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Sterling Fixed Term Deposit
Deposit your money for a fixed term and earn a guaranteed interest rate
To apply you must be aged 16 or over, have a Cash Management account with us and reside in an eligible country. Minimum deposit £5,000. Early withdrawals or account closure before the Maturity Date are not permitted. Please read the Summary Box below which gives you key information. To set up and maintain your banking with NatWest International, you must keep a minimum balance of £25,000 with us (or the equivalent in another currency).
On this page
Why choose a fixed term for your savings?
With a fixed interest rate, you'll always know how much your money will grow.
You can open a Sterling Fixed Term Deposit with:
- £5,000 for terms of 3, 6, or 12 months
- £25,000 for a 2-year deposit
We also offer Fixed Term Deposits in Euros and US Dollars.
Please remember, our Fixed Term Deposits are only available to customers who have a Cash Management account with us.
Once you’ve made your deposit, you won’t be able to add or withdraw money until the term finishes.
Summary Box
Account name: Fixed Term Deposit (Sterling)
What’s the interest rate?
The actual rates available depends on when the deposit is fixed. As an indication, these rates were available on 13th October 2025.
Balance
£5,000 – £99,999
£100,000 – £499,999
£500,000 – £999,999
£1,000,000 – £19,999,999
AER/Gross p.a. (fixed)
3.39%
3.49%
3.59%
3.69%
Interest rates for our 3-month Fixed Term Deposits are set daily. The above interest rates are an indication only. Please contact us for the latest rates. We'll provide you with an exact rate before you fix the deposit. Interest is calculated daily from the date of your deposit and will be paid into your Cash Management account on the maturity date.
Balance
£5,000 – £99,999
£100,000 - £19,999,999
AER/Gross p.a. (fixed)
3.78%
4.00%
The 6 months rate of 4.00% AER/Gross p.a is a limited time offer, available up to 30th October and may be withdrawn from sale at any time without prior notice. Interest rates for our 6-month Fixed Term Deposits are set daily. The above interest rates are an indication only. Please contact us for the latest rates. We'll provide you with an exact rate before you fix the deposit. Interest is calculated daily from the date of your deposit and will be paid into your Cash Management account on the maturity date.
Balance
£5,000 – £99,999
£100,000 - £19,999,999
AER/Gross p.a. (fixed)
3.91%
4.10%
The 12 months rate of 4.10% AER/Gross p.a is a limited time offer, available up to 30th October and may be withdrawn from sale at any time without prior notice. Interest rates for our 12-month Fixed Term Deposits are set daily. The above interest rates are an indication only. Please contact us for the latest rates. We'll provide you with an exact rate before you fix the deposit. Interest is calculated daily from the date of your deposit and will be paid into your Cash Management account on the maturity date.
Balance
£25,000 – £4,999,999
AER/Gross p.a. (fixed)
3.55%
Maturity date
30/11/2027
This is a limited offer and may be withdrawn from sale at any time without prior notice. Interest is calculated daily and paid either quarterly, annually or on the maturity date into your Cash Management account.
Can NatWest International change the interest rate?
No, the interest rate is fixed for the term of your deposit. This means that the rate will not change between the date you open a fixed term deposit and the maturity date.
What would the estimated balance be based on a range of deposits and terms?
Fixed amount deposited at start date
£10,000
£100,000
£500,000
£1,000,000
Interest earned
£84.75
£872.5
£4,487.00
£9,225.00
Balance at maturity date
£10,084.75
£100,872.50
£504,487.50
£1,009,225.00
These are examples and do not take into account individual circumstances. Interest is paid at maturity.
Fixed amount deposited at start date
£10,000
£1,000,000
Interest earned
£189.00
£20,000.00
Balance at maturity date
£10,189.00
£1,020,000.00
These are examples and do not take into account individual circumstances. Interest is paid at maturity.
Fixed amount deposited at start date
£10,000
£1,000,000
Interest earned
£391.00
£41,000.00
Balance at maturity date
£10,391.00
£1,041,000.00
These are examples and do not take into account individual circumstances. Interest is paid at maturity.
Fixed amount deposited at start date
£25,000
Interest earned
£1,806.51
Balance at maturity date
£26,806.51
This is an example and does not take into account individual circumstances. The example assumes that interest is paid at maturity.
How do I open and manage my account?
How to open a Fixed Term Deposit
- For 3, 6 and 12 month terms, you can deposit between £5,000 and £19,999,999.
- For 2-year terms, you can deposit between £25,000 and £4,999,999.
