Savings rates
This page provides the current interest rates that apply to NatWest savings 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
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Information within this page
Interest rates for savings accounts
Interest rates for savings accounts no longer available to new customers
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.
E-Savings rates
Including bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £0+ | 6.00% | 5.84% | 4.67% |
Interest paid monthly.
Note: Internet based account only.
Offer available from 19.09.08 and all rates correct as at 03.11.08 and are subject to variation.
Interest is paid monthly to the account. The bonus interest will be applied from the last business day of the month following the month in which your account is opened. It will be paid monthly along with the standard interest payment. The Gross and AER rates are applicable from the start date of the bonus. Offer may be withdrawn at any time.
Last updated on: 3 Nov 2008.
Excluding bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £0+ | 3.80% | 3.74% | 2.99% |
Note: Internet based account only
Last updated on: 3 Nov 2008.
E-ISA rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £0+ | 5.00% | 4.89% | N/A |
Interest paid monthly.
Note: Internet based account only
Last updated on: 3 Nov 2008.
First Reserve rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £10,000+ | 1.10% | 1.10% | 0.88% |
| £1 - £9,999 | 1.05% | 1.05% | 0.84% |
Interest paid quarterly.
Last updated on: 3 Nov 2008.
Offset banking
If you choose to offset your First Reserve balance against your Offset Flexible Mortgage, you won't earn interest on the money in your First Reserve account as that balance is being used to reduce the interest you pay on your mortgage. If your First Reserve balance is higher than your mortgage balance, you will earn interest monthly on the amount over and above your outstanding Offset Flexible Mortgage balance. See our Offset Banking page for more information.
First Home Saver rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 2.60% | 2.60% | 2.08% |
| £25,000 - £49,999 | 2.40% | 2.40% | 1.92% |
| £10,000 - £24,999 | 2.30% | 2.30% | 1.84% |
| £5,000 - £9,999 | 2.25% | 2.25% | 1.80% |
| £500 - £4,999 | 2.15% | 2.15% | 1.72% |
| £1 - £499 | 1.40% | 1.40% | 1.12% |
Cashback
| Amount | Cashback |
|---|---|
| Over £50,000 | £5000 |
| Up to £50,000 | £2500 |
| Up to £25,000 | £1000 |
| Up to £10,000 | £500 |
| £500 to £5,000 | £100 |
Interest paid annually
Last updated on: 3 Nov 2008
Cashback is paid provided the terms and conditions of the First Home Saver are met. The amount of cashback is based on the lowest savings balance in the 6 months before the mortgage is drawn down. It is exempt from tax as it falls within HM Revenue and Customs Statement of Practice SP4/97.
Offset Banking
If you choose to offset your First Reserve balance against your Offset Flexible Mortgage, you won't earn interest on the money in your First Reserve account as that balance is being used to reduce the interest you pay on your mortgage. If your First Reserve balance is higher than your mortgage balance, you will earn interest monthly on the amount over and above your outstanding Offset Flexible Mortgage balance. See our Offset Banking page for more information.
Reward Reserve rates
Excluding all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 1.09% | 1.09% | 0.87% |
| £25,000 - £49,999 | 0.89% | 0.89% | 0.71% |
| £10,000 - £24,999 | 0.79% | 0.79% | 0.63% |
| £2,000 - £9,999 | 0.74% | 0.74% | 0.59% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Last updated on: 3 Nov 2008.
Including all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 2.60% | 2.59% | 2.07% |
| £25,000 - £49,999 | 2.40% | 2.39% | 1.91% |
| £10,000 - £24,999 | 2.30% | 2.29% | 1.83% |
| £2,000 - £9,999 | 2.25% | 2.24% | 1.79% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid quarterly and annually.
Last updated on: 3 Nov 2008.
Quarterly reward amount - 1.00% (gross per annum)
Annual reward amount - 0.50% (gross per annum)
30 Day Bonus Reserve rates
Excluding bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £100,000+ | 3.10% | 3.10% | 2.48% |
| £50,000 - £99,999 | 3.00% | 3.00% | 2.40% |
| £25,000 - £49,999 | 2.95% | 2.95% | 2.36% |
| £2,000 - £24,999 | 2.85% | 2.85% | 2.28% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid annually.
Note: withdrawals require 30 day notice
Last updated on: 3 Nov 2008.
