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Exclusively for our current account customers, aged 16 and over
You can open the account with just £1
Grow your savings by £50 or more each month to earn interest
Instant access to your savings
Please read the Summary Box below before applying
Travel Money
Want to save regularly?
Get rewarded when you grow your saving by £50 or more each month
Bank it
Instant access to your savings
You can access your money when you need it online, via the mobile app, telephone banking or in branch
Mobile App Get Cash
Exclusively for NatWest customers
We believe in rewarding loyalty and putting our customers first. That's why our Savings Builder account is exclusively available for NatWest current account customers.
Balance grows by less than £50 a month: |
Balance grows by at least £50 a month: |
|
|---|---|---|
Balance |
AER/Gross p.a. (variable) |
AER/Gross p.a. (variable) |
£1 – £10,000 |
0.00% |
1.50% |
Over £10,000 |
0.00% |
0.20% |
Interest is paid on the above tiers on a stepped basis which means you’ll earn a different rate on each portion of your balance within the above tiers. If, for example, you hold £11,000 in your account, and you have satisfied the regular saving condition, your interest rates for that monthly period will be: 1.50% on the first £10,000 and 0.20% on anything over £10,000.
You can find details of the regular saving condition in the Additional information section. Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.
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. 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.
Initial deposit at account opening |
Balance after 12 months (includes £600 deposited over the 12 months) |
Interest earned |
|
| £50 deposited every month: regular saving condition is met | £1,000 £5,000 £10,000 |
£1,620.02 £5,680.44 £10,751.69 |
£20.02 £80.44 £151.69 |
| Initial deposit at account opening | Balance after 12 months (includes £300 deposited over the 12 months) |
Interest earned |
|
£25 deposited every month: regular saving condition is not met
|
£1,000 £5,000 £10,000 |
£1,300 £5,300 £10,300 |
£0.00 £0.00 £0.00 |
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.
Find out the current daily limits and how to withdraw more than them here, or by contacting telephone banking. Please note: Withdrawal during the month which means your month to month balance does not increase by £50 or more will result in the regular saving condition not being met and interest not being earned.
How do I earn interest?
What happens if my payment is late?
What happens if I make a withdrawal?
What happens if I close my account?
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 The interest rate you are paid without the deduction of UK income tax.
p.a. Per annum (per year)
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.