Reward Reserve
Earn extra savings rewards
Got £2000 or more to save? Gain rewards if you limit your withdrawals and maintain a minimum balance of £2,000, knowing you can access your money if you really need it.
Why choose a Reward Reserve account?
Quarterly rewards - gain an extra 0.25% gross interest if you make no more than one withdrawal in a quarter and your account balance does not fall below £2,000 for more than 4 days in any quarterly period
Annual rewards - gain an extra 0.25% gross interest if you make no more than three withdrawals over a year and your account balance does not fall below £2,000 for more than 4 days in any annual period
Phone, in-branch and online - manage your savings account your way
Tiered interest rate - the more you save, the more interest you earn
Fast transfers - it's quick and easy to move money between Reward Reserve and your other NatWest accounts
£2000 to open - with no maximum balance
Instant access - withdraw your funds if you need them
Get the savings habit - set up a standing order and watch your savings grow.
Set up and track your own personal savings goals - through Online Banking
This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.
Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.
Current savings rates
Excluding all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 0.30% | 0.30% | 0.24% |
| £25,000 - £49,999 | 0.25% | 0.25% | 0.20% |
| £2,000 - £24,999 | 0.20% | 0.20% | 0.16% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Last updated on: 2 Jan 2009.
Including all interest rewards
| Balance | AER (variable) | Gross Rate | Net Rate |
|---|---|---|---|
| £50,000+ | 0.80% | 0.80% | 0.64% |
| £25,000 - £49,999 | 0.75% | 0.75% | 0.60% |
| £2,000 - £24,999 | 0.70% | 0.70% | 0.56% |
| £1 - £1,999 | 0.10% | 0.10% | 0.08% |
Interest paid quarterly and annually.
Last updated on: 24 Jul 2009.
Quarterly reward amount - 0.25% (gross per annum)
Annual reward amount - 0.25% (gross per annum)
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the interest would be 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.
Important information
You can download terms and conditions for NatWest current accounts and savings accounts and information on fees and charges as PDFs.
We sometimes allow 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, we may apply charges to the account. Please read our leaflet Personal and Private Banking - A Guide to Fees and Interest which contains details of these charges.
NatWest Personal and Private Banking - Terms and Conditions (PDF File 330KB)
NatWest Personal and Private Banking - A Guide to Fees and Interest (PDF File 147KB)
You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.
Online banking: The easy way to manage your savings
Keep an eye on your Reward Reserve quarterly and annual rewards online. With online banking it's easy to keep up to date on how your savings are growing.
Open all hours
Why ruin your lunch hour? With online banking, you can sort your account anytime - at home or at work.
Set a savings goal
A new car, holiday or a deposit on your first home? Whatever you're planning for, it's easy to set a savings goal - and track exactly how you're doing.
Do more, do it faster
Check your latest transactions as soon as you log in. Search through transactions - going back up to seven years. Or simply check your interest rate. With online banking, it's easy.
Transfer money between your accounts
So you need to move money between your NatWest accounts? It's easy. Just use the 'Quick transfer' box - we'll take care of the rest.
Safe and sound
Our security includes fraud detection, Rapport software for your computer and an easy-to-use Card-Reader. So your money stays safe.
Seeing Reward Reserve in online banking
Already bank online?
If you already bank online with NatWest you should automatically see your Reward Reserve account once it has been fully opened.
Not yet signed up to online banking?
It’s easy. You’ll be given the opportunity to sign up when applying for a Reward Reserve account.
Already have a Reward Reserve account?
If you’ve already got a Reward Reserve account, but not online banking, signing up is simple and you could get instant access. Sign up now if you already have a Reward Reserve account.
Apply now
Call us on
0800 255 200
Minicom
0800 917 0526
Lines are open: Mon to Fri 8am-8pm, Sat 9am-6pm
(excl. public holidays).
Calls may be recorded
