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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
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.
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.
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
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)
Before you start your application, we need to check a few things.
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.
