18 Month Fixed Rate Bond

Looking to save at least £5,000 – keeping it untouched for the next 18 months? Our 18 Month Fixed Rate Bond could be the perfect answer.

The Bond starts on 14 December 2009, but it is only available on a first come, first served basis. So we may have to withdraw it sooner.

Gross is the interest paid before the deduction of tax.

Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.

Annual interest is paid on the last business day in April and on the last day within the term of the Bond. It is paid into a NatWest current account or NatWest instant access savings account of your choice.

£5,000 minimum investment

£2,000,000 maximum investment

Initial rate – Any deposits made before 14 December 2009 (i.e. before the start date of the Bond) will attract a rate of 0.25% below Bank of England Base Rate p.a. until 14 December 2009.

Open more than one Bond – giving you the flexibility you may be looking for

Maturity date - 14 June 2011

Withdrawal penalty – no partial withdrawals are allowed. An early closure of the Bond will incur an early redemption fee equivalent to 75 days Gross interest.

NatWest account - you will need to have a NatWest current account or certain instant access savings account. The only savings accounts you can’t use are our e-Savings and Cash ISA.

Minimum investment £5000
Maximum investment £2,000,000
Last updated on: 2 Nov 2009.

Gross is the interest paid before the deduction of tax.

Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.

Net is the interest rate paid after the deduction of tax.

Annual interest is paid on the last business day in April and on the last day within the term of the Bond. It is paid into a NatWest current account or NatWest instant access savings account of your choice.

Tax
Interest earned on balances of less than £50,000 will be paid subject to your tax status.

Interest earned on balances of £50,000 or more will be paid without deduction of tax. You will be responsible for declaring the income to HM Revenue & Customs.

View summary box information

Maturity date - 14 June 2011

Withdrawal penalty – no partial withdrawals are allowed. An early closure of the Bond will incur an early redemption fee equivalent to 75 days Gross interest.

NatWest account - you will need to have a NatWest current account or certain instant access saving accounts. The only savings accounts you can’t use are our e-Savings and Cash ISA.

New customers will be asked to provide proof of identity including verification of address.

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 302KB)

NatWest Personal and Private Banking - A Guide to Fees and Interest (PDF File 147KB)

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