Fixed Term savings | Premier Banking | NatWest International

Fixed Term savings

Fixed interest rate for a fixed term

Call us to apply
Premier Banking team Get in touch

To speak to a member of the Premier Banking team please call:


Jersey: 01534 282961
Guernsey: 01481 703870
Isle of Man: 01624 697741
Gibraltar: 00350 200 52761

Lines are open Monday to Friday 9am-5pm except bank holidays. If outside of these hours, please leave a message and we will call you back as soon as possible.

Not a Premier Banking customer?
You can find out more about becoming a Premier Banking customer on the Our Service page.

Compare our savings accounts

You must be aged 16 or over to open a Fixed Term Deposit.



Choose a term that works for you
Available in 6, 9 or 12 month terms



Manage your savings
With a Cash Management account



Know what your savings will earn
With a fixed interest rate

Premier Banking Fixed Term Deposit

We understand the importance of your short, medium and long term planning and our range of Fixed Term Deposits are geared to make the most of your prosperity and wealth.

You can choose from a 6 month, 9 month or 12 month term to suit your needs and with a fixed term of interest you can know in advance what your savings will earn.

In Detail: Fixed Term savings

What is the interest rate?

6 months

Balance Annual Equivalent Rate (AER) Gross p.a. (fixed)
£5,000 - £99,999 0.71% 0.71%
£100,000 - £249,999 0.76% 0.76%
£250,000 - £499,999 0.86% 0.86%
£500,000 - £999,999 0.96% 0.96%

9 months

Balance Annual Equivalent Rate (AER) Gross p.a. (fixed)
£5,000 - £99,999 0.80% 0.80%
£100,000 - £249,999 0.90% 0.90%
£250,000 - £499,999 1.00% 1.00%
£500,000 - £999,999 1.10% 1.10%

12 months

Balance Annual Equivalent Rate (AER) Gross p.a. (fixed)
£5,000 - £99,999 0.94% 0.94%
£100,000 - £249,999 0.99% 0.99%
£250,000 - £499,999 1.09% 1.09%
£500,000 - £999,999 1.19% 1.19%

 

  • The above interest rates are an indication only, please call us or visit your local branch for the latest rates.
  • Interest rates may vary depending on deposit term and amount.
  • Rates for Deposits above £1 million are available on request.
  • Interest is calculated daily and paid at maturity.
  • We also offer Fixed Term Deposits in a variety of major currencies. Please call us or visit your local branch for details. Please note that interest rates for our Currency Fixed Term Deposits change daily, so will be provided on an indicative basis.
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 Fixed Term Deposit Start Date and the Fixed Term Deposit Maturity Date.

How much interest could I earn?

6 months fixed example

Amount fixed at
start date
Balance at
maturity date
Interest earned
£5,000 £5,017.75 £17.75
£100,000 £100,380.00 £380.00
£250,000 £251,075.00 £1,075.00
£500,000 £502,400.00 £2,400.00

 

12 months fixed example

Amount fixed at
start date
Balance at
maturity date
Interest earned
£5,000 £5,047.00 £47.00
£100,000 £100,990.00 £990.00
£250,000 £252,725.00 £2,725.00
£500,000 £505,950.00 £5,950.00


These examples do not take into account your individual circumstances. The examples assume that interest is paid into your Cash Management account.

Eligibility

You must be aged 16 years or over

You must already hold a Cash Management account or we will open one during your application for a Fixed term account

The minimum deposit is £5,000 or the currency equivalent (where a currency option is available)

How do I open and manage my account?

Accounts can be opened in branch or by phone.

You can not add money to or withdraw money from the Fixed Term Savings after the Start Date

A deposit certificate will be sent to you within 14 working days confirming the details of your deposit.

You will need to open a Cash Management account for the payment of interest and to manage your Fixed Term Deposit.

On the Maturity Date, your deposit and any interest earned will be paid into your Cash Management account.

After the Maturity Date, if you no longer need the Cash Management account linked to your Fixed Term Deposit, please advise us in writing to close the account.

Is there a cost or account fee?

There is no monthly account fee for Fixed Term Savings or Cash Management accounts.

Can I withdraw or transfer money?

No. Early withdrawals or early closure before the Maturity Date of a Fixed Term Deposit are not permitted, except at the Bank's sole discretion.

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).

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

Maturity Date
Is the date on which your Deposit matures.

Important information

We want to make sure that you have all the information you need before you open an account, please take some time to read or download and save these documents.

Premier Banking We're here to help...
Call us to apply
Premier Banking team Get in touch

To speak to a member of the Premier Banking team please call:


Jersey: 01534 282961
Guernsey: 01481 703870
Isle of Man: 01624 697741
Gibraltar: 00350 200 52761

Lines are open Monday to Friday 9am-5pm except bank holidays. If outside of these hours, please leave a message and we will call you back as soon as possible.

Not a Premier Banking customer?
You can find out more about becoming a Premier Banking customer on the Our Service page.

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