Savings - previous rates

This page provides the previous interest rates that apply to NatWest savings account. We have a separate page for current 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

Information within this page

Common definitions

Interest rates for savings accounts no longer available to new customers

First Home Saver
Reward Reserve
Advantage Reserve
Advantage Private Reserve
Private Banking Savings Account
30 Day Bonus Reserve
Savings Direct
5 Year Children’s Bond
Community Bond
Fixed Rate ISAs (Issues 78 and 79) (PDF, 97KB)
Diamond Reserve
Cash ISA – TESSA Funds
Telephone Saver PLUS
5 Year Fixed Rate Bond
Special Interest Bearing Account
Cash ISA Plus

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.

E-Savings rates

Excluding bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	1.10%	1.09%	0.87%

Note: Internet based account only
Last updated on: 2 Mar 2009.

Including bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	3.24%	3.19%	2.55%

Note: Internet based account only.
Last updated on: 2 Mar 2009.

E-ISA rates

Interest rates for customers who opened an e-ISA account on or before 14 May 2009

(Interest rates applicable between 14 May 2012 and 5 April 2013)

Balance	AER (variable)	Gross Rate % p.a. (variable)	Net Rate % p.a.
£30,000+	3.01%	2.97%	N/A
£10,000 - £29,999	2.75%	2.72%	N/A
£0 - £9,999	2.75%	2.72%	N/A

Interest paid monthly.
Note: Internet based account only
Last updated on: 5 Apr 2013.

Interest rates for customers who opened an e-ISA account between the 15 May 2009 and 21 February 2013 Inclusive

(Interest rates applicable between 4 September 2009 and 5 April 2013)

Balance	AER (variable)	Gross p.a. (variable)	Net Rate % p.a.
Balance	£30,000+	2.50%	2.47%	N/A
£10,000 - £29,999	2.25%	2.23%	N/A
£0 - £9,999	2.00%	1.98%	N/A

Interest paid monthly
Note: Internet based account only
Last updated on: 5 Apr 2013

Interest rates for customers who opened an e-ISA account on or after 22 February 2013

(Interest rates applicable between 22 February 2013 and 1 March 2013)

Balance	AER (variable)	Gross Rate % p.a. (variable)
Balance	£30,000+	2.50%	2.47%
£10,000 - £29,999	2.25%	2.23%
£0 - £9,999	2.00%	1.98%

Interest paid monthly
Note: Internet based account only
Last updated on: 1 Mar 2013

Including 1% Gross p.a (fixed) bonus for 12 months for customers who opened account between 01 March 2012 and 10 May 2012:
(Interest rates applicable between 1 March 2012 and 5 April 2013)

Balance	AER (variable)	Gross Rate % p.a. (variable)	Net Rate % p.a.
£30,000+	3.32%	3.47%	N/A
£10,000 - £29,999	3.07%	3.23%	N/A
£0 - £9,999	2.82%	2.98%	N/A

Interest paid monthly.
Note: Internet based account only
Last updated on: 5 Apr 2013.

AERs are calculated over a 365 day period. AER including bonus is based on earning the rate excluding bonus for 66 days (maximum period from account opening before bonus will be paid) and then earning the rate including 1% bonus for 299 days.

First Reserve rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	0.20%	0.20%	0.16%

Interest paid quarterly.
Last updated on: 2 Jan 2009.

Offset banking

If you choose to offset your First Reserve balance against your Offset Flexible Mortgage, you won't earn interest on the money in your First Reserve account as that balance is being used to reduce the interest you pay on your mortgage. If your First Reserve balance is higher than your mortgage balance, you will earn interest monthly on the amount over and above your outstanding Offset Flexible Mortgage balance. See our Offset Banking page for more information.

Young Saver rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	0.70%	0.70%	0.56%

Interest paid quarterly.
Last updated on: 1 Apr 2009.

Cash ISA rates

Excluding bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£27,000+	2.00%	1.98%	N/A
£18,000 - £26,999	1.20%	1.19%	N/A
£15,000 - £17,999	0.95%	0.95%	N/A
£9,000 - £14,999	0.75%	0.75%	N/A
£1 - £8,999	0.60%	0.60%	N/A

Last updated on: 1 Apr 2009.

Including 1.76% bonus for 12 months for customers who applied to transfer in funds between 10 November 2008 and 18 December 2008 (Offer now closed)

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£27,000+	3.80%	3.74%	N/A
£18,000 - £26,999	2.99%	2.95%	N/A
£15,000 - £17,999	2.74%	2.71%	N/A
£9,000 - £14,999	2.54%	2.51%	N/A
£1 - £8,999	2.39%	2.36%	N/A

Interest paid monthly.
Interest is paid tax free and is paid monthly to the account.

