With our 5 star award-winning current account you’ll be entitled to a great range of benefits this winter including:
- 5 star travel insurance - even for winter sports
- Mobile phone insurance - even for iPhones
- Car breakdown cover - even on your driveway
- Travel insurance: annual family worldwide cover – save up to £160
Receive UK and worldwide multi-trip travel insurance for you, your spouse or partner and any children aged 18 or under if they are unmarried (or aged 23 or under if in full-time education), permanently residing with the account holder. Receive five star defaqto cover including winter sports. Benefits include up to £10m cover for medical and emergency expenses, plus up to £500 cover for personal money.
Children are only covered when travelling with an adult insured under this Policy. Members and their partners aged 70 years and over must pay an additional annual premium of £50.
- Travel service: save up to 10% – save up to £150
Thomas Cook Travel Service gives you discounts on big name package tours, car hire, flight transfers and more. There are no credit card or booking fees, helping you to save even more.
- Commission free travel money –save up to £20
Get your foreign banknotes and travellers cheques, at preferential rates, delivered to your home (or local branch) free of charge.
- Mobile phone insurance – save up to £144
Covers loss, theft and accidental/malicious damage of handsets up to a maximum retail value of £500 (including VAT). You're also covered for unauthorised calls up to £1500 (including VAT) per claim for monthly contract phones and £100 (including VAT) per claim for pay-as-you-go. Own an iPhone or PDA? It's protected too. You can even protect up to two mobile phones if you have a joint account. Cover commences 21 days after registration.
- Accidental Death Insurance – save up to £18
You can enjoy the reassurance of knowing that if you were to die in an accident, your next of kin will automatically receive £15,000.
- 10% off car insurance – save up to £54
NatWest car insurance is already good value. This extra money discount on your first year's premium helps you save even more.
- Additional 10% discount off 4* Defaqto rated Home Insurance – save up to £45
Save an additional 10% off your first year’s home insurance premium, in addition to any discounts given to non Advantage Gold customers.
- Advantage Gold car breakdown cover - helps a customer every four minutes
See how we can help you this winter
- Car breakdown cover – save up to £69
Relax in the knowledge that Green Flag are there to help if your car breaks down. Can't start your car in the morning or broken down near home? Homecall comes as standard.
- Extended warranty – save up to £59
Add 12 months' cover on top of the manufacturers’ one or two year guarantee on up to six home electrical items. From TVs to fridges, just pay with your NatWest debit or credit card and register within 90 days. We can even extend the warranty with further years at a tailored rate.
- Identity theft protection – save up to £64
Up to £5000 of cover against expenses incurred in defending and restoring your credit status after fraudulent activity, designed to cover the expenses involved in putting things right if you've been the victim of identity fraud.
- 20% discount on family days out – save up to £15
Money off the entrance fees at over 200 UK attractions, from London Zoo to Edinburgh Dungeon.
- Hotel discounts – save up to £62
Enjoy exclusive discounts of up to 60% at over 21,000 hotels in 3,500 locations around the world - from 5* luxury accommodation to budget hotels.
- Personal loans overdrafts and mortgages
Get access to our tailored Advantage Gold rates. These rates don't apply to online loans. All Advantage Gold customers are eligible for great money saving deals on a range of NatWest mortgages saving you money on our standard rates.
- Savings at tailored rates
The Advantage Reserve Savings Account is our high rate, instant access option, offering preferential rates for Advantage Gold customers. The more you save, the more you'll earn.
- Credit Cards
If you have an Advantage Gold current account you are guaranteed a 1% initial discount on our standard credit card rate for at least 12 months. Typical APR 15.9% variable.
- Emergency cash
Lost your card or had it stolen? Call us anytime and we'll give you a code to withdraw up to £300 from your bank account - without a card. Simply visit any of our UK cash machines.
Potential Savings
| Account Benefit | Save up to |
|---|---|
| 5* Defaqto Rated Travel Insurance | £160 |
| Mobile Phone Insurance | £144 |
| Identity Theft Protection | £64 |
| £15,000 Accidental Death Insurance | £18 |
| 10% off Car Insurance | £54 |
| Additional 10% off 4* Defaqto rated Home Insurance | £45 |
| Extended Warranty | £59 |
| Preferential rates and complimentary delivery on commission free travel money | £20 |
| Advantage Gold Travel Service with Thomas Cook | £150 |
| Gold Hotels | £62 |
| 20% off attractions with Privilege Card | £15 |
| Car Breakdown Cover | £69 |
| Total Value | £860 |
| Annual Subscription (A monthly fee of just £12.95) | £156 |
| Save up to | £704 |
Credit Cards
Existing Credit Card customers are not eligible for this offer.
