Best NatWest savings accounts compared

NatWest offers a broad range of savings accounts with interest rates up to 6.17%.

4.1 ★★★★★ (190 reviews) Write a review
NatWest

NatWest is one of the big four banks, with a big selection of savings accounts to choose from, from regular savers to fixed rate bonds. If you're set on saving with a high street bank, NatWest could be worth considering, but in this overview we call out which of its savings rates come up short against competitors'. NatWest's top savings rate of 6.17% is available on its regular savings account.

Easy access savings accounts

Table: sorted by interest rate
NatWest's best easy access rate of 1.75% is significantly lower than today's market-best rate of 7.49%.
1 - 2 of 2
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
NatWest – Premium Saver
Variable
Instant access
£0
1.75% AER variable (on first £24,999)
FSCS logo
protected
Open via: website, mobile app, telephone
Go to site
View details
NatWest – Cash ISA
Cash ISA
Instant access
£0
1.75% AER variable (on first £24,999)
FSCS logo
protected
Open via: website, mobile app, telephone
Go to site
View details
loading
Compare more instant and easy access accounts up to 7.49%

Cash ISAs

Table: sorted by interest rate
NatWest's best cash ISA rate of 4.45% is slightly lower than today's market-best rate of 5.1%.
1 - 3 of 3
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
NatWest – 1 Year Fixed Rate ISA Issue 350
4.45% AER fixed until 27.08.25
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: website, mobile app, telephone
Available until 5pm on 31 July 2024 for new customers and 05 August 2024 for existing customers. Please be aware that this offer can be withdrawn at any time. To apply, you must be 18+ and a UK resident. Early closure charges may apply.
Go to site
View details
NatWest – 2 Year Fixed Rate ISA Issue 351
4.1% AER fixed until 27.08.26
£1,000
Yearly
Instant access (charge applies )
FSCS logo
protected
Open via: website, mobile app, telephone
Available until 5pm on 31 July 2024 for new customers and 05 August 2024 for existing customers. Please be aware that this offer can be withdrawn at any time. To apply, you must be 18+ and a UK resident. Early closure charges may apply.
Go to site
View details
NatWest – Cash ISA
1.75% AER variable (on first £24,999)
£1
Monthly
Instant access
FSCS logo
protected
Open via: website, mobile app, telephone
Go to site
View details
loading
Compare more ISAs up to 5.1%

Fixed-rate bonds

Table: sorted by interest rate
NatWest's best fixed-rate bond rate of 4.45% is slightly lower than today's market-best rate of 5.5%.
1 - 2 of 2
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
NatWest – 1 Year Fixed Term Savings Account Issue 230
4.45% AER fixed until 27.08.25
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
NatWest – 2 Year Fixed Term Savings Account Issue 231
4.1% AER fixed until 27.08.26
£1 - £5,000,000
Monthly
Instant access
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
loading
Compare more fixed-rate bonds up to 5.5%

Regular savings accounts

Table: sorted by interest rate
NatWest's best regular savings account rate of 6.17% is lower than today's market-best rate of 8%.
Name Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Apply link
NatWest – Digital Regular Saver
6.17% variable (on first £5,000)
£0 to £150 per month
None
Monthly
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
loading
Compare more regular savings accounts up to 8%

Business savings accounts

Table: sorted by interest rate
NatWest's best business savings account rate of 3.75% is significantly lower than today's market-best rate of 5.4%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
NatWest – Liquidity Manager 95 Day Notice Account
3.75% AER p.a. variable
Monthly
From £1
95 days notice
Open via: branch, website, telephone
Early withdrawals from Liquidity Manager Notice Accounts are not permitted.
Go to site
View details
NatWest – Liquidity Manager 35 Day Notice
3.25% AER p.a. variable
Monthly
From £1
35 days notice
Open via: branch, website, telephone
Early withdrawals from Liquidity Manager Notice Accounts are not permitted.
Go to site
View details
loading
Compare more business savings accounts up to 5.4%

What is NatWest's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts NatWest offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 1.75%
Best cash ISA rate 4.45%
Best fixed-rate bond rate 4.45%
Best regular saver rate 6.17%
Best business savings account rate 3.75%
Fixed bond terms 1 year 1 month - 2 years 1 month
Opening options Branch, website, mobile app, telephone
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.

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 over 600 branches across the country.

In March 2000, the Royal Bank of Scotland (RBS) 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
  • View transactions
  • Set up favourite payees
  • Pay your contacts up to £250 a day
  • Get real-time notifications when you spend, receive or move money
  • Set up text alerts to keep up to date with account balances
  • Freeze and unfreeze your bank card
  • See and download bank statements

How do I decide which account is for me?

You need to work out what it is you need from a savings account. Are you looking to put a bit of money away each month? Are you comfortable restricting access to your money in exchange for a higher rate of interest? When will you need the money?

You need to work out what you need before comparing the different offers available for certain types of account.

For many savers, getting a decent rate of interest will be the main goal while making sure they have the right level of access. Interest rates between banks can vary wildly and NatWest might not necessarily offer the best deals, so make sure you shop around and compare what other banks have to offer.

NatWest customer reviews

In our independent 2024 customer satisfaction survey, 88% of NatWest’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s excellent customer service. However, some cited that its rates could be more competitive. Here’s what some of those NatWest customers had to say:

“I’ve been a customer of NatWest for many years. Their customer service remains among the best out there, and their products are fabulous.”

“When I went in branch, a staff member sat with me and helped mt to find the best savings account for me. I opened the account then and there”

On the Apple App Store, NatWest is rated 4.8 out of 5 stars from 483,000 reviews. On the Google Play Store, NatWest is rated 4.7 out of 5 stars, from almost 360,000 reviews (April 2024).

The high street banks tend to be the worst culprits when it comes to passing on higher interest rates to savers, so make sure you compare NatWest’s accounts to the rest of the market to make sure you get a good deal.”

Katherine Denham, award-winning personal finance expert

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 a range of accounts for any sort of financial need.
  • Face-to-face support. NatWest has an expansive high street presence with over 600 branches across the UK. If you prefer face-to-face customer service, there’s likely to be a branch nearby.

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.

Customer service information for NatWest

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is a savings account from NatWest worth it?

NatWest’s regular and fixed-term savings accounts are competitive, so NatWest could be a good option if you’re looking for an account with a high-street bank. But if you want an easy-access savings account, you may want to compare rate using our best easy and instant access savings accounts page.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Katherine Denham's headshot
To make sure you get accurate and helpful information, this guide has been reviewed by Katherine Denham, a member of Finder's Editorial Review Board.
Charlie Barton's headshot
Written by

Publisher

Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. See full bio

More guides on Finder

6 Responses

    Default Gravatar
    StevenDecember 27, 2018

    If I open a Natwest saving ISA, is there a penalty for taking money out?

      AvatarFinder
      JeniDecember 28, 2018Finder

      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

    Default Gravatar
    GitaNovember 7, 2018

    I want to open an account with NatWest.

      AvatarFinder
      JhezelynNovember 9, 2018Finder

      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

    Default Gravatar
    AngelineSeptember 17, 2018

    What is the highest saving interest rate with NatWest?

      AvatarFinder
      JhezelynSeptember 18, 2018Finder

      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

Go to site