In this guide

  • Our verdict
  • Details
    • Account overview
    • Product management
  • Frequently asked questions
  • Your reviews
NatWest – Digital Regular Saver
Interest rate
1.75% AER variable
Save
£1 to £150 per month
Withdrawal notice
None
Open via mobile app

Our verdict

This account encourages good savings habits, and offers a high rate but with several caveats.

If you’re looking for an account with an established high-street name then NatWest’s Digital Regular Saver account could be a good option. It offers one of the highest rates in the regular savings market and flexibility to access your money if you need it.

But bear in mind that while the interest rate might look good, the monthly restrictions on the amount you can pay in each month mean that you might earn less than you expect. The rate also plummets once you’ve saved more than £5,000, so if you reach that threshold you might be better off putting your extra savings elsewhere.

You have to be a NatWest current account holder, so if you’re not keen on that idea then you will have to give this one a miss. Take a look at what other regular saver accounts are available.

Pros

  • Easy to open
  • Encourages good savings habits
  • Competitive interest rate on smaller balances
  • FSCS protection
  • Easy access to funds

Cons

  • You must be an existing NatWest current account holder
  • Interest rate drops for higher balances
  • Joint accounts are not permitted

In this guide

  • Our verdict
  • Details
    • Account overview
    • Product management
  • Frequently asked questions
  • Your reviews

Details

Account overview

Account name Digital Regular Saver
Account type Regular Savings
Provider NatWest
Interest rate 1.75% AER variable
Gross Rate 6%
Interest paid Monthly
Interest paid details 1st Working Day of Month
Access to branch network
Min. opening balance £0
Maximum deposit £0
Min. operating balance £0
Applicant min. age 16
Tax note Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances
Withdrawals Withdrawals permitted

Product management

Open via mobile app
Operate via app
Open via website
Operate via website
Open via branch
Operate via branch
Open via phone
Operate via phone
Open via post
Operate via post

Regular savings accounts are designed to get savers in the habit of setting aside money little and often — and NatWest is one of the most competitive in this market.

Unlike many similar accounts, it also gives savers flexibility to withdraw money if they need it.

This review looks at NatWest’s Regular Saver account in detail.

What is the NatWest Digital Regular Saver account?

The NatWest Digital Regular Saver account is designed to help you save on a monthly basis. The amount you can pay in each month must be between £1 and £150, but you can change this whenever you need to.

You’ll then earn a tiered rate of interest, depending on the amount you have in your account. Unusually, the higher your balance, the lower the interest rate will be. The account can be managed online, via the mobile app, in branch or by phone.

Compare regular savers

How does it work?

The NatWest Digital Regular Saver account offers the following key features:

  • Flexible payments. You can change your monthly standing order as required or top-up your monthly contribution if you haven’t already hit your £150 limit for the month.
  • Round Ups feature. Every time you spend on your NatWest debit card, the amount will be rounded up to the nearest pound and the spare change will be sent from your current account to your Digital Regular Saver account – this won’t count towards your monthly limit.
  • Easy access. You can withdraw funds from your account at any time.

Who is it for?

To qualify for the NatWest Digital Regular Saver account, you must already hold a NatWest current account and be at least 16 years old and a UK resident.

The Digital Regular Saver could be a good option for anyone looking to get into the savings habit, but who would prefer not to lock away their funds for a set term, which is a requirement for many other regular saver accounts.

What are the benefits?

The main benefit of this account is that it can encourage you to save on a regular basis and build up a nest egg. You’ll have the flexibility of being able to access your savings at any time and change your monthly standing order as and when needed.

How to apply

You can open the NatWest Digital Regular Saver account through online banking or through the NatWest mobile app. Registering for online banking (if you haven’t already) only takes a few minutes and you’ll need your sort code and account number as well as your NatWest debit card if you have one. Note that you can only hold 1 Digital Regular Saver account and you cannot hold a joint account.

Is it safe?

Yes, NatWest is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. This means your money will be protected by the Financial Services Compensation Scheme (FSCS) which covers deposits of up to £85,000 per person in the event the bank ceases trading.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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