Instant Saver

Access to your savings, whenever you need them

To apply you must be; aged 16+ and resident in one of our listed countries.

On this page

Account overview

Interest rates

How much interest could I earn?

Common questions

Definitions

Request a Call Back

Why choose an Instant Saver account?

Our Instant Saver account is ideal if you want an everyday savings account that gives you instant access to your savings, while still earning interest.

Start saving with no minimum deposit
Earn interest even if you’ve made a withdrawal
Manage your money 24/7 online or via the app

In detail: Instant Saver

What is the interest rate?

The following rates apply to our Instant Saver account

Can NatWest International change the interest rate?

Yes, the interest rate is variable. 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. If the rates are going down we'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. Term 10.4 of the Personal Banking Account Terms and Fees contain details of the notice we'll give you.

How much could I earn?

Estimated balance after 12 months based on a range of deposits.

Common questions

How do I earn interest?

You'll earn one rate of interest on your entire account balance. There are no regular saving conditions or monthly bonus conditions with this account.

Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.

Can I withdraw or transfer money?

Yes, you can withdraw or transfer your money at any time without giving notice. You can make payments from your account if the cleared for funds balance on your account is sufficient.

You can withdraw or transfer money:

online, by telephone banking or within the mobile app
by written instruction
at any cash machine, up to £250 per day if you request a debit card on the account*

Applicable T&C’s must be signed.

Charges vary depending on the amount and currency and how the payment is initiated. Please refer to our Personal Banking Account Terms and Fees for more details.

*Local charges may apply.

Can NatWest International change the interest rate?

Yes, the interest rate is variable. 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 which to account for the Bank of England's base rate changes or changes in the rates paid by other banks.

If the rates are going down we'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. Term 10.4 of the Personal Banking Account Terms and Fees contains details of the notice we'll give you and our Savings Rates and Information sheets details information and rates about Instant Saver.

Definitions

Annual Equivalent Rate (AER): Stands for the Annual Equivalent Rate. It shows you what the rate would be if interest was paid and compounded each year.

Gross Rate: The interest rate you are paid without the deduction of income tax.

p.a.: Per annum (per year).

Start Date: is the date on which your money is fixed.

Maturity Date: is the date on which your Deposit matures.

Ready to apply?

Before you apply, we've outlined the eligibility requirements for the account below, along with our terms and conditions to make sure it's the right account for you.

Eligibility requirements

To open an Instant Saver account you must be:

aged 16+ and
resident in one of our listed countries.

Residential requirements

Our International Banking service can help customers who are resident in the following countries:

Austria, Bahrain, Belgium, Bermuda, Canada, China (Expats only), Denmark, Finland, France, Hong Kong, Kuwait, Norway, Oman, Qatar, South Africa, Sweden, Switzerland, United Arab Emirates, United Kingdom (Non-domiciled only) or the United States of America.

Please note that not all of our products and services are available in all jurisdictions and some are available on a limited basis only due to local regulatory and legal requirements. Contact us to find out more.

Please review our important information

Our important documents give all the detail you need about our account. If you carry on applying, it means you're happy with what's in these documents. Please take some time to review, print and/or save the important information.

Depositor Compensation Schemes

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.

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

NatWest International is a participant in the Jersey Banking Depositor 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 States of Jersey website www.gov.je/dcs or on request.

Guernsey

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

Gibraltar

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.

How your information might be used

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.

Request a Call Back

Start your enquiry by completing our quick eligibility questions.

Continue

I'm resident in one of the following countries...

Yes

Will you be depositing £25,000 or more?

Yes

Request a Call Back

Please complete and submit our Call Back form and a member of our team will be in touch to talk about your International Banking needs.

Complete our Call Back form

Are you intending to mandate your salary of at least £40,000 to us?

Yes

Request a Call Back

Please complete and submit our Call Back form and a member of our team will be in touch to talk about your International Banking needs.

Complete our Call Back form

We're sorry...

Unfortunately we are only able to offer products to customers who meet these eligibility requirements.

Should your circumstances change, please contact us.

We're sorry...

Unfortunately due to legal and regulatory requirements, we are only able to offer products to customers resident in our listed countries.

Should your circumstances change, please contact us.