Welcome to Fixed Term Savings

Our fixed term, fixed rate savings account

Available until 10th July 2023. To apply, you must be 16+ and hold a NatWest current account and be a UK resident. Early closure charges may apply.

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 5.01% / 4.90% AER/Gross on balances between £1 - £99,999 or 5.12% / 5.00% AER/Gross on balances between £100,000 - £5,000,000
  • 2 year terms - earn 5.12% / 5.00% AER/Gross on balances between £1 - £99,999 or 5.22% / 5.10% AER/Gross on balances between £100,000 - £5,000,000
  • You can save between £1 - £5,000,000 per term.

How do Fixed Term Savings works?

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 then you will need to open this first.

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

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 do I need to open and manage my NatWest fixed rate savings account?

Before you apply:

  • You must be aged 16 years or over and a UK resident to open our fixed rate accounts.
  • If you already have a current account with us, you can open a fixed savings account on our mobile app or online.
  • If you don’t have a current account, you will need to open this first online or via our mobile app. You will need to register for Online Banking before you can get our mobile app.
  • We’ll need your email address and mobile number to open your one-year or two-year savings account.
  • Your balance at the Fixed Term Start Date must be at least £1.
  • The maximum deposit is £5,000,000.
  • We will send you a certificate of deposit within 14 days of the Fixed Term Start Date.

Key Dates 1 year

Key Dates 2 year


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?

Sorry you can't apply for a Fixed Term Savings account right now

As you aren't an existing customer you will need to open a current account with us before you open a Fixed Term Savings account.

Do you use Online Banking?
If you log in to Online Banking we can pre-fill some of the application for you.

Great. Let's get your application started.

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

  • Be a current account customer
  • 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.