Including bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £100,000+ | 3.60% | 3.60% | 2.88% |
| £50,000 - £99,999 | 3.50% | 3.50% | 2.80% |
| £25,000 - £49,999 | 3.45% | 3.45% | 2.76% |
| £2,000 - £24,999 | 3.35% | 3.35% | 2.68% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid annually.
Annual bonus amount - 0.50% (gross per annum)
Last updated on: 3 Nov 2008.
Savings Direct rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 3.65% | 3.59% | 2.87% |
| £100,000 - £249,999 | 3.60% | 3.54% | 2.83% |
| £50,000 - £99,999 | 3.55% | 3.49% | 2.79% |
| £25,000 - £49,999 | 3.49% | 3.44% | 2.75% |
| £10,000 - £24,999 | 3.45% | 3.40% | 2.72% |
| £1 - £9,999 | 3.40% | 3.35% | 2.68% |
Interest paid monthly.
Note: Telephony, post and internet based account only
Last updated on: 3 Nov 2008.
Young Saver rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £0+ | 4.50% | 4.43% | 3.54% |
Interest paid quarterly.
Last updated on: 3 Nov 2008.
Advantage Reserve rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 3.65% | 3.60% | 2.88% |
| £100,000 - £249,999 | 3.49% | 3.45% | 2.76% |
| £50,000 - £99,999 | 3.45% | 3.41% | 2.73% |
| £25,000 - £49,999 | 3.40% | 3.36% | 2.69% |
| £2,000 - £24,999 | 3.35% | 3.31% | 2.65% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid quarterly.
Note: Available to Advantage Gold and Advantage Private customers only.
Last updated on: 3 Nov 2008.
Advantage Private Reserve rates
Excluding bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 3.79% | 3.73% | 2.98% |
| £100,000 - £249,999 | 3.55% | 3.49% | 2.79% |
| £50,000 - £99,999 | 3.49% | 3.44% | 2.75% |
| £25,000 - £49,999 | 3.44% | 3.39% | 2.71% |
| £10,000 - £24,999 | 3.39% | 3.34% | 2.67% |
| £1 - £9,999 | 0.10% | 0.10% | 0.08% |
Interest paid monthly.
Note: Available to Advantage Private customers
Last updated on: 3 Nov 2008.
Including bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 4.05% | 3.98% | 3.18% |
| £100,000 - £249,999 | 3.80% | 3.74% | 2.99% |
| £50,000 - £99,999 | 3.75% | 3.69% | 2.95% |
| £25,000 - £49,999 | 3.70% | 3.64% | 2.91% |
| £10,000 - £24,999 | 3.65% | 3.59% | 2.87% |
| £1 - £9,999 | 0.10% | 0.10% | 0.08% |
Interest paid monthly.
Note: Available to Advantage Private customers
Monthly bonus amount - 0.25% (gross per annum)
Last updated on: 3 Nov 2008.
Cash ISA rates
Excluding bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £27,000+ | 4.75% | 4.65% | N/A |
| £18,000 - £26,999 | 4.60% | 4.51% | N/A |
| £9,000 - £17,999 | 4.30% | 4.22% | N/A |
| £1 - £8,999 | 4.09% | 4.02% | N/A |
Last updated on: 3 Nov 2008.
Including 1.76% bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £27,000+ | 6.60% | 6.41% | N/A |
| £18,000 - £26,999 | 6.45% | 6.27% | N/A |
| £9,000 - £17,999 | 6.15% | 5.98% | N/A |
| £1 - £8,999 | 5.94% | 5.78% | N/A |
For customers who apply to transfer from 10 November 2008.
Bonus is for customers transferring in Cash ISA funds from another provider (excludes transfers within the RBS Group) and is calculated on the whole balance in the account for 12 months from receipt of the Cash ISA transfer request. Interest is paid tax free and is paid monthly to the account. The bonus interest will be paid monthly along with the standard interest payment.
Offer may be withdrawn at any time
Last updated on: 3 Nov 2008.
Including 2% bonus
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £27,000+ | 6.86% | 6.65% | N/A |
| £18,000 - £26,999 | 6.71% | 6.51% | N/A |
| £9,000 - £17,999 | 6.40% | 6.22% | N/A |
| £1 - £8,999 | 6.19% | 6.02% | N/A |
Interest paid monthly.
For customers who applied to transfer from 18 September 2008 until 9 November 2008.