Last updated on: 1 Apr 2009.

Including 2% bonus for 12 months for customers who applied to transfer in funds between 18 September 2008 and 09 November 2008 (Offer now closed)

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£27,000+	4.05%	3.98%	N/A
£18,000 - £26,999	3.24%	3.19%	N/A
£15,000 - £17,999	2.99%	2.95%	N/A
£9,000 - £14,999	2.78%	2.75%	N/A
£1 - £8,999	2.63%	2.60%	N/A

Last updated on: 1 Apr 2009.

First Home Saver rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£50,000+	1.10%	1.10%	0.88%
£25,000 - £49,999	0.90%	0.90%	0.72%
£10,000 - £24,999	0.80%	0.80%	0.64%
£5,000 - £9,999	0.75%	0.75%	0.60%
£500 - £4,999	0.65%	0.65%	0.52%
£1 - £499	0.30%	0.30%	0.24%

Interest paid annually
Last updated on: 01 Dec 2008

Cashback

Amount	Cashback
Over £50,000	£5000
Up to £50,000	£2500
Up to £25,000	£1000
Up to £10,000	£500
£500 to £5,000	£100

Cashback is paid provided the terms and conditions of the First Home Saver are met. The amount of cashback is based on the lowest savings balance in the 6 months before the mortgage is drawn down. It is exempt from tax as it falls within HM Revenue and Customs Statement of Practice SP4/97.

Reward Reserve rates

Excluding all interest rewards

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£50,000+	0.40%	0.40%	0.32%
£25,000 - £49,999	0.35%	0.35%	0.28%
£2,000 - £24,999	0.30%	0.30%	0.24%
£1 - £1,999	0.10%	0.10%	0.08%

Last updated on: 1 Dec 2008.

Including all interest rewards

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£50,000+	1.05%	1.05%	0.84%
£25,000 - £49,999	1.00%	1.00%	0.80%
£2,000 - £24,999	0.95%	0.95%	0.76%
£1 - £1,999	0.10%	0.10%	0.08%

Interest paid quarterly and annually.
Last updated on: 2 Mar 2009.

Quarterly reward amount - 0.25% (gross per annum)
Annual reward amount - 0.50% (gross per annum)

Advantage Reserve rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£250,000+	1.40%	1.39%	1.11%
£100,000 - £249,999	1.25%	1.24%	0.99%
£50,000 - £99,999	1.15%	1.15%	0.92%
£25,000 - £49,999	1.10%	1.10%	0.88%
£2,000 - £24,999	1.00%	1.00%	0.80%
£1 - £1,999	0.10%	0.10%	0.08%

Interest paid quarterly.
Note: Available to Advantage Gold Account and Black Account customers only.
Last updated on: 2 Mar 2009.

Advantage Private Reserve rates

Excluding bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£250,000+	1.55%	1.54%	1.23%
£100,000 - £249,999	1.25%	1.24%	0.99%
£50,000 - £99,999	1.15%	1.14%	0.91%
£25,000 - £49,999	1.10%	1.09%	0.87%
£10,000 - £24,999	0.99%	0.99%	0.79%
£1 - £9,999	0.10%	0.10%	0.08%

Interest paid monthly.
Note: Available to Black Account customers
Last updated on: 2 Mar 2009.

Including bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£250,000+	1.80%	1.79%	1.43%
£100,000 - £249,999	1.50%	1.49%	1.19%
£50,000 - £99,999	1.40%	1.39%	1.11%
£25,000 - £49,999	1.35%	1.34%	1.07%
£10,000 - £24,999	1.25%	1.24%	0.99%
£1 - £9,999	0.10%	0.10%	0.08%

Interest paid monthly.

A conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.) is payable with your monthly interest, if you do not make any withdrawals and maintain a minimum balance of £10,000 in your account during that month.

Note: Available to Black Account customers
Monthly bonus amount - 0.25% (gross per annum)
Last updated on: 2 Mar 2009.

Private Banking Savings Account rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£250,000+	1.00%	1.00%	0.80%
£100,000 - £249,999	0.85%	0.85%	0.68%
£50,000 - £99,999	0.75%	0.75%	0.60%
£25,000 - £49,999	0.65%	0.65%	0.52%
£5,000 - £24,999	0.45%	0.45%	0.36%
£1 - £4,999	0.20%	0.20%	0.16%

Interest paid quarterly.
Last updated on: 2 Mar 2009.

30 Day Bonus Reserve rates

Excluding bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£2,000+	0.20%	0.20%	0.16%
£1 - £1,999	0.10%	0.10%	0.08%

Interest paid annually.
Note: withdrawals require 30 day notice
Last updated on: 2 Feb 2009.

