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First Saver

Start saving for their future with our child savings account

First Saver accounts are available to children aged 16 years and under (or up to 18 years if the account is held in trust) who are resident in the Channel Islands, Isle of Man or Gibraltar. Please read the Summary Box below before you apply, this will give you key information about First Saver.

Why choose a First Saver account?

  • Instant access savings account for children
  • Help children learn how to manage their money
  • Free Pigby piggy bank with every account
  • Top up your savings with Rounds Ups

In detail: First Saver

What is the interest rate?

Interest is calculated daily and paid quarterly on the first business day in January, April, July and October and at account closure. You’ll be able to see and access the interest in your account on the following day. The interest rate is variable, so it could go up or down.

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?

This is only an example and does not take into account your individual circumstances. It assumes that no further deposits or withdrawals are made; there is no change to interest rate; and any interest earned stays in the account.

How do I open and manage the account?

  • All parties must be resident in Jersey, Guernsey, Isle of Man or Gibraltar to apply.
  • If you’re aged between 7-16 years, you can open an account in your own name with the consent of your parent or guardian.
  • If you’re aged 18 years or over, you can open an account in trust for a child aged up to 18 years.
  • If you’re resident in Gibraltar, you must already be an existing NatWest International customer to open the account.
  • The account can be opened and managed online, in branch or by telephone banking.

Can I withdraw or transfer money?

Yes, this is an instant access savings account meaning that you can withdraw or transfer the money at any time.

Account held in trust: you can withdraw money in branch, or transfer to any other account based in the UK, Channel Islands, Isle of Man or Gibraltar (online, via telephone or on the mobile app).

Account held by child: children under the age of 11 can only make withdrawals in branch.

Once they turn 11 years of age they may register for our telephone and online banking services.

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 by calling telephone banking or asking in branch.

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 First Saver if you are:

  • aged 18+ if you're opening the account for a child under 16, or aged 7 to 16 with parent/guardian consent if you're opening the account for yourself, 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)

Please review important information about the account

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 email you 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, we need to run through some quick questions with you. They'll only take a few minutes.

Where are you based?
Please tell us where you currently reside.
Do you already bank with us?
Please tell us if you already hold a NatWest International bank account.
Do you use Online Banking?
If so, we'll pre-fill your application to save you time.

Great, you're ready to go!

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

If the account is to be held in the child’s sole name simply click on the “Start your application” below and your application pack will be posted to you.

Please bring the completed pack along with your child’s documentation to your nearest branch and the account will be opened within 5 working days.

If the account is to have the parent named in trust, your application can be completed online by clicking 'Start your application' below.The full name you put on this form must exactly match the one on the photo ID you'll use to apply.

After you’ve finished your online application you’ll receive an email or secure inbox message within 2 working days asking you to:

1. Complete our Customer Acceptance form, and;

2. Upload your identity documents digitally.

Once we have everything, we’ll open your account and send your new account details to you within 5 working days.

Great, you're ready to go!

If the account is to be held in the child’s sole name simply click on the “Start your application” below and your application pack will be posted to you.

Please bring the completed pack along with your child’s documentation to your nearest branch and the account will be opened within 5 working days.

If the account is to have the parent named in trust, your application can be completed online by clicking 'Start your application' below.The full name you put on this form must exactly match the one on the photo ID you'll use to apply.

After you’ve finished your online application you’ll receive an email or secure inbox message within 2 working days asking you to:

1. Complete our Customer Acceptance form, and;

2. Upload your identity documents digitally.

Once we have everything, we’ll open your account and send your new account details to you within 5 working days.

Great, you're ready to go!

If the account is to be held in the child’s sole name simply click on the “Start your application” below and your application pack will be posted to you.

Please bring the completed pack along with your child’s documentation to your nearest branch and the account will be opened within 5 working days.

If the account is to have the parent named in trust, your application can be completed online by clicking 'Start your application' below.The full name you put on this form must exactly match the one on the photo ID you'll use to apply.

After you’ve finished your online application you’ll receive an email or secure inbox message within 2 working days asking you to:

1. Complete our Customer Acceptance form, and;

2. Upload your identity documents digitally.

Once we have everything, we’ll open your account and send your new account details to you within 5 working days.

Start your application now

Do you already bank with us?
Please tell us if you already hold a NatWest International bank account.
Do you use Online Banking?
If so, we'll pre-fill your application to save you time.

Great, you're ready to go!

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

The first step in your application will be completed online. If approved, we’ll send you an application pack in the post within 7 -10 working days.

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

  • address & identity
  • income

Once we have everything, we’ll open your account and send your new account details to you.

Great, you're ready to go!

Your application will be completed online. Once approved, we’ll send you an application pack in the post within 18-21 working days.

Make sure the full name you put on this form exactly matches the one on the photo ID you’ll use to apply.

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

  • address & identity. 
  • income

Once we have everything, we’ll open your account and send your new account details to you.

Great, you're ready to go!

Your application will be completed online. Once approved, we’ll send you an application pack in the post within 7 -10 working days.

Make sure the full name you put on this form exactly matches the one on the photo ID you’ll use to apply.”

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

  • address & identity
  • income

Once we have everything, we’ll open your account and send your new account details to you.

Do you already bank with us?
Please tell us if you already hold a NatWest International bank account.
Do you use Online Banking?
If so, we'll pre-fill your application to save you time.

Start your application now

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

The first step in your application will be completed online. If approved, we’ll send you an application pack in the post within 18-21  working days.

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

  • address & identity
  • income

Once we have everything, we’ll open your account and send your new account details to you.

Great, you're ready to go!

Your application will be completed online. Once approved, we’ll send you an application pack in the post within 18-21 working days.

Make sure the full name you put on this form exactly matches the one on the photo ID you’ll use to apply.

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

  • address & identity.
  • income

Once we have everything, we’ll open your account and send your new account details to you.

Applying for an account with us

We’re sorry – at this time we’re currently not opening accounts for new customers located in Gibraltar. 

Applying for a First Saver account

This account is currently only available to applicants located in Jersey, Guernsey, Isle of Man or Gibraltar.