Young Saver savings account

Why choose a Young Saver account?

Paint your own piggy bank – get a ceramic footballer or ballerina pig, complete with paints, if you set up a Standing Order of at least £10 per month

Chart and stickers – to help teach your children about savings

Tax-free savings - most children can get the interest paid tax-free on a Young Saver account. Just complete an R85 form

Quarterly interest – paid directly into the account

Phone, in-branch and online – easy access to your child’s account

Open in your child's name – you can arrange this for children aged 7-10. You will need to read and approve the application

Hold the account in trust – anyone over 16 can hold this account in trust for a child under 10

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.

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.

Interest paid quarterly.
Last updated on: 24 Jul 2009.

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You can download terms and conditions for NatWest current accounts and savings accounts and information on fees and charges as PDFs.

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.

Online banking is the simple way to manage your child’s Young Saver account. You can check the balance and interest earned, and encourage the savings habit by setting a savings goal.

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.

Not yet signed up to online banking?

It’s easy. If you're aged 16 or over you'll be given the opportunity to sign up when applying for a Young Saver account.

Already have a Young Saver account?

If you’ve already got a Young Saver account, but not online banking, signing up is simple and you could get instant access. If you're aged 16 or over you can sign up now if you already have a Young Saver account.

More about online banking.