Including bonus

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£2,000+	0.70%	0.70%	0.56%
£1 - £1,999	0.10%	0.10%	0.08%

Interest paid annually.
Annual bonus amount - 0.50% (gross per annum)
Last updated on: 2 Feb 2009.

Savings Direct rates

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	0.20%	0.20%	0.16%

Interest paid monthly.
Note: Telephony, post and internet based account only
Last updated on: 1 Apr 2009.

5 Year Children's Bond rates

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
Growth	4.80%	4.80%	3.84%

Minimum investment £1000
Last updated on: 27 May 2008.

Community Bond rates

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
3-year Growth*	4.70%	4.70%	3.76%
1-year Growth	4.60%	4.60%	3.68%

* Only available to existing 3 Year Community Bond investors
Minimum investment £500
Last updated on: 8 May 2006.

Diamond Reserve

Account no longer available to new customers

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£250,000+	1.17%	1.16%	0.93%
£100,000 - £249,999	1.01%	1.01%	0.81%
£50,000 - £99,999	0.61%	0.61%	0.49%
£1 - £1,999	0.10%	0.10%	0.08%

Interest paid monthly.
Last updated on: 3 Nov 2008.

Cash ISA - TESSA Funds

Account no longer available to new customers

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	0.10%	0.10%	N/A

Interest paid monthly.
Last updated on: 5 Apr 2013.

Telephone Saver PLUS

Account no longer available to new customers

Excluding bonus

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
£25,000 or over	2.00%	1.98%	1.58%
£1 - £24,999	0.10%	0.10%	0.08%

Last updated on: 12 Jan 2009.

Including 0.78% bonus for 12 months

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
£25,000 or over	2.80%	2.76%	2.21%
£1 - £24,999	0.10%	0.10%	0.08%

Note: Telephony and internet based account only

All rates correct as at 01.04.09 and are subject to variation. Bonus is for customers who open a Telephone Saver PLUS account from 2 February until 15 March 2009 and maintain a balance of at least £25,000. The bonus interest will be applied for 12 months from the day your account is opened. Any balances below £25,000 will not earn the bonus interest. The bonus will be paid monthly along with the standard interest payment. The Gross and AER rates are applicable from the start date of the bonus. Offer available until 15 March 2009.
Last updated on: 2 Feb 2009.

Including 1.22% bonus for 12 months

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
£25,000 or over	3.25%	3.20%	2.56%
£1 - £24,999	0.10%	0.10%	0.08%

Interest paid monthly.
Note: Telephony and internet based account only

All rates correct as at 01.04.09 and are subject to variation. Bonus is for customers who open a Telephone Saver PLUS account between 12 January and 1 February 2009 and maintain a balance of at least £25,000. The bonus interest will be applied for 12 months from the day your account is opened. Any balances below £25,000 will not earn the bonus interest. The bonus will be paid monthly along with the standard interest payment. The Gross and AER rates are applicable from the start date of the bonus.
Last updated on: 12 Jan 2009.

5 Year Fixed Rate Bond

Account no longer available to new customers

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
Annual income/growth	5.00%	5.00%	4.00%
Monthly income	4.90%	4.90%	3.76%

Minimum investment £5000
Last updated on: 17 Aug 2006.

Special Interest Bearing account rates**

Combi Saver ‘Green Edition’ (Issue 3) instant access element** – limited offer account

Fixed term commencing 5 March 2009

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first six months	4.00%	3.94%	3.15%
On balances over the amount invested in the Fixed Term Deposit in the first six months and all deposits after the first six months	1.50%	1.49%	1.19%

This issue is no longer available.
Last updated on: 6 Feb 2009.

Combi Saver 'Green Edition' (Issue 2) instant access element** – limited offer account

Fixed term commencing 22 December 2008

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first year	3.00%	2.97%	2.37%
On balances over the amount invested in the Fixed Term Deposit in the first year and all deposits after the first year	0.50%	0.50%	0.40%

This issue is no longer available.
Last updated on: 6 Feb 2009.

Combi Saver 'Green Edition' instant access element – limited offer account

Fixed term commencing 3 October 2008

Balance	AER	Gross Rate % p.a.	Net Rate % p.a.
On balances up to the same amount invested in the Fixed Term Deposit in the first year	4.00%	3.94%	3.15%
On balances over the amount invested in the Fixed Term Deposit in the first year and all deposits after the first year	0.50%	0.50%	0.40%

This issue is no longer available.
Last updated on: 6 Feb 2009.

Cash ISA Plus rates

Account no longer available to new customers

Balance	AER (variable)	Gross Rate % p.a.	Net Rate % p.a.
£1+	2.70%	2.67%	N/A

Interest paid monthly.
Note: Account no longer available to new customers
Last updated on: 5 Apr 2013.