Home, Car & Travel Insurance
Underwritten by UK Insurance Limited. Conditions apply.
Extended Warranty Insurance
Underwritten by Domestic & General Insurance PLC.
Accidental Death Insurance
Underwritten by ACE European Group Limited. Registered in England Number 1112892, Head Office 100 Leadenhall Street, London EC3A 3BP. Authorised and regulated by the Financial services Authority (FSA), registration number FRN202803.
Mobile Phone Insurance
Value example based on Carphone Warehouse 5 Lite Band cover. This cover has been arranged for National Westminster Bank Plc by Lifestyle Services Group Limited, registered in England, #5114385, FRN 315245, with a single provider, London General Insurance Company Limited registered in England, #1865673, FRN 202689. These companies are authorised and regulated by the Financial Services Authority.
Identity Theft Protection
Example based on Sentinel Identity Theft Protection, provided by AIG UK Limited. AIG UK Limited is authorised and regulated by the Financial Services Authority. AIG UK Limited is a member company of American International Group Inc. (AIG). The product is administered on behalf of National Westminster Bank Plc by Affinion International Limited. Affinion International Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Affinion International Limited' FSA registered number is 311584 AIG UK Limited.
Telephone and online banking
System updates may mean that the services are unavailable for short periods in the early hours of the morning.
Savings Examples
Travel Insurance
Saving based on annual multi trip worldwide family NatWest Travel Insurance.
Mobile Phone Insurance
Saving based on Carphone Warehouse Lite Band 5 cover at £2.77 a week as at May 09.
Identity Theft Protection
Saving based on Sentinel Identity Theft Protection worth £64.
Travel Service with Thomas Cook
Saving based on a two week, Thomas Cook holiday for 2 adults to Fuerteventura, departing on 3 April 2010 staying in Hotel Costa Calmaon an all inclusive basis. The basic holiday price, including in-flight meals, extra baggage allowance and airport transfers is £1,506.
Additional 10% off Home Insurance
Saving based on a 49 year old with buildings and contents insurance for a 3 bedroom semi-detached house built 1946 - 1979 in BN21 3JA.
Car Insurance
Saving based on 10% off first year's premium for comprehensive cover on a Toyota RAV 4 (VVT-iGX) for a 30 year old male driver with a licence for over 3 years, 5 years’ No Claims Discount, £250 voluntary excess and mileage of 8,000 living in BN12 3JA.
Extended Warranty
Saving based on a LCD television costing £400 - £499 with a 12 months’ warranty in addition to manufacturer’s 12 or 24 months cover.
Travel Money
Saving based on preferential exchange rates, 0% commission and complimentary home delivery for: 2 short breaks with £300 currency (worth £10+3); and one holiday with £800 of currency and £300 of commission free travellers’ cheques (worth £7).
Accidental Death Insurance
Saving based on Accidental Death Insurance up to £15,000. Save £18 based on Aviva’s £1.99 per month, providing £20,000 worth of cover.
Attractions/Days Out Privilege Card
Saving based on 2 Adults receiving a 20% discount when visiting 2 attractions a year where the standard ticket price is £19.95 (e.g. London Dungeon).
Car Breakdown Cover
Saving based on Level 2 Green Flag cover for a 34 year old male, living in Leeds, driving a 2002 Renault with Level 2 Cover.
Gold Hotels
Savings based on a twin/double room for 2 nights at the 4* hotel, Ramada Docklands staying between the 22 July 2009 to 24 July 2009 at £115.66. The same hotel with expedia.co.uk at £178.
The examples shown are for illustration purposes only and are not based on actual NatWest customers.
This page provides a summary of the rates and charges that apply to NatWest current accounts.
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.
We also have a separate page providing an update on unarranged overdraft charges.
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
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.
Effective Annual Rate of Interest (EAR). This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate. This means the interest rate you are paid before the deduction of income tax.
Net Rate. This means the interest rate you are paid after the deduction of income tax.
Nominal Rate. The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
p.a. per annum (per year).
