Customer rating
★★★★★
★★★★★
Satisfaction survey
An award-winning app to help you manage your savings
Savings rates are not as high as other savings providers
NatWest savings accounts
NatWest offers a broad range of savings accounts with interest rates up to 6.17%.
NatWest is one of the UK’s ‘big four’ banks (as a part of The Royal Bank of Scotland Group). It’s home to roughly 7.5 million UK customers, with 850,000 small business accounts. Follow the rest of this guide to get a picture of NatWest savings accounts, as well as everything else that’s on offer.
Easy access savings accounts
Table: sorted by interest rate
NatWest's best easy access rate of 1% is significantly lower than today's market-best rate of 5.12%.
Compare more instant and easy access accounts up to 5.12%
Cash ISAs
Table: sorted by interest rate
NatWest's best cash ISA rate of 3.75% is slightly lower than today's market-best rate of 4.2%.
Compare more ISAs up to 4.2%
Fixed-rate bonds
Table: sorted by interest rate
NatWest's best fixed-rate bond rate of 3.82% is slightly lower than today's market-best rate of 4.68%.
Regular savings accounts
Table: sorted by interest rate
NatWest's best regular savings account rate of 6.17% is slightly lower than today's market-best rate of 7%.
Compare more regular savings accounts up to 7%
Business savings accounts
Table: sorted by interest rate
NatWest's best business savings account rate of 1.97% is significantly lower than today's market-best rate of 4.35%.
Compare more business savings accounts up to 4.35%
Overview of NatWest savings
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers, business |
|---|---|
| Best easy access rate | 1% |
| Best cash ISA rate | 3.75% |
| Best fixed-rate bond rate | 3.82% |
| Best regular saver rate | 6.17% |
| Best business savings account rate | 1.97% |
| Fixed bond terms | 1 year - 2 years |
| FSCS protection |
What’s the difference between instant access and easy access?
Instant access and easy access accounts tend to have fewer restrictions than some other savings accounts. These types of accounts typically allow withdrawals instantly or within 1 day, and have no penalties attached to withdrawing.
For an account to be easy access rather than instant access, it means there may be a short wait when you want to take money out and there can be limits on the number of withdrawals you can make.
In our easy and instant access tables, we show products that are variable rate or cash ISAs, that allow instant withdrawals or withdrawals within 24 hours, and that have no penalties attached to withdrawals. However, for some products, there may be a limit to the number of withdrawals you can make in a specified amount.
Other popular accounts
NatWest has all bases covered. Didn’t find the account type you were looking for? Check our other guides:
A bit about NatWest
In 1968 NatWest was formed out of a merger between National Provincial Bank and Westminster Bank. NatWest offers a range of products to suit all banking requirements. Since then, NatWest has been a regular presence on high streets up and down the UK – with 3,600 branches across the country.
In March 2000, The Royal Bank of Scotland completed the acquisition of NatWest in a £21 billion deal – the largest in British banking history. As a result, NatWest is now part of one of the world’s largest financial services groups. In July 2020 the banks’ parent company was renamed to NatWest Group to reflect the fact that most of its business was done through the NatWest brand.
Does NatWest offer online or mobile banking?
NatWest offers both!
Customers can manage their finances through a secure online portal, or via a mobile app.
The NatWest app is available to its customers with UK mobile numbers. The app was voted ‘Best Banking App’ in the British Bank Awards 2017. On the app, you can:
- Login securely with fingerprint
- Check balances
- View transactions
- Pay anyone up to £250
- Set up text alerts to keep up to date with account balances
Is it easy to switch to NatWest?
NatWest offers a “Switch Guarantee“, which simply means it will make the switchover as painless as possible. If you visit a branch they will be able to help you with:
- Transferring your payments from your old account (such as Direct Debits and Bill payments)
- Transferring any balance from your old account
- Closing your old account
They aim to have this all done within 7 working days.
How do I decide which account is for me?
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access for instance)
- Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)
The pros and cons of banking with NatWest?
Pros
- Award-winning app. The NatWest app makes it simple to keep an eye on your finances.
- Flexibility. NatWest offers accounts for any sort of financial need.
- High street presence. NatWest has an expansive high street presence with over 900 branches across the UK. If you prefer face-to-face customer service, there’s likely to be a branch near wherever you are.
Cons
- Better rates elsewhere? Interest rates have risen slight recently, but banks are typically slow to pass on the rise to savers. It helps to shop around to find out where you can get the best deal.
The bottom line
Flexible and full of options, NatWest offers a multitude of current, savings, student and children’s bank accounts that you can access in branch, online or via its award-winning app. Be sure to check out our other reviews first, though, to see how NatWest savings accounts weigh up against the competition in terms of rates, fees and perks.
Savings ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.
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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Ask an Expert
If I open a Natwest saving ISA, is there a penalty for taking money out?
Hi Steven,
Thank you for getting in touch with finder.
If you’re pertaining to Cash ISA, there is no penalty in taking money out from your account. It is best to contact Natwest directly if you consider opening an account with them and for further info on this matter.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
I want to open an account with NatWest.
Hello Gita,
Thank you for your comment.
To open a NatWest account, visit the NatWest website. Set up your account by completing the application form and receive a sort code and account number instantly. This is getting you closer to having your account open. Grab your ID. Your address history, income and ID details will be asked. Basically, you just need to follow the instructions online.
Please ensure that you have read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
What is the highest saving interest rate with NatWest?
Hello Angeline,
Thank you for your comment.
There are many types of savings account with NatWest. Upon checking, their website states that you can earn high interest with a Savings Builder account.
If your balance grows by £50+ a month (regular savings condition is met):
1.50% for balances between £1 and £5,000
1.50% for balances between £5,001 and £10,000
0.20% for balances over £10,000
Balance grows by less than £50 a month (regular savings condition is not met): 0.00%. Interest is paid monthly and on a stepped basis which means you’ll earn a different rate on each portion of your balance within the above tiers.
Please visit NatWest’s website to see the interest rates of the other types of accounts.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn