Reward Reserve
Earn extra savings rewards
Got £2000 or more to save? With Reward Reserve you can earn extra interest by limiting your withdrawals. Plus, it's easy to access your money if you need it.
Quarterly interest reward - you can earn an extra 0.25% gross interest if you make only one withdrawal per quarter and the account balance does not fall below £2,000 for more than four days during the period
Annual interest reward - make less than four withdrawals in a year, and we'll give you an extra 0.25% gross interest
Rewards for saving more - we pay you more interest when you save more with us
Instant access - your funds aren't locked away
Easy to manage - you can manage your account at your branch, online or over the phone
Transfers - it's quick and easy to move money between Reward Reserve and your other NatWest accounts
Easy to apply - start a Reward Reserve account with £2,000, and there's no maximum balance
Become a regular saver - set up a standing order and watch your savings grow
Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Current savings rates
Including all interest rewards
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £50,000 + | 0.80% | 0.80% |
| £25,000 - £49,999 | 0.75% | 0.75% |
| £2000 - £24,999 | 0.70% | 0.70% |
| £0 - £1,999 | 0.10% | 0.10% |
Quarterly reward amount - 0.25% (gross per annum)
Quarterly interest rewards are payable provided the account balance does not fall below £2,000 for more than four days per quarter and no more than one withdrawal is made per quarter.
Annual reward amount - 0.25% (gross per annum)
Annual interest rewards are only payable (on a pro-rata basis) providing no more than three withdrawals are made in any one year. Should you close your account during a quarter or annual period, you would not receive any quarterly or annual reward for that period.
Excluding all interest rewards
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £50,000 + | 0.30% | 0.30% |
| £25,000 - £49,999 | 0.25% | 0.25% |
| £2000 - £24,999 | 0.20% | 0.20% |
| £0 - £1,999 | 0.10% | 0.10% |
Interest paid quarterly and annually
Last updated on: 24/07/09
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
p.a. - per annum (per year).
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