Subscription fees
Monthly subscription fees are payable on the following accounts. Membership includes access to all the benefits listed in the appropriate brochures and user guides.
| Type of current account | Subscription fee |
|---|---|
| Advantage Gold | £12.95 per month. Payable from your Advantage Gold account. |
Application of subscription fees
The subscription fee for each monthly charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The fee will appear on your statement as ‘CHG’. The charging period normally ends on the date that we issue your statement to you.
Interest we pay you
The annual rates of interest paid on credit balances:
| Type of current account | Amount | Gross Rate % | Net Rate % | AER% |
|---|---|---|---|---|
| Advantage Gold | Any amount | 0.25 | 0.20 | 0.25 |
Calculation and application of interest.
Interest is calculated on a daily basis and paid into your account once a month, usually the day after we issue your statement. The exception to this is our Cash Account, where interest is paid within the first eight days of each month.
Interest due on overdrawn balances
1. Arranged overdrafts
If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest.
If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance – even the part of the balance which is within any interest free threshold that applies to your account. However, we will not charge interest on any part of the overdrawn balance which represents fees, charges or costs of the kind described in section 6 of our leaflet: Personal and Private Banking - A Guide to Fees and Interest (PDF File 114KB) under the heading Sums which do not bear interest.
If you have arranged an overdraft facility with us in advance under which you pay interest at a rate other than the rates shown in the tables below, the interest free thresholds shown below will not apply to your account.
Interest free thresholds
| Type of account | Interest free threshold |
|---|---|
| Advantage Gold | £100 |
Current rates
The following rates are effective from 28 April 2008
| Type of account | Nominal monthly rate% | Nominal annual rate % | EAR % variable |
|---|---|---|---|
| Advantage Gold Credit Zone Overdrafts | |||
| All amounts | 1.42 | 17.09 | 18.49 |
| 18.49% EAR Typical (variable) | |||
We'll arrange a Credit Zone Overdraft, depending on your circumstances.
Your overdraft may be subject to an arrangement fee. Our unarranged borrowing rate and fees will apply if you borrow over your arranged limit. Please see the 'Charges' section below for details.
Previous rates
The following rates were effective from 02 January 2007
| Type of account | Previous nominal monthly rate% | Previous nominal annual rate % | Previous EAR % variable |
|---|---|---|---|
| Current Account, Current Plus and Private Bank Account Credit Zone Overdrafts | |||
| Below £1,000 | 1.43 | 17.17 | 18.59 |
| £1,000 - £4,999 | 1.40 | 16.83 | 18.19 |
| £5,000+ | 1.29 | 15.42 | 16.56 |
| 18.59% EAR Typical (variable) Rates from 18.19% to 18.59% EAR | |||
2. Unarranged overdrafts
Any amount overdrawn without an arranged overdraft or in excess of an arranged overdraft limit will be charged at the following rates:
The following rates are effective from 01 October 2009
| Type of current account | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| Advantage Gold | 1.42 | 17.09 | 18.49 |
Previous Rates
The following previous rates were effective from 06 September 2004
| Type of current account | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| Advantage Gold | 2.19 | 26.28 | 29.69 |
However, we will not charge interest on any part of the overdrawn balance which represents fees, charges or costs of the kind described in section 6 of our leaflet: Personal and Private Banking - A Guide to Fees and Interest (PDF File 114KB) under the heading Sums which do not bear interest.
Interest at the appropriate rate is charged in addition to the Maintenance Charge. The Paid Referral Fee and / or Guaranteed Card Payment Fee may also be payable if the unarranged overdraft arises from an informal request by you for an overdraft. Please see the 'Charges' sections below for details.
Interest on arranged and unarranged overdrafts is calculated on a daily basis and charged monthly. The interest we charge in each charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. If we are going to debit interest from your account, we will give you not less than 14 days’ notice of how much we are going to debit and when.
Charges – Arranged Overdrafts, Unarranged Overdrafts, Unpaid Items and Enforcement Charges
The charges shown in this section do not normally apply to the other accounts we offer to Personal and Private Banking customers. However, we sometimes allow other accounts (including savings accounts) to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, the charges listed below in the sub-section "Unarranged overdrafts and unpaid items – charges" will apply.
