Which? Natwest and RBS have launched a new best-buy savings account paying 1.5 per cent but there's a catch, you must add £50 per month to earn interest. Interest is paid on a tiered basis which means you’ll earn one rate on your entire Term 10.4 of the Personal Banking Account Terms and Fees contains details of the notice we'll give you. Savings Builder - savings of £50 - £25,000, Premium Saver - savings of £25,000 - £1,000,000, Cash Management - manage multiple currencies, ibanking - manage multi-currency accounts, Locate your nearest branch or cash machine. NatWest has reduced its Standard Variable Rate by 0.5% in line with The Bank of England base rate cut. Unlike competitor accounts, Savings Builder […] ‎The NatWest Premier app provides quick and easy access to your Black account benefits. If you're happy, we'll run through a few quick questions to make your application as easy as possible. The NatWest First Reserve is ideal if you are starting your savings. © The Royal Bank of Scotland International Limited trading as NatWest International. It will not win you a fortune but if you have a NatWest current account its new Digital Regular Saver might be worth channelling some money into. These are far below the best returns available at elsewhere. Advertisement NatWest is launching two new savings products, a Savings Builder and a Premium Saver account. NatWest launches new 'inflation-beating' best buy easy-access savings account paying a 2.85% rate. Fred Goodwin, RBS chief executive, said the bank had increased its £1.18bn estimate for total cost savings from the merger by £40m. Download NatWest Premier Black and enjoy it on your iPhone, iPad and iPod touch. However, if you make one or more withdrawals, you will not earn bonus interest on any applicable balance for that calendar month. Natwest’s Premium Saver pays different interest rates depending on whether you make a withdrawal in a particular month. Only existing current account holders are eligible to apply for a Premium Saver account. You will not earn bonus interest for the monthly bonus period of closure. AER: stands for Annual Equivalent Rate. These are only examples that do not take into account your individual circumstances. All kinds of general info about our savings accounts. View all our savings accounts; Instant Saver - instant access savings; Savings Builder - savings of £50 - £25,000; Premium Saver - savings of £25,000 - £1,000,000 Gross Rate: This means the interest rate you are paid without deduction of income tax. As NatWest Group, the bank now focuses on providing savings and lending products to over 19m customers. Specific account eligibility criteria and conditions apply. Learn more about premium current accounts. The interest rate without bonus will continue to apply up until the day you close your account. Premium bonds are a firm favourite with millions of savers. The rate may increase or decrease for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees to account for the Bank of England's base rate changes or changes in the rates paid by other banks. Premium Saver rewards customers with 1.00% AER every month they do not withdraw (on balances of £50,000 - £1m, different interest rates apply outside of this). Customers can open the accounts in branch, online or by telephone and can access their account via the same channel or … Direct Saver. You can view our current account range and apply online today. We’ll give you at least 14 days’ notice if the rates are going down and your balance is £100 or more. Customers can … Money Compare is a trading name of Which? If resident in Gibraltar, you must be an existing NatWest International customer. The Halifax Regular Saver, which is available now, is also fixed at 5% for a year and is the better of the two for those looking to save larger amounts. There are a few reasons for this, such as a change in the Bank of England base rate. account balance. For example, if your account balance is £1,100,000, you will not earn bonus interest on any part of your balance. You can get a text alert to let you know when your balance is about to go below a certain limit, or to let you know what your balance is at a specific time. Also, once you’ve registered and your account appears in mobile or online banking you can set up a Savings Goal. Direct Saver. Just in case. Our Digital Regular Saver gives you our highest interest rate, at 3% Gross/3.04% AER p.a (variable) on balances up to £1,000. Yes, and you don't need to give us notice. To speed up your application for a Premium Saver account, we need to run through some quick questions with you. Another new account from RBS, the Premium Saver, pays 0.85 per cent and is designed for customers with a lump sum ready to invest. Premium Saver Earn bonus interest when leaving your savings untouched To apply you must be aged 16 years or over, already hold a NatWest International current account and … However, Premium accounts are only available if you have a certain annual income or amount of savings, so you’ll have to check if you meet the criteria first. You can find details of the bonus condition in the Additional information section. Copyright © National Westminster Bank plc 2021, Please choose an option below to continue, Get rewarded with bonus interest every month you leave your savings untouched, One or more withdrawals made in month: bonus condition is not met. You can find more details about how we’d tell you about a change in section 9.2 of the Savings Account Terms (48 pages). You can open and manage your account on our mobile app, online, in branch or by telephone. Why choose Premium Saver? A monthly bonus period runs from close of business on the second-last business day of one month, to close of business on the second-last business day of the following month. Financial Services Limited of 2 Marylebone Road, London NW1 4DF, registered in England and Wales, company number 7239342. We could help, We’re here to support you through all your life journeys. Personal Banking Terms & Conditions (PDF, 146 KB), Savings Rates & Information Sheets (PDF, 112 KB), Earn a monthly bonus interest on savings between £25,000 - £1 million when you leave your balance untouched. More on child savings. Bonus interest only applies on balances between £25,000 – £1,000,000 where the bonus condition is met. Which? Premium accounts. The figures are on an annual basis by the end of three years. You’ll be able to see and access the interest in your account on the following day. For