme and how it protects your money.

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.

Something else we can help you with?