Bonus is for customers transferring in Cash ISA funds from another provider (excludes transfers within the RBS Group) and is calculated on the whole balance in the account for 12 months from receipt of the Cash ISA transfer request. Interest is paid tax free and is paid monthly to the account. The bonus interest will be paid monthly along with the standard interest payment.
Offer may be withdrawn at any time
Last updated on: 3 Nov 2008.
Private Banking Savings Account rates
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 3.45% | 3.41% | 2.73% |
| £100,000 - £249,999 | 3.35% | 3.31% | 2.65% |
| £50,000 - £99,999 | 3.25% | 3.21% | 2.57% |
| £25,000 - £49,999 | 3.15% | 3.11% | 2.49% |
| £5,000 - £24,999 | 2.95% | 2.92% | 2.34% |
| £1 - £4,999 | 1.55% | 1.54% | 1.23% |
Interest paid quarterly.
Last updated on: 3 Nov 2008.
5 Year Children's Bond rates
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| Growth | 5.50% | 5.50% | 4.40% |
Minimum investment £1000
Last updated on: 7 Aug 2008.
Community Bond rates
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| 3-year Growth* | 4.90% | 4.90% | 3.84% |
| 1-year Growth | 4.90% | 4.90% | 3.92% |
* Only available to existing 3 Year Community Bond investors
Minimum investment £500
Last updated on: 17 Aug 2006.
Special Interest Bearing account rates **
Combi Saver ‘Green Edition’ (Issue 2) instant access element – limited offer account
Fixed term commencing 22 December 2008
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| On balances up to the same amount invested in the Fixed Term Deposit in the first year | 6.50% | 6.35% | 5.08% |
| On balances over the amount invested in the Fixed Term Deposit in the first year and all deposits after the first year | 4.00% | 3.94% | 3.15% |
**This is the instant access element opened alongside a 3 year Fixed Term Deposit as part of the Combi Saver ‘Green Edition’ Issue 2 product. Combi Saver ‘Green Edition’ is only available periodically to Private Banking customers and those we invite to open the account.
Last updated on: 27 Oct 2008.
Combi Saver ‘Green Edition’ instant access element – limited offer account
Fixed term commencing 03 October 2008
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| On balances up to the same amount invested in the Fixed Term Deposit in the first year | 7.50% | 7.30% | 5.84% |
| On balances over the amount invested in the Fixed Term Deposit in the first year and all deposits after the first year | 4.00% | 3.94% | 3.15% |
**This is the instant access element opened alongside a 3 ½ year Fixed Term Deposit as part of the Combi Saver ‘Green Edition’ product. Combi Saver ‘Green Edition’ is only available periodically to Private Banking customers and those we invite to open the account. This issue is no longer available
Last updated on: 8 Oct 2008.
Additional services
| Stopping payment instructions | |
|---|---|
| Stopping a cheque (unless it has been lost or stolen) | £10 |
| Payments | |
|---|---|
| Obtaining a banker's draft | £12 |
| Obtain a special cheque clearance | £15 |
| CHAPS payments | £23 - between banks £21 - between our branches |
| Obtaining copies of statements | ££5 per request |
| Arrangement fee for Advantage Private FlexiLoans | Any fees payable will be advised to you at the time |
| FlexiLoan arrangement fee | 2% of amount borrowed (minimum fee £100) |
| Emergency Cash Service | Any fees payable will be advised at the time |
If the service you are looking for is not shown in the table above, please ask at any branch or call the number on your statement summary sheet
Diamond Reserve
Account no longer available to new customers
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £250,000+ | 1.17% | 1.16% | 0.93% |
| £100,000 - £249,999 | 1.01% | 1.01% | 0.81% |
| £50,000 - £99,999 | 0.61% | 0.61% | 0.49% |
| £25,000 - £49,999 | 0.10% | 0.10% | 0.08% |
| £10,000 - £24,999 | 0.10% | 0.10% | 0.08% |
| £2,000 - £9,999 | 0.10% | 0.10% | 0.08% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid monthly.
Last updated on: 3 Nov 2008.
Cash ISA - TESSA Funds
Account no longer available to new customers
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £1+ | 3.80% | 3.74% | N/A |
Interest paid monthly.
Last updated on: 3 Nov 2008.
5 Year Fixed Rate Bond
Account no longer available to new customers
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| Annual income/growth | 4.80% | 4.80% | 3.84% |
| Monthly income | 4.70% | 4.70% | 3.76% |
Minimum investment £5000
Last updated on: 3 Mar 2008.