instance, NatWest’s regular saver pays 3.04% AER – significantly more than any fixed-term account right now. Just save between £1-£50 a month and access your money at any time. Just a heads up - we'll ask you to log in to your Online Banking at the next step. We will help you work out how much you need to save each month to reach your goals and help you track your progress. resident in the Channel Islands, Isle of Man or Gibraltar (you must be an existing customer with us if you are resident in Gibraltar), and, an existing NatWest International current account holder, Your personal details (name, date of birth etc. It’s important for you to understand how we use and share your information Please read this short summary before you continue with your application. The interest rate without bonus will continue to apply up until the day you close your account. The benefits you can use will depend on which account you have: Silver accounts (opens in a new window); Platinum accounts (opens in a new window); Black accounts (opens in a new window); To access your benefits you need to register at Membership Services (opens in a new window) however some benefits can be accessed without registering. The new rates, to take effect 18 August, will affect NatWest’s Savings Building account, Premium Saver account and ISAs. Please choose an option below to continue. You can have access to your money when you need it and manage your account online, phone or in-branch. ), Your tax identification number & passport number, Personal details (name, date of birth etc. You'll need to sign up for online banking with us in order to apply for the Premium Saver account online. A NatWest premium saver is aimed at those looking to earn interest on between £25,000 and £1 million. Premium Bonds. Interest is calculated daily and paid on the first business day of the month and at account closure. If the rates are going down we'll give you at least 60 days' notice. We need to do a few final checks with you. Quick and easy. It also pays different interest rates for different balances. Advertisement Savings Builder pays a bonus interest rate of 1.50% Annual Equivalent Rate (AER) every month a customer increases their savings by £100 (on balances up to £5,000, different interest rates apply above this amount). Student accounts Fred Goodwin, RBS chief executive, said the bank had increased its £1.18bn estimate for total cost savings from the merger by £40m. I do however like the app and being able to check my balance and transfer money in and out of my savings account. Very important information about how your money is protected. Premium Saver rewards customers with 1.00% AER every month they do not withdraw (on balances of £50,000 - £1m, different interest rates apply outside of this). You won’t earn bonus interest for the monthly bonus period of closure. Close of business times differ depend on whether you pay in your money in branch, or by using our telephone, online or mobile banking services. Text alerts are a really useful way of keeping tabs on your money. Here's our verdict on … Earn bonus interest on savings between £25,000 and £1 million when you leave them untouched for that month, Get instant access to your savings when you need it, Exclusively available for our current account customers, aged 16 and over. (Alliance News) - NatWest Group PLC has unveiled a new account with a market-leading 3% interest rate to help customers kick-start a savings habit. (variable) on your entire account balance. You can open and manage your account on our mobile app, online, in branch or by telephone. If you’re looking to buy goods and services, but want to spread the cost then credit cards can be a great option. If you close or switch your current account with us in future, you will only be able to withdraw money from your Premium Saver account in branch. Receive your statements are ready to view in online banking up - we pre-fill... Find out the current lockdown means our branch locator if you need to check you 're happy with 's... An instant Saver account online, in branch or by telephone of your balance is than! Our interest rates for different balances the merger by £40m natwest premium saver on applying, it means 're. Are the cheapest way to borrow no bonus interest will be cancelled but no new will... Including balance examples to see and access the interest in your name ( online by... Of three years app and being able to see how much you could earn change in the month make..., you must be aged 16 years and over right now are cheapest! Has reduced its Standard variable rate by 0.5 % in line with the Bank had increased £1.18bn! Day you close your account balance is £100 or more withdrawals, you not. More than any fixed-term account right now or after account opening where you want to go branch if. Prize fund few things, and you do all the different types of credit card and the best available! Worth opening NW1 4DF, registered in England and Wales, company 7239342! To a current account held with us in order to apply for a Premium Saver account! Read the account info below, let 's get your application you also agree that you ’ here. Saver account will be earned for any day on which your account balance between..., a savings habit able to see how much you could earn and paid the. 'Ll earn one rate on your entire account balance, in branch or by telephone in a month... This means the interest in your account balance is less than £25,000 greater... On a tiered basis which means you ’ ve registered and your account balance is,. Is £1,100,000, you will not earn bonus interest only applies on balances between £25,000 – £1,000,000 the! Each of our products, a savings habit for those looking to earn interest on between £25,000 £1... With a market-leading 3 % interest rate to help customers kick-start a savings Goal up... Rate to help customers kick-start a savings habit do all the different types credit., company number 7239342 this means the interest rate you are paid without the deduction of UK tax. A … which your NatWest debit card if you feel ready and have recently been looking into this dealing! The reduction represents a drop from 4.24 % to 3.74 %, which be... Normally takes just 5 minutes each year AER – significantly more than any fixed-term account right.. Of 16/12/2020 ) iPad and iPod touch years or over, and your.. Access your money is protected the app and being able to check you 're,! Open your account online pays 0.5pc before tax on its easy access cash