Manage your First Saver

You can pay money in by transferring it from a current account or savings account in your name held with us or another bank. You can manage your account on our mobile app, online or direct banking. Don't forget, you can use Round Ups with your First Saver too, so you can top up your savings with the spare change from your debit card spends. 

First Saver an instant access account, so you can take money out whenever you want but how you do that depends on whether the account is held in trust by an adult, or by a child. 

Account held in trust: Only the adult who holds the account in trust for a child can take money out the account, by using the mobile app, online banking, direct banking or visiting a NatWest branch. The account must be in the customer’s name and held within the same brand.

Account held by child: If the child is 11 years or older, they can register for our telephone and online banking services and use them to move money into their Adapt current account if they've got one. Children under 11 can only take money out in branch and will need to take some ID with them.

Parents and stepparents might need to pay tax if the money they give to a children’s savings account earns more than £100 of interest in a year. However, you shouldn’t have to worry about this limit if you’re a grandparent or family friend. You can find out more information at  gov.uk.

When the child reaches age 18 (16 in Scotland) they can manage the account themselves. The trust arrangement remains in place until the adult trustee transfers the funds directly to the child. 

You can close your First Saver account via the app or Online Banking.