What would the estimated balance be after 12 months based on a range of deposits?
|Initial deposit at
|Balance after 12 months||Interest earned|
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 the interest rates and tiers; and any interest earned stays in the account.
How do I open and manage my account?
You must be aged 16 years or over to open an account.
You can open and manage your account online, in branch or by contacting your Relationship manager.
You can pay money into your account at one of our cash deposit machines.
No minimum deposit is needed to open the account and you do not need to pay money in on a regular basis; and there is no maximum balance limit.
Can I withdraw money?
Yes. You do not need to give notice to withdraw money.
You can withdraw money:
• in branch
• by transfer to any other account based in the UK (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.
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 downwe'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.
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 Rate - This means the interest rate you are paid before the deduction of tax.