Arranged overdrafts – arrangement and renewal fees
| Fee payable | |
|---|---|
| Current Account, Current Plus, Private Bank Account and Advantage Gold | |
| Credit Zone Overdrafts up to and including £7,500, where interest is charged at the standard Credit Zone Overdraft rate | No fee |
| Credit Zone Overdrafts over £7,500 or Credit Zone Overdrafts where an interest rate other than the standard Credit Zone Overdraft rate is payable | 2% of the new limit (minimum £30) |
| Temporary or increased facilities for all customers | |
| If you wish to increase an existing facility at any time contact your Relationship Manager or your branch. Any fees payable will be advised to you at that time. | |
Unarranged overdrafts and unpaid items – charges
If we are going to debit any of the fees and charges set out in the table below from your account, we will give you not less than 14 days’ notice of how much we are going to debit and when.
| Fee type | When charged on current accounts* | Fee amount |
|---|---|---|
| Maintenance charge | ||
| If your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded, you will be liable for a monthly Maintenance Charge. The Maintenance Charge will be applied if you have an unarranged overdraft at any time during a monthly charging period. | 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £20 |
| Paid Referral Fee | ||
A Paid Referral Fee will be payable if:
| 21 days after the end of the charging period in which the transaction was paid or taken from your account (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each day on which a Paid Referral occurs (subject to a maximum of £90 in any charging period). |
| Guaranteed Card Payment Fee | ||
A Guaranteed Card Payment Fee will be payable if:
| 21 days after the end of the charging period in which the transaction was paid or taken from your account (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each transaction (subject to a maximum of £90 in any charging period). |
| Unpaid Item Fee | ||
An Unpaid Item Fee will be payable if:
| 21 days after the end of the charging period in which we decide not to make the payment (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £5 for each item (subject to a maximum of £50 in any charging period). |
| Making an informal request for an overdraft means you will have to pay a Paid Referral Fee, a Guaranteed Card Payment Fee or an Unpaid Item Fee. If an unarranged overdraft arises, you will also have to pay the Maintenance Charge and interest on the amount overdrawn (except so far as it represents fees, charges or costs of the kind described in Section 6 of our leaflet: Personal and Private Banking - A Guide to Fees and Interest (PDF File 114KB) under the heading Sums which do not bear interest). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Unpaid Items in our leaflet Our Commitment to You (PDF File 350KB). | ||
| * Savings account customers who have to pay any of the fees detailed in the table above should refer to the table in section 7 of our leaflet Personal and Private Banking - A Guide to Fees and Interest (PDF File 114KB) under the heading ‘Charging and application times for fees incurred on savings accounts’ for details of charging periods and the dates when fees will be deducted. | ||
| Enforcement | ||
| A Default Notice Fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply. | Within four days of the Default Notice being served. | £30 per notice |
Monthly Management Fee Option
If you regularly pay unarranged overdraft or unpaid item charges, we may agree with you that our Monthly Management Fee Option will apply to your account. Under this option:
- you pay a monthly management fee of £10;
- any Maintenance Charge, Unpaid Item Fee, Paid Referral Fee or Guaranteed Card Payment Fee which you have to pay will be reduced to £5;
- the Paid Referral Fee will be subject to a maximum of £30 in any charging period, the Unpaid Item Fee will be subject to a maximum of £50 in any charging period, and the Guaranteed Card Payment Fee will be subject to a maximum of £30 in any charging period.
Additional services
| Stopping payment instructions | |
|---|---|
| Stopping a cheque (unless it has been lost or stolen) | £10 |
| Payments | |
|---|---|
| Obtaining a banker's draft | £12 |
| Obtain a special cheque clearance | £15 |
| CHAPS payments | £23 - between banks £21 - between our branches |
| Obtaining copies of statements | £5 per request |
| Arrangement fee for Advantage Private FlexiLoans | Any fees payable will be advised to you at the time |
| FlexiLoan arrangement fee | 2% of amount borrowed (minimum fee £100 |
| Emergency Cash Service | Any fees payable will be advised at the time |
| Safe Custody | |
|---|---|
| Annual Holding Charges (payable annually in arrears) | |
|
|
| Initial and subsequent re-deposit(s) | £10 |
Annual Holding Charges are applied in arrears so any withdrawal made prior to the anniversary of the deposit will incur a pro-rated amount of the annual charge. In addition, a £10 fee will be charged for initial deposits and any re-deposits following item inspection or temporary release. The charges set out above are inclusive of VAT.
If the service you are looking for is not shown in the table above, please ask at any branch or call the number on your statement summary sheet.
