Instant Saver

Our free instant access savings account

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We are the first Retail bank to be awarded the 5 star accreditation by Fairbanking.

Instant Saver

Reach your savings goal with our free instant access savings account

Our Instant Saver lets you:

  • Instant access to your savings - there are no withdrawal penalties, so you can take money out whenever you want
  • Watch your savings grow - interest is calculated daily and paid monthly into your account
  • Manage your account your way! - online, in branch or by phone
  • Online savings account tools - to assist you in budgeting so you can save and set and reach savings goals
AER (variable)

Gross Rate
p.a. (variable)

Net Rate
£50,000 + 0.75% 0.75% 0.60%
£1 - £49,999 0.50% 0.50% 0.40%

Rates shown are correct as at 2 January 2015

What you should know

  • The interest rate is variable, so it can go up as well as down
  • The account is for customers aged 16 and over
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.

Gross Rate. This means the interest rate you are paid before the deduction of basic rate income tax.

Net Rate. This means the interest rate you are paid after the deduction of basic rate income tax.


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Instant Saver

What do I do if I am a non tax payer in the UK?

Interest is normally paid after the deduction of 20% tax. If you live in the UK and your total income is less than £15,600 you may be eligible to receive your interest tax free if you complete an R85 declaration. For further information go to www.gov.uk/apply-tax-free-interest-on-savings

If you are a non taxpayer in the UK an R85 from is the form that would need to be completed for you to not have tax deducted. You can download one here or get one from your local branch.

Your Savings Goals

It's easy to track how your savings are doing against your goal

Whether you are saving for a holiday or a rainy day our online Savings Goal Tool can help you set up a goal, track it and achieve it.

You will have to be registered for Online Banking to use your Savings Goals and only one goal can be set up per savings account. 

Find out more about our Savings Goal Tool

Important information

Please read before you apply

These handy documents contain everything you need to know about our Instant Saver.


Got an existing NatWest instant access savings account?

Manage your savings account online

From finding out more about the recent changes to our savings account range or to find out how our budgeting tool could help you start saving for the future. You’ll find everything you’ll need to manage your account here

Manage your savings account online

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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