Get rewarded for saving regularly

Savings Builder account

Why choose Savings Builder?

Earn up to 1.50% AER/Gross p.a. (variable) when you grow your savings by £50 or more each month

Flexibility when you need it. If you can't grow your savings by £50 in a month, it just means you won’t earn interest for that month

Exclusively for our current acccount customers, aged 16 and over

Summary Box

Account name: Savings Builder

What is the interest rate?

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 contains details of the notice we’ll give you.

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 in branch, online and by telephone

We will need your email address and mobile number to open your account

No minimum deposit is required to open the account; and there is no maximum balance limit

Each month your balance must by grow by at least £50 to earn interest. If your balance grows by less than £50 in any month, you will not earn interest.

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.

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 Savings Builder account in your sole name, and only one Savings Builder account in joint names with another person

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 – that’s one less thing to think about. It’s a great habit to start.

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: The interest rate you are paid without the deduction of UK income tax.

p.a.: per annum (per year)

Ready to apply?

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 Savings Builder, 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 Savings Builder, 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 Savings Builder, 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 Savings Builder, 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 Savings Builder, 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 Savings Builder, 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.

Something else we can help you with?