Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Regular Saver
| Account | AER | Monthly Limit | Interest | Min Balance | |
|---|---|---|---|---|---|
| Digital Regular Saver | 5.25% | £150 | Variable | £1 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Fixed Rate ISA 1 Year | 4.75% | 1 Year | Accepted | £1,000 | |
| Fixed Rate ISA 2 Year | 4.75% | 2 Years | Accepted | £1,000 | |
| Cash ISA | 1.15% | Instant | Accepted | £1 |
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Fixed Term Savings 2 Year | 4.15% | 2 Years | Monthly/On maturity | £1 | |
| Fixed Term Savings 1 Year | 4.11% | 1 Year | Monthly | £1 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Defined Access Saver | 2.50% | Instant | Variable | £1 | |
| Flexible Saver | 1.00% | Instant | Variable | £1 |
Investing: Stocks & Shares ISA
A Stocks & Shares ISA is an investment product, so returns depend on the market rather than a fixed savings rate. Here's how it compares on cost.
When you invest, your capital is at risk — the value of investments can go down as well as up, and you may get back less than you put in.
Cards
The NatWest cards we track. Open one for fees, perks and the catch.
Credit Card
Free
The everyday card for spending abroad
- Abroad
- Fee-free spending
Travel Reward
Free
1% MyRewards on eligible travel spend; 0.1% on other spend
- Abroad
- Fee-free spending
Premier Reward
£2 per month
Built for spending abroad
- Yearly cost
- £24
- Abroad
- Fee-free spending
Reward Credit Card
£24 per year
1% at supermarkets and 0.25% at petrol stations and elsewhere
- Yearly cost
- £24
- Abroad
- 2.75%
- £28 per £1,000
Reward Debit Card
£2 per month
£4 a month in Rewards for 2 or more Direct Debits of at least £2 each
- Yearly cost
- £24
- Abroad
- Fee-free spending
Reward Black
£84 per year
1% at supermarkets and 0.5% at petrol stations and elsewhere
- Yearly cost
- £84
- Abroad
- Fee-free spending
Reward Silver
£10 per month (rising to £12 per month from 1 Oct 2026)
The one with travel, phone and breakdown cover
- Yearly cost
- £120
- Abroad
- Fee-free spending
Reward Platinum
£22 per month (rising to £23 per month from 1 Oct 2026)
Travel, phone and breakdown cover — plus the extras
- Yearly cost
- £264
- Abroad
- Fee-free spending
Is NatWest FSCS protected?
Yes — FSCS protected up to £120,000
Yes. NatWest savings are FSCS protected up to £120,000 per person, per banking licence, under National Westminster Bank plc. The same limit is shared with Ulster Bank, First Active, Saga Savings and AA Savings.
Banking licence: National Westminster Bank plc
Shares this limit with Ulster Bank, First Active, Saga Savings, AA Savings.
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
- Apply for a Premier Select account and request and complete a full switch from a non-NatWest Group bank using the Current Account Switch Service.
- Within 90 days of switching, pay in £15,000 — this can be multiple payments and each must remain in the account for 24 hours.
- Within 90 days of switching, log in to the NatWest mobile app.
- Switch using the Current Account Switch Service
- Deposit £1250 and log in to the NatWest mobile app within 60 days of switching
- Maintain 2+ Direct Debits of £2+ each month to receive ongoing cashback
Who they are
NatWest - formally National Westminster Bank - is one of the UK's major retail and commercial banks, formed in 1968 by the merger of National Provincial Bank and Westminster Bank.
In 2000 it became part of The Royal Bank of Scotland Group, which renamed itself NatWest Group in 2020. That matters for savers: NatWest, Royal Bank of Scotland, and Ulster Bank Northern Ireland all sit under the NatWest Group umbrella and share a banking licence, so your FSCS protection is pooled across any accounts you hold with those brands.
Between 2008 and 2025, the UK government held a stake in NatWest Group following a £45 billion bailout - but the bank returned to full private ownership on 30 May 2025 after 17 years. Today it remains one of the country's largest high-street banks, with a broad branch network and a heavily promoted mobile app. By 2024 it had exceeded 9 million active mobile users. That said, customer service reviews on third-party sites are notably mixed - customers frequently report difficulties contacting the bank and reaching a human, and some find staff unhelpful when issues arise - so it is worth going in with realistic expectations.
Savings accounts
NatWest's headline savings product is the Digital Regular Saver, which pays 5.25% variable on balances from as little as £1. Regular savers suit people drip-feeding money in each month rather than depositing a lump sum, so check the monthly contribution limit before opening one.
For more flexible access, the Defined Access Saver pays 2.50% variable, while the standard Flexible Saver sits considerably lower at 1.00%. If you are parking a large cash pot in easy access, those rates are likely to be beaten by specialist savings providers, so it is worth a comparison before committing.
On the fixed side, NatWest offers a 1-year and 2-year Fixed Term Savings account at 4.11% and 4.15% respectively, with no minimum beyond £1. For ISA savers, there is an instant-access Cash ISA at 1.15%, and 1-year and 2-year Fixed Rate ISAs each paying 4.75% - though those fixed ISAs require a £1,000 minimum. A Stocks and Shares ISA is also available; investments there are protected up to £85,000 by the FSCS, with any uninvested cash covered up to £120,000. NatWest's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence). This allowance is shared with AA Savings, First Active, Saga Savings, Ulster Bank.
Switching to NatWest
NatWest currently runs three switch offers, all using the Current Account Switch Service.
The Select Account pays a £200 bonus with no monthly fee. You need to deposit £1,250 and log in to the NatWest mobile app within 60 days of switching. The Reward Account also offers £200, but carries a £2 monthly fee - offset by £5 cashback per month when you pay in £1,250 or more and make at least two direct debits of £2 or more, working out to a net gain of around £36 a year after fees. For higher earners, the Premier Select Account pays £500, though the bar is higher: you must pay in £15,000 within 90 days and log in to the mobile app. Each payment just needs to remain in the account for 24 hours. All three current accounts link to the Digital Regular Saver at 5.25%.
One important note: you only ever qualify for one switch bonus across the entire NatWest Group. If you have previously received a bonus from NatWest, RBS, or Ulster Bank, you will not qualify again.
Is it right for you?
NatWest is hard to ignore purely on breadth - it combines competitive switch cash, a strong regular saver rate, and tax-efficient ISA options all in one place. If you are primarily after a one-stop current account and savings setup, and particularly if the Premier Select bonus is within reach, the proposition stacks up.
Where it falls short is on everyday easy access rates. At 1.00% the Flexible Saver is well behind the market, and even the Defined Access Saver at 2.50% trails many standalone savings providers. If maximising interest on an existing lump sum is your priority, NatWest is unlikely to be the best home for it.
As with all rates on this page, the figures above change over time - use the live rate table to check what NatWest is paying right now before you decide.
This overview was generated by DepositScout's AI, Penny on 2 October 2026. It may contain inaccuracies — always confirm rates and terms with NatWest directly. Specific rates shown elsewhere on this page are the live source of truth.
