Premium Saver | Savings | NatWest International

Premium Saver

Earn bonus interest on balances between £25,000 - £1,000,000

Apply for a Premium Saver Compare our savings accounts

Exclusive for our current account customers, aged 16 and over.



Your savings when you need them
Instant access account



Get rewarded
Earn bonus interest on savings between £25,000 and £1 million



Manage your savings
Online, in branch or over the phone

Premium Saver

Our Premium Saver account pays a monthly bonus on balances between £25,000 – £1m if you leave your money untouched.

You still get instant access to your savings when you need them and the interest rate only drops for the month you withdraw your money. Leave your savings untouched the following month, and you'll get the bonus interest again.

What is the interest rate?

With bonus interest
No withdrawals made in any month

Balance AER / Gross p.a. (variable)
£1 - £24,999 0.20% (no bonus paid)
£25,000 - £49,999 0.60% (inc. 0.40% bonus)
£50,000 - £1,000,000 0.85% (inc. 0.65% bonus)
£1,000,000+
0.45% (no bonus paid)

Without bonus interest
One or more withdrawals made in a month

Balance AER / Gross p.a. (variable)
£1 - £24,999 0.20%
£25,000 - £49,999 0.20%
£50,000 - £1,000,000 0.20%
£1,000,000+
0.45%


The need-to-knows

  • Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. If, for example, you hold £150,000 in your account and you have satisfied the bonus condition, your interest rate for that monthly bonus period will be 0.85% AER/Gross p.a. on your entire account balance.
  • You can find details of the bonus condition in the Additional information section further down the page.
  • 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.

What would the estimated balance be after 12 months based on a range of deposits?

With bonus interest
No withdrawals made in any month

Initial deposit Balance after 12 months Interest earned
£25,000 £25,150.41
£150.41
£50,000 £50,426.66 £426.66
£150,000 £151,279.98 £1,279.98

Without bonus interest
One withdrawal of £50 each month for a year (£600 in total)

Initial deposit Balance after 12 months Interest earned
£25,000 £24,449.39
£49.39
£50,000 £49,499.44 £99.44
£150,000 £149,699.62 £299.62

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to interest rates and tiers; and any interest earned stays in the account.

Frequently asked questions

How do I open and manage my account?

You must be aged 16 years or over to open an account.

You must already have a current account with us, or apply for a current account with us at the same time as opening your savings account. 

You can only have one Premium Saver account in your sole name, and only one Premium Saver account in joint names with another person.

You can open and manage your account in branch, online and by telephone.

No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.

However, to earn the bonus rate of interest in each monthly bonus period, your account balance must be between £25,000 – £1,000,000 and you must not make any withdrawals in that month.

Can NatWest International change the interest rate?

Yes, the interest rate is variable.

The rate may be changed for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees e.g. to take account of 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. 10.4 of the Personal Banking Account Terms and Fees contains details of the notice we'll give you.

Can I withdraw money?

Yes. No notice is required.

You can withdraw money:
•  in branch
•  by transfer to any other account based in the UK, Channel Islands, Isle of Man or Gibraltar (online, by telephone or on the mobile app)

There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking.

However if you make one or more withdrawals in a monthly bonus period, you will not earn the bonus for that month and your interest rate will be lower for that period.

Additional information

How do I earn bonus interest?
To earn the bonus in each monthly bonus period, your account balance must be between £25,000 and £1,000,000, and you must not make any withdrawals from your account for that month.

A monthly bonus period runs from close of business on the second-last business day of one month, to close of business on the second-last business day of the following month.

Close of business times differ depend on whether you pay in your money in branch, or by using our telephone, online or mobile banking services.

What happens if I close my account?
You will not earn bonus interest for the monthly bonus period of closure. The interest rate without bonus will continue to apply up until the day you close your account.

Balance tiers
Bonus interest only applies on balances between £25,000 – £1,000,000 where the bonus condition is met. No bonus interest will be earned for any day on which your account balance is less than £25,000 or greater than £1,000,000.

For example, if your account balance is £1,100,000, you will not earn bonus interest on any part of your balance. You will earn 0.45% AER/Gross p.a. (variable) on your entire account balance.

Definitions

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.

Gross
is the interest rate paid before the deduction of tax.

p.a.
per annum (per year).

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