- Once your Cash Management account is open, you can open a fixed deposit using our mobile app, online or by telephone.
Managing your account
- Once your Fixed Term Deposit starts, you won’t be able to add more money to it.
- We’ll send you a deposit contract within 14 business days to confirm your deposit details.
- You can’t take money out of your deposit until the fixed term ends.
- When your deposit matures, we’ll pay your deposit and any interest earned into your Cash Management account.
- Once the deposit matures, if you no longer require the Cash Management account, please advise us in writing to close the account.
Information Message
To apply you must be aged 16 or over, have a Cash Management account with us and reside in an eligible country. To set up and maintain your banking with NatWest International, you must keep a minimum balance of £25,000 with us (or the equivalent in another currency).
Can I withdraw money?
Early withdrawals or early closure before the Maturity Date of a Fixed Term Deposit are not permitted.
Additional information
Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.
Gross means the interest rate you are paid on your savings with no compounding.
p.a. stands for 'per annum' (per year).
Our Cash Management account lets you hold different currencies, including sterling, all in one place. You can easily access your money and use your account for:
Making payments in sterling and other currencies.
Receiving payments in sterling and international currencies.
Handling foreign exchange transactions.
Managing Fixed Term Deposits in GBP, USD and EUR currencies.
More about the Cash Management account
To apply for a Cash Management account, you must be aged 16 or over and reside in an eligible country.
How to apply
Before you apply for a Sterling Fixed Term Deposit, please review our eligibility, important information and details on how we use your information so you're sure it's the right account for you.
Who is eligible to apply?
You can apply for a Sterling Fixed Term Deposit if you:
- are aged 16 or over and reside in an eligible country.
- have a Cash Management account with us.
- deposit at least £5,000 for 3, 6 or 12 months, or deposit at least £25,000 for a 2-year term.
To set up and maintain your banking with NatWest International, you must keep a minimum balance of £25,000 with us (or the equivalent in another currency).
Information Message
If you're resident in the Channel Islands, Isle of Man or Gibraltar, please visit our Personal Banking section.
Please review our important information
If you continue to apply, you’re confirming that you’ve been provided with and have acknowledged our important documents. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll email you when your statements are ready to view in online banking.
The NatWest International Personal banking account terms and fees booklet includes details of general terms, account specific terms and account fees.
Under the scheme(s) customers are entitled to make only one claim per licensed entity regardless of the number of brands or trading names contained within that licensed entity and customers are entitled to make one claim only per licensed entity in the jurisdiction where the deposits are held.
Therefore as NatWest International brand is operated by RBS International it is not licensed in its own right. A person with a deposit in NatWest International and a deposit in RBS International would thus only be entitled to make one claim.
Jersey Banking Depositor Compensation Scheme
NatWest International is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period.
Full details of the Scheme and banking groups covered are available on the Government of Jersey website www.gov.je/dcs or on request.
Guernsey Banking Deposit Compensation Scheme
NatWest International is a participant in the Guernsey Banking Deposit Compensation Scheme. The scheme offers protection for ‘qualifying deposits’ up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period.
Details are available from: Website www.dcs.gg. Telephone: +44 (0)1481 722756. Post: P.O. Box 380, St Peter Port, GY1 3FY.
Deposits made in a Guernsey Branch will not be covered by any equivalent scheme in any jurisdiction outside of the Bailiwick of Guernsey.
Isle of Man Depositors’ Compensation Scheme
NatWest International is a member of the Isle of Man Depositors’ Compensation Scheme (DCS) as set out in the Depositors Compensation Scheme Regulations 2010.
To understand your eligibility under the scheme you may wish to visit the Isle of Man Financial Services Authority website.
Gibraltar Deposit Guarantee Scheme
The Royal Bank of Scotland International Limited trading as NatWest International is covered by the Gibraltar Deposit Guarantee Scheme (‘GDGS’). The GDGS can pay compensation to depositors if a credit institution is unable to meet its financial obligations. Ordinarily, most depositors – including individuals, corporations and small businesses – can claim back up to EUR 100,000 of their deposits (or EUR 100,000 for each eligible account holder if it’s a joint account). However, there are important exclusions which apply to certain depositors, which are set out on the website of the GDGS.
For further information about the compensation provided by the GDGS refer to: www.gdgb.gi.
The information sheet sets out the key information you need to know about our 2-year Fixed Term Deposit including interest rates and balance examples.
How your information might be used
We want you to feel confident about how your information is used and shared. Before you continue, please read our privacy notice.