Online instant access account
Manage your funds online and by phone
For a limited period, we'll pay an extra 1.15% interest for 12 months when you open your first Direct Reserve Account.
Direct Reserve makes it easy to make the most of your surplus funds. You can manage your account online and on the telephone – 24 hours a day.
- Banded interest – the more you save, the more you earn
- Bonus interest – you can earn an extra 1.15% gross on the first £1 million for 12 months
- Interest - both standard and bonus interest is calculated daily and paid monthly
- No maximum balance – and no minimum either
- Convenient – manage your account online or using telephone banking, available 24 hours a day
- Instant access – transfer your funds to and from your other NatWest accounts instantly
- Availability - new and existing customers can apply. Only one bonus per customer
This account is only available to customers whose group turnover (in the 12 months before the account is opened) is less than £25 million.
Customers (other than Trusts), whose bank mandates require more than one signatory to operate the account are eligible, providing that we are permitted to accept instructions for online and telephone banking from a single authorised party.
Trusts operated by more than a single signatory are not eligible. If your company is a Trust, please speak to your relationship manager or contact us.
If you are not a Bankline user, we will register you for online and telephone banking to have this account.
Bonus rate
- The bonus applies to the first £1 million of the account balance for 12 months.
- Standard and bonus interest is paid monthly.
- The bonus starts on the last working day of the month after your account was opened, and is paid for 12 months. For example, if your account was opened in April 2009, your bonus rate will start on 29 May 2009 and end on 28 May 2010.
- The bonus can only be paid on one account for each customer.
- The offer may be withdrawn at any time.
Rates with effect from 06 April 2009
| Balances | Rates excluding bonus | Rates including bonus | ||
|---|---|---|---|---|
| Gross Rate% | AER% | Gross Rate% | AER% | |
| £250,000 + | 0.25 | 0.25 | 1.40 | 1.41 |
| £100,000 - £249,999 | 0.15 | 0.15 | 1.30 | 1.31 |
| £25,000 - £99,999 | 0.10 | 0.10 | 1.30 | 1.31 |
| £10,000 - £24,999 | 0.10 | 0.10 | 1.25 | 1.26 |
| £10,000 - £24,999 | 0.10 | 0.10 | 1.25 | 1.26 |
| £0 - £1,999 | 0.10 | 0.10 | 1.25 | 1.26 |
The bonus rate is fixed, however the standard rate of interest is variable.
After the bonus period, your interest rate will return to the standard rate.
Gross is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Rates are correct as at date of publication but subject to change at any time.
The interest paid will reflect UK law and the regulations governing deduction of income tax from interest earned.