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Switch & Save offer with Reward

Fancy up to £5 a month? All you need is two or more Direct Debits of at least £2 each and to log into the mobile app monthly.

Earn from 1% in Rewards when you spend with your NatWest debit card at our partner retailers.

Redeem Rewards as money back into your current account, trade them up for eGift cards, or donate them to charity.

Our current accounts can be used for everyday money management too, whether you need to make regular Direct Debits or are spending whilst out and about.

All of these great benefits for £2 a month.

Eligible for our Switch & Save offer, unlock our Limited Edition Saver account. T&Cs apply.

Already have a Reward account? Understand more about managing your account.

To apply, you must be 18+ and a UK resident. You need to also pay in £1,250 to an eligible NatWest account every month. You can only hold a maximum of 1 Reward account in a sole name and 1 Reward account in joint names. Offer can be withdrawn or amended at any time.

Compare our current accounts

	Reward account	Select account
Earn up to £5 a month in Rewards	Yes	No
Earn from 1% in Rewards when you pay with your debit card at one of our retail partners.	Yes	No
Redeem Rewards as money back into your current account, trade them up for eGift cards, or donate them to charity.	Yes	No
Apple Pay, Google Pay and contactless debit card	Yes	Yes
Access to our award winning app	Yes	Yes
Monthly fee	£2	No

Select and Reward accounts are available to new customers. For existing customers there are other accounts available and you can view them on our current account hub.

Other features

Arranged overdrafts

Arranged overdrafts allow you to spend more money than you have in your account to an agreed limit. An overdraft is a form of borrowing and is repayable on demand. It can be useful for short term borrowing.

We'll run a full credit check to determine your overdraft limit. If you don't repay what you borrow, you could harm your credit score and borrowing capability.

How do overdrafts work?

This account offers an overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool.

There are two different types of overdraft:

An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here.
An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.

We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of using a £500 arranged overdraft is:

Time Period	Interest Cost
7 days	£3.24
30 days	£13.87
60 days	£28.13

This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.

Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.

How does our overdraft compare?

A good way to compare the costs of an overdraft is by using the APR, which shows the cost of borrowing over a year.

Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.

More about Overdrafts

Switching to NatWest

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders.

Make the most of our Switch & Save offer

Offer available to new or existing customers who do not hold a NatWest current account or savings account as of 18 November 2025.

Switch your current account held elsewhere into an eligible account using the Current Account Switch Service by 06 January and you could unlock our Limited Edition Saver account which offers fixed bonus rates on balances over £50,000.

Switch to us

Apply for an eligible Select or Reward current account and switch your bank account to us using the Current Account Switch Service by 06 January.
Your switch to us must be completed by 21 January 2026.

Switch is complete: wait to receive the offer email from us

Once your switch to us is complete, we'll send you an email with a link to open a Limited Edition Saver account. This will arrive between 02 December 2025 and 21 January 2026.
You’ll have until 23 January 2026 to apply for a Limited Edition Saver via our mobile app.

You’re all set

Once you've opened your Limited Edition Saver and funded your account, you'll immediately start benefiting from the interest rates.

Specific account eligibility criteria & conditions apply. Monthly account fees may apply. Offer T&Cs and restrictions apply. Offer can be withdrawn at any time due to limited availability. If you previously held a NatWest current account or savings account, you may still qualify, provided you did not hold one as of 18 November 2025. You are not eligible for this offer if you're switching a current account from NatWest Group (Royal Bank or Ulster Bank NI). Joint accounts are not eligible for this offer.

Switch offer T&Cs apply (PDF, 57 KB)

Limited Edition Save information sheet (PDF, 100KB) (PDF, 99 KB)

Current Account Switch Guarantee (PDF, 36 KB)

A Guide to Switching Current Accounts (PDF, 3 MB)

Third Party Permissions

If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.

Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.

Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.

If you are unsure as to whether we will support the Third Party Provider permissions on your account, you can contact us for further information and support.

Please check our account terms and conditions for more information about Third Party Providers.

Switch & Save offer - Limited Edition Saver interest rates and balance examples

Switch & Save with NatWest and benefit from a 12 month fixed bonus on balances between £50,000 and £3,000,000 with full access to your funds anytime.

Interest rates

AER / Gross p.a. (variable)
Interest paid monthly.

4.00% / 3.93% - Balances between £100k - £3m (includes 2.25% / 2.23% (fixed) 12 month bonus).
3.25% / 3.20% - Balances between £50k - £99,999 (includes 1.50% / 1.49% (fixed) 12 month bonus).
1.06% / 1.05% on balances up to £49,999.

	Balance after 12 months	Interest earned
£1,000	£1,010.55	£10.55
£75,000	£77,435.51	£2,435.51
£150,000	£156,002.35	£6,002.35

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to the interest rate; and any interest earned stays in the account.

Important information

Please take some time to review, print and/or save the important information.

Your Current Account Terms (PDF, 267 KB)

Financial Services Compensation Scheme Information Sheet (PDF, 70 KB)

Fee Information Document (PDF, 365 KB)

What You Need To Know (PDF, 370 KB)

MyRewards Terms (PDF, 101 KB)

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.

By continuing you're confirming you've been provided with, and have acknowledged our important documents, including the FSCS information sheet.

Get ready to apply

Before we open your bank account, we'll need to verify your identity. We may ask to see...

a document to confirm your identity (like a passport) and a document as proof of address (like a utility bill).
a selfie that you'll need to take for us on a device with a camera. Don't worry, this is just to help us verify your identity.

We work with our trusted security partner Mitek on this, and will let you know what you need to provide at the end of your application.

Continue

What kind of account do you want?

Are you looking to open an account by yourself, or with another person?

On my own (sole account).

With someone else (joint account).

Continue

Previous question

You're all set

Tell us a bit about yourself and we’ll set up your account.
Our partner Mitek will then check your identity by matching you to your Photo ID. Your Photo ID must be a Passport, UK or EU/EEA Driving Licence or an EU/EEA National ID card. We might also ask for a valid proof of address. You'll need a device with a camera to upload these. If you don't have your ID to hand you can finish this step later.
Once they’ve confirmed your identity we’ll activate your account.

Please note, a partial switch does not qualify for any switch incentives we may offer.

Here's what to do next

The button below takes you to a dedicated page explaining exactly what you need to open your account.

See our joint account webpage

Back to the Current Account Hub

Switch & Save offer with Reward

Reward account

Select account

Earn up to £5 a month in Rewards

Earn from 1% in Rewards when you pay with your debit card at one of our retail partners.