Savings Direct

Why choose a Savings Direct account?

Flat rate – the interest rate stays the same, no matter how much you save

Phone, post and online – manage your savings account your way

No penalties – we don't charge you for withdrawing your money

Start saving with £1 - and there's no minimum balance

Monthly interest – paid directly into your account

Fast transfers – it's quick and easy to move money between Savings Direct and your other NatWest accounts

Get the savings habit – we can set up a regular transfer from another NatWest account

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.

Interest paid monthly.
Note: Telephony, post and internet based account only
Last updated on: 24 Jul 2009.

View summary box information

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.

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 225KB)

You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.

Savings Direct makes it easy to save. Online banking puts you in complete control. It lets you transfer money from your other NatWest accounts to your Savings Direct account, instantly.

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.

Savings goals show me more.

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.

Already bank online?

If you already bank online with NatWest you should automatically see your Savings Direct 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 Savings Direct account.

Already have a Savings Direct account?

If you’ve already got a Savings Direct account, but not online banking, signing up is simple and you could get instant access. Sign up now if you already have a Savings Direct account.

More about online banking.