Fixed Term Savings Account

Benefit from a fixed interest rate

Know in advance what your savings will earn

Fixed Term Savings Account

If you have between £5,000 and £500,000, and are happy to lock your money away for one or two years, a Fixed Term Savings Account may give you a better rate of interest than an instant access account. The longer the term you choose, the higher the interest will be.

Our Fixed Term Savings Account gives you:

  • Choice – choose a 1 or 2 year term to suit your needs
  • Confidence – a fixed rate means you know in advance what your savings will earn.
  • Flexibility – we know the unexpected can happen so:
    • You have the ability to withdraw funds or even make further deposits until the business day before the Fixed Term Start Date.
    • Interest will be paid directly into your Fixed Term Savings Account each month which could help your savings to grow more quickly. Alternatively, should you want to have interest paid into another NatWest account each month, we can arrange that too.
    • If you do need to get your hands on your money before the Maturity Date you can close your account by simply giving us 35 days’ written notice. An Early Closure Charge may be applicable.
  • Simplicity – We will contact you before the Maturity Date to advise of your options. If you are happy to retain your funds in another Fixed Term Savings Account you do not have to do a thing and we will automatically reinvest it for you. Alternatively, you can opt out of this process at this time. 
Term Balance Interest Payment AER (fixed) Gross p.a. (fixed) Net Maturity  
1 year £5,000 -£49,999 Monthly 0.90% 0.90% 0.72% 21 December 2016 Apply now
 £50,000 -  £500,000 Monthly 1.00% 1.00% 0.80% 21 December 2016
2 year £5,000 - £49,999 Monthly 1.10% 1.09% 0.87% 21 December 2017 Apply now
£50,000 - £500,000 Monthly 1.20% 1.19% 0.95% 21 December 2017

Gross – this means the interest rate you are paid before the deduction of income tax.

Annual Equivalent Rate (AER) – this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Net is the interest you are paid after deduction of income tax.

Important Information

Please read these documents

These useful documents contain everything you need to know about our Fixed Term Savings Account.

Key documents:

Got an existing NatWest Fixed Rate Bond?

Manage your reinvestment and more

From getting started with Online Banking to reinvesting your Fixed Rate Bond, you'll find everything you need to manage your account here.

More on managing your Fixed Rate Bond

Helpful banking

Protecting your money

Protecting your money - FSCS Your eligible deposits with NatWest are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are unlikely to be covered.

Please note that the cover under the FSCS will reduce to £75,000 from 1 January 2016. Please click here for further information or visit www.fscs.org.uk.

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