Important information
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
The subscription for Advantage Gold is £12.95 a month. Advantage Gold is a packaged service of which the core element is a current account without which the remainder of Advantage Gold benefits are unavailable. Over 18s only. Calls may be recorded. Information correct as at March 2008.
The examples are for illustration purposes only and are not based on actual NatWest customers.
The savings shown are representative of those that can be achieved by holding a NatWest Advantage Gold account in comparison to a NatWest Current Plus account.
Full details of all benefits and how to access them will be available in your Advantage Gold handbook. For further details on our insurance products, please refer to your insurance policy summaries.
Important Information - Advantage Guarantee
If you open your Advantage Account on or after 7 May 2009, you will be eligible to benefit from our Advantage Guarantee.
If you use any of the Advantage Account benefits within 60 days of your account being opened and are not satisfied within that 60 day period, we will refund all subscription fees you have paid for your Advantage Account in the first 60 days of account opening.
We reserve the right to change or withdraw the Advantage Guarantee at any time without giving you prior notice.
To claim a refund please call our freephone helpline 0800 408 0337 (minicom 0870 600 0856).
Lines are open 8am to 8pm Monday to Friday and 9am to 5pm Saturdays. Max call charge from a BT landline is 8p plus up to 6p per minute. Calls from other networks may vary. Calls may be recorded.
Mortgages
Provided by National Westminster Home Loans Ltd. Special rates are not available on Buy-to-let Mortgages or for extra borrowing.
Personal Loans
Rates are dependent on your circumstances and loan amount. Different discounts may apply during special promotions.
Travel Insurance
All customers over 70 must contact the Advantage Gold Travel Insurance screening service. On this line, we will ask for additional information in relation to pre-existing medical conditions. An annual premium of £50 will be charged per account. More details are available in your insurance policy summaries.
Advantage Gold Travel Service is operated by Thomas Cook
10% guaranteed discount across all Thomas Cook Tour Operations product (Thomas Cook, Sunset, Thomas Cook Signature, Style, Club 18-30, Neilson, Flexible Trips, Airtours, Cresta, Bridge, Panorama and Manos) and Virgin Holidays.
A 7% discount applies to all holidays with all other tour operators (excluding Thomson and First Choice where a 5% discount applies).
Discount must be applied at the time of booking. Thomas Cook booking conditions apply.
All discounts apply in addition to any discount given to Thomas Cook by the tour operator, but not to any price you may obtain directly from a tour operator.
Discount does not apply to Thomas Cook Tours Palmair Holidays, SAGA Cruises, travel insurance, ski packs, fuel supplements or airport passenger duty.
These discounts only apply to holidays booked via the Advantage Gold Travel Service with Thomas Cook and not via any other part of Thomas Cook (e.g. Thomas Cook shops or www.thomascook.com).
All credit card charges will be waived.
Holidays and other offers are subject to availability and tour operator booking conditions. Offers can be withdrawn or amended without notice. The latest version of these are available at any time on request from the Advantage Gold Travel Service with Thomas Cook. NatWest reserves the right to vary or amend these conditions at any time. Thomas Cook customers and Booking Terms and Conditions and all relevant suppliers, including but not limited to airlines, tour operators, hotels, car rental companies, ferry operators, other providers of accommodation, leisure attractions and other third party' offering, organising or carrying out any travel arrangements or other offers (‘Suppliers') will also apply to the booking. All offers are subject to availability and in certain circumstances additional conditions may apply, where possible these will appear in the offer details. You are advised to enquire about any conditions that might apply prior to or at the time of booking. Some offers are subject to minimum and maximum stay restrictions. Travel arrangements and other offers in connection with this programme are only available to NatWest Advantage Gold customers. Except as may be expressly set out in booking conditions, all tickets and other arrangements and bookings are non-refundable and non-transferable. If you change or cancel your reservations or travel arrangements at any time after we have accepted your booking, then your tour operator, other supplier, or failing that, the booking agent will impose alteration or cancellation charges.
The Advantage Gold Travel Service is operated by Thomas Cook Retail Ltd, ABTA 29653, acting as agent to ATOL protected tour operators.
Please also read our website terms and conditions which cover your use of this website.
Apply now
Apply at
0800 200 400
Minicom
0800 917 0526
Lines are open: Mon to Fri 8am-8pm, Sat 9am-6pm
(excl. public holidays).
Calls may be recorded