Reward Reserve
Earn extra savings rewards
Got £2000 or more to save? Gain rewards if you limit your withdrawals, knowing you can access your money if you really need it.
Why choose a Reward Reserve account?
Quarterly rewards – gain an extra 1% gross interest if you make no more than one withdrawal in a quarter
Annual rewards – an extra 0.5% gross interest if you make no more than three withdrawals over a year
Phone, in-branch and online – manage your savings account your way
Tiered interest rate – the more you save, the more interest you earn
Fast transfers – it's quick and easy to move money between Reward Reserve and your other NatWest accounts
£2000 to open – with no maximum balance
Instant access – withdraw your funds if you need them
Get the savings habit – set up a standing order and watch your savings grow.
This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.
Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.
Current savings rates
Excluding all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 0.30% | 0.30% | 0.24% |
| £25,000 - £49,999 | 0.25% | 0.25% | 0.20% |
| £2,000 - £24,999 | 0.20% | 0.20% | 0.16% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Last updated on: 2 Jan 2009.
Including all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 1.80% | 1.80% | 1.44% |
| £25,000 - £49,999 | 1.75% | 1.75% | 1.40% |
| £2,000 - £24,999 | 1.70% | 1.70% | 1.36% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid quarterly and annually.
Last updated on: 2 Jan 2009.
Quarterly reward amount - 1.00% (gross per annum)
Annual reward amount - 0.50% (gross per annum)
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Gross Rate. This means the interest rate you are paid before the deduction of income tax.
Net Rate. This means the interest rate you are paid after the deduction of income tax.
Important information
You can download terms and conditions for NatWest current accounts and savings accounts and information on fees and charges as PDFs.
We sometimes allow savings accounts to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, we may apply charges to the account. Please read our leaflet Personal and Private Banking - A Guide to Fees and Interest which contains details of these charges.
NatWest Personal and Private Banking - Terms and Conditions (PDF File 302KB)
NatWest Personal and Private Banking - A Guide to Fees and Interest (PDF File 147KB)
You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.
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