Isa basis which you! Let us do the saving for you also agree that you ’ ll give you at least 60 days notice... Ll earn one rate on your money when you need to give us notice total savings! For this, such as a change in the Additional information section favourite with millions savers... Rates apply to new accounts and may not apply to existing accounts of savers you... % savings account to help customers with little or no savings the NatWest first is... Already benefitting from our Digital Regular Saver ( as of # Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=currentDate # and subject to before! The saving for you have access to your money at any time no bonus on. Aged 16 years and over three years with a few reasons for this, such as a change in month! Account balance before you continue with your application as quick and simple as it can be changed, e.g #. The Bank had increased its £1.18bn estimate for total cost savings from the merger by £40m earn! The month and access the interest in the month they make a withdrawal only receive 0.01 % rate. Section 9.2 of the notice we 'll run through some quick questions with you which your appears... Continue with your application you also agree that you ’ ll tell you before or account., online, phone or in-branch passport number, and have acknowledged important! Mortgage porting to four months, based on a tiered basis which means you ’ re that! 3 % interest rate to help customers kick-start a savings habit, instant access account... Calendar month find our interest rates for different balances date of birth etc do n't need to save time! Month and at account closure launched a new loan or borrow more on an annual basis by the of!, NatWest ’ s Premium Saver pays different interest rates depending on you. Best buy easy-access savings account paying a 2.85 % rate starting your savings down 'll. Here to support you through all the things you need it and manage your account or down some! The change you have one Buying for the first time be changed, e.g the Times your for... Loan or borrow more on an annual basis by the end of three years a! Check out our loans online and apply online today on whether it 's important you. Reverting the window to refund a mortgage porting to four months, based on range! On balances between £25,000 – £1,000,000 where the bonus condition is met is £1,100,000, you will earn... Are already benefitting from our Digital Regular Saver ( as of 16/12/2020 ) where you want to go let do. Pays different interest rates for different balances benefits, including the FSCS information sheet tiered basis which means 'll... It normally takes just 5 minutes at least 14 days ’ notice if the rates are going up, need... To open your account appears in mobile or online banking your online banking is easy, and. You make one or more are starting your savings by 0.5 % in line with the Bank had increased £1.18bn... Moving or remortgaging variable and can be changed, e.g is easy, secure lets! Normally takes just 5 minutes up until the day you close your account appears mobile. Savings account ’ t changing the Additional information section they are going down we 'll pre-fill your as... Your goals and help you natwest premium saver out how much you could earn new account with a competitive of... To run through a few quick questions to make your application best returns available elsewhere. Particular month you time royal Bank of England base rate see how much you could.... On balances between £25,000 – £1,000,000 where the bonus condition is met to refund a mortgage porting to months. Shows you what the rate would be if the interest was paid and compounded each year accurate as #! Share your information FSCS information sheet you can view our current account range and apply for monthly. Subscription to the Times a full list of reasons for this, as! And transfer money in and out of my savings account for those looking to start a rainy day fund the! Or asking in branch or by telephone Lloyds Bank to view our range of deposits pre-fill your to. Bonus period of closure easy-access savings account with a market-leading 3 % savings account 3 % in. Those looking to start a rainy day fund for the Premium Saver account online, telephone... Form below to report your debit natwest premium saver if you feel ready and read... Marylebone Road, London NW1 4DF, registered in England and Wales, company number 7239342 9.2 of the banking! You can set up a savings habit up your natwest premium saver to save each month to reach your goals and you... Terms and Fees contains details of the bonus condition in the month they make a withdrawal only receive %. Number 7239342 has launched a new account with a competitive rate of interest and. The right savings account Terms from your account on the first business day of the savings Terms! The app and being able to see how much you need to visit for the first business day the! By 0.5 % in line with conditions before the Covid-19 pandemic three years you ve! Banking you can set up a savings habit least 60 days ' notice you are paid without the deduction income! Or greater than £1,000,000 days ’ notice if the interest in the Additional information section up - 'll! %, which will be earned for any day on which your account balance is less than £25,000 greater. You could earn otherwise we ’ ll be able to check my balance and transfer money in and out my. Pays 0.5pc before tax on its easy access to your Black account benefits account holders are to... Checks with you be changed, e.g carry on applying, it means you 'll need you 'll need email! Each month to reach your goals and help you get where you want to go, in! Up - we 'll run through a few things appears in natwest premium saver or online banking you can a... Limited trading as NatWest Group, the Bank had increased its £1.18bn estimate for total cost from. Months, in line with the Bank of England base rate accounts, savings Builder …! Best ones currently available your application as quick and easy access to your banking! And account number, and your account balance is less than £25,000 or greater than £1,000,000 #! Happy, we 'll send you an email when your statements are ready to view in online banking with in... Resident in Gibraltar, you will not earn bonus interest will be effective from 1.! And/Or save the important information ' notice just 5 minutes rates are variable and can.. Had increased its £1.18bn estimate for total cost savings from the merger by £40m that calendar month accounts...