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Premium Saver

Earn bonus interest on savings between £25,000 - £1 million

To apply you must be aged 16 years or over, already hold a NatWest International current account and be resident in either Jersey, Guernsey, Gibraltar, Isle of Man or the UK.
On this page
Account features
What’s the interest rate?
How much interest could I earn?
How do I open an account?
Definitions
Common questions
Apply for a Premium Saver account

Why choose a Premium Saver account?

  • Earn a monthly bonus interest on savings between £25,000 - £1 million when you leave your balance untouched
  • Open your account online in 10 minutes
  • Exclusively available for our current account customers, aged 16 years and over.

In detail: Premium Saver

What's the interest rate?

No withdrawals made in month: bonus condition is met

Balance
£1 - £24,999
£25,000 - £49,999
£50,000 - £1,000,000
Over £1,000,000
Gross p.a./AER (variable)
0.01% (no bonus paid)
0.10% (including 0.05% bonus)
0.20% (including 0.15% bonus)
0.05% (no bonus paid)

Withdrawals made in month: bonus condition is not met

Balance
£1 - £24,999
£25,000 - £49,999
£50,000 - £1,000,000
Over £1,000,000
Gross p.a./AER (variable)
0.01% (no bonus paid)
0.05% (no bonus paid)
0.05% (no bonus paid)
0.05% (no bonus paid)
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 0.20% AER/Gross p.a. on your entire account balance. You can find details of the bonus condition in the Additional information section. 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.
Our savings account rates

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 contains details of the notice we'll give you.

How much interest could I earn?

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

No withdrawals made in any month: bonus condition is met

Initial deposit
£25,000
£50,000
£150,000
Balance after 12 months
£25,025.01
£50,100.09
£150,300.28
Interest earned
£25.01
£100.09
£300.28
These are only examples that do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to the interest rates; and any interest earned stays in the account.

One withdrawal of £50 made each month: bonus condition is not met for the whole year

Initial deposit
£25,000
£50,000
£150,000
Balance after 12 months
£24,411.52
£49,424.84
£149,474.85
Interest earned
£11.52
£24.84
£74.85
These are only examples that do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to the interest rates; and any interest earned stays in the account.

How do I open and manage my account?

  • You must be aged 16 years or over, and have a current account with us (or apply for one at the same time as opening your savings account), to open a Premium Saver 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 your account online, in branch or by telephone banking. To open an account online or by phone, you will need to be a registered user of these services.
  • No minimum deposit is required to open the account; you do not need to pay money in 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 I withdraw or transfer money?

Yes, Premium Saver is an instant access savings account which means that you can withdraw, transfer or access your money at any time. However, if you make one or more withdrawals, you will not earn bonus interest on any applicable balance for that calendar month.

You can withdraw or transfer money:

There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking. You can find out the current daily limits on this website, by contacting telephone banking or asking in branch.

Common questions

Definitions

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

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

p.a.: Per annum (per year).

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. If you're happy, we'll run through a few quick questions to make your application as easy as possible.

You can apply for a Premium Saver account if you are:

  • aged 16+, and
  • resident in the Channel Islands, Isle of Man or Gibraltar (you must be an existing customer with us if you are resident in Gibraltar), and
  • an existing NatWest International current account holder

Please review our important information

By clicking continue 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 send you an email when your statements are ready to view in Online banking.

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.

Let's get started...

To speed up your application for a Premium Saver account, we need to run through some quick questions with you. They'll only take a few minutes.

Continue
Do you hold a current account with us?
Only existing current account holders are eligible to apply for a Premium Saver account.
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Do you use Online Banking?
If so, we'll pre-fill your application to save you time.
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Is this account just for you, or is it a joint application?
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Great, looks like you're ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

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Great, you're all set and ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

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Is this account just for you, or is it a joint application?
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Great, you're ready to go!

Just so you can have what you need to hand, here's some of the information we'll ask for:

  • Your sortcode & account number
  • Your personal details (name, date of birth etc.)
  • Your address & contact details
  • Your tax identification number & passport number
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Great, you're ready to go!

Just so you can have what you need to hand, here's some of the information we'll need for both applicants:

  • Personal details (name, date of birth etc.)
  • Address & contact details
  • Tax identification number & passport number
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We're sorry...

We currently only accept applications from existing NatWest International current account customers.

You can view our current account range and apply online today.

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