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Fixed Term Savings

Our fixed term, fixed rate savings account

Information Message

NatWest's fixed term, fixed rate savings account

Can you set aside savings for at least a year or two? Our Fixed Term Savings Account gives you a guaranteed interest rate, so you know how much your money will grow.

  • 1 year terms - earn 4.90% / 4.79% AER/Gross on balances between £1 -  £5,000,000
  • 2 year terms - earn 4.70% / 4.60% AER/Gross on balances between £1 - £5,000,000
  • You can save between £1 - £5,000,000 per term

How do Fixed Term Savings work?

Get started

It’s quick and easy to apply. Just click Apply now to get started.

If you don't already have a current account with us you can open one here.

Choose your term

It’s up to you – pop in a lump sum and choose how long you’d like to fix your savings for. You will know how much exactly you will have earned by the end of the term.

Fix your money

Sit back and see your money grow. Remember, your money is locked away for the term you choose so you won’t be able to access until then.

Opening your Fixed Term Savings account

Whether you are a new or existing customer, you can still open a Fixed Term Savings account with us. T&Cs apply.

Summary Box

Account name: Fixed Term Savings Account

What is the interest rate?

Can NatWest change the interest rate?

No, the interest rate is fixed. This means that the rate will not change between the date you open your account and the Maturity Date.

What would the estimated balance be at maturity based on a range of deposits?

How to open and manage my NatWest fixed rate savings account

Before you apply, you must be:

  • Aged 16 years or over.
  • A UK resident.
  • A sole applicant. This account cannot be opened in joint names.

Key info for opening your fixed term savings account:

  • Already bank with us? You can open an account on our mobile app or online.
  • If you don’t have an account with us, you will need to open your account online before getting setup on our app.
  • We will need an email address and mobile number to open your account. You can update them online.
  • Your balance at the Fixed Term Start Date must be at least £1.
  • The maximum deposit is £5,000,000.
  • We'll send you a certificate of deposit within 14 days of the Fixed Term Start Date.

Key dates for 1 year fixed rate savings

Key dates 2 year fixed rate savings

What happens when my Fixed Term Savings Account ends?

Once your fixed term ends, we will notify you via Online Banking and the NatWest app. To earn more interest on your savings, lock in a new fixed term at a competitive rate.

Compare your fixed term savings options above.

Definitions

Banking can be confusing sometimes. Here's what some of the words we use mean.

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. Please take a look at the important legal info:

How your information might be used

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.

All okay? You're nearly ready to start.

To speed up your application for our Fixed Term Savings account, we need to do a few final checks with you. They'll only take a minute.

Are you an existing NatWest Customer?

Great. Let's get your application started

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident
  • Have a phone number and email address we can contact you on.

 

Do you use Online Banking?
If you log in to Online Banking we can pre-fill some of the application for you.
Do you hold a Current Account with NatWest?

Great. Let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident
  • Login using your NatWest Online Banking details at the start of the application

Great. Let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident
  • Login using your NatWest Online Banking details at the start of the application

Register for Online Banking

You'll need to sign up for online banking with us in order to apply for the Fixed Term Savings account online. The good news is that it normally takes just 5 minutes.

What you'll need
You'll need your sort code and account number, and your NatWest debit card if you have one.