Fixed Rate

NatWest Fixed Term Savings 1 Year Review

A one-year fixed rate bond from NatWest. It ranks 56th of 69 one-year fixed rate bonds we track.

Fixed rate · 1 year

4.11%AER

Up to 4.20% on some tiers

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£3,000,000

Access

At maturity only

Interest paid

Monthly

NatWest is also paying up to £500 to switch your current account.

See the switch offer

Rate Tiers

£1 – £99,999

4.11%AER

£100,000 – £3,000,000

4.20%AER

How It Stacks Up

Ranks 56th of 69

1-year fixed bonds we track

Below average
This account 4.11%
UK CPI (Aug 2026)
3.10%
Pays 1.01% more
Average 1-year fixed
4.47%
Pays 0.36% less
Best 1-year fixed
5.12%
Pays 1.01% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: Your money is locked in for 1 year

Good to Know

Interest can be directed to a nominated NatWest personal current or savings account (excluding cash ISAs); early closure charges may apply.

Please verify all details with the provider – see our Disclaimer

See all NatWest accounts

Estimated returns with NatWest's Fixed Rate

What you could earn with NatWest's Fixed Term Savings 1 Year.

Estimated interest

£1,000 saved

£41.10

At 4.11% AER

£5,000 saved

£205

At 4.11% AER

£10,000 saved

£411

At 4.11% AER

£3,000,000 saved

£126,000

At 4.2% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on NatWest Fixed Term Savings 1 Year

Jonny PeaseCo-Founder, DepositScout

NatWest's one-year fix pays 4.11% on balances up to £99,999, rising to 4.20% if you have £100,000 or more, and interest lands monthly which some savers appreciate. That said, the rate sits below the market average for fixed-rate accounts and is 1.24% behind the current market leader at 5.35%, so you are leaving meaningful money on the table purely for the NatWest name. The real catch is the usual one for fixed bonds: no access until maturity. If you are comfortable shopping around, OakNorth Bank's Fixed Term 12 Months at 4.96% is worth a look.

2 alternatives to NatWest's Fixed Term Savings 1 Year

Same type of account, closest on rate.

Common questions about the Fixed Term Savings 1 Year

D

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4.75%
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