Online Banking
We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device. You can find out more and set your own preferences here.
Breadcrumb trail - You are here:
e-Savings
Online only instant access savings account offering a rewarding rate of
1.00% AER/Gross p.a. (variable)
- No minimum balance
- No penalties and no withdrawal charges
- Easy to manage with our Online Banking service and Mobile Banking app.
- Monthly interest paid directly into your account
Opening an e-Savings account
Important information - please read before you apply
- You need to be aged 16 or over and permanently resident in the UK to open an account.
- Important information if you're considering opening an account in Scotland.
In order to prevent and detect fraud, the information provided in this application will be shared with fraud prevention agencies. If false or inaccurate information is provided and fraud is identified or suspected details will be recorded with these agencies to prevent fraud and money laundering.
It is important that you read the following documents carefully before you open your account. Please save or print a copy of each document for future reference:
Interest rates
| Balance | % AER (variable) | % Gross p.a. (variable) | % Net Rate p.a. |
|---|---|---|---|
| £1+ | 1.00% | 1.00% | 0.80% |
Interest paid monthly.
Interest rates are subject to variation. Rates shown are correct as at 31st October 2012.
Previous savings interest rates
Common definitions
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 income tax.
Net Rate. This means the interest rate you are paid after the deduction of income tax.
Link this account to the ‘Your Savings Goals’ tool
Saving for a Rainy day or Holiday? Why not let us help you with our 4* 'Your Savings Goals' tool?
All e-Savings accounts can link into the ‘Your Savings Goals’ tool.
The tool allows you to set your savings goals and track your progress.
Once your e-Savings account is opened, log-in to Online Banking and simply...
- Provide the details of the goal you are saving towards
- The tool calculates your ideal savings plan and
- You can track your progress each time you log-in to Online Banking
You can only have one savings goal for each savings account. But there is no limit on the number of e-Savings accounts you can open.
Our 'Your Savings Goals' tool has been upgraded to a 4* by Fairbanking for 2012/13
Financial Services Compensation Scheme
Your eligible deposits with National Westminster Bank Plc 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 not covered.
Further information is available (PDF 3MB) or visit www.fscs.org.uk
Visit the world of NatWest
Visit...