How to start saving
Ready to start saving and take control of your financial future? Check out our guide to discover the benefits of using a savings account, how to save regularly, and how your savings can earn you interest.
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Take a peek at Flexible Saver, our instant access account
Save for a rainy day or take aim at your savings goals without having to lock your money away with the NatWest Flexible Saver account.
With our instant access savings account you can put money aside each month, or whenever suits you. You'll earn interest on what you save and can add a lump sum at anytime.
If you're eligible for Round Ups (criteria apply), you could also save every time you use your card.
Online Banking available to customers with a NatWest account. App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries
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Account name: Flexible Saver
What's the interest rate?
The interest you earn will depend on the amount you have saved over the course of the year. Interest rates on our instant savings accounts are variable.
Can NatWest change the interest rate?
Yes, we may change the rate up or down on your instant saver account. There are a few reasons for this, such as a change in the Bank of England base rate. We’ll give you at least 14 days’ notice if the rates are going down and your balance is £100 or more. Otherwise we’ll tell you before or shortly after the change.
You can find more detail on the reasons for an interest rate change and how we'll tell you about this in section 9.2 of the Savings Account Terms (PDF, 474KB).
What would the estimated balance be after 12 months based on a range of deposits?
The amount you deposit into your instant savings account will determine the interest you earn over the year. In the table below, we list estimates of the interest that could be earned with different deposit amounts.
How do I open and manage my Flexible Saver account?
Before you apply:
- You must be a UK resident aged 16 years or over and already have a current account with us, or apply for a current account with us at the same time.
- We will need an email address and mobile number to open your account. You can update them online.
- To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.
Managing your account:
- You can open and manage your account on our mobile app, online or by telephone.
- You can pay money in by transfer from a current account or savings account in your name held with us or held with another bank (Online, by telephone or on the mobile app).
- No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
- You can use Round Ups with Flexible Saver.
Can I withdraw money?
Yes, you can withdraw your money at anytime from your instant savings account. Simply move the amount you want to your current account held with us using Online Banking, mobile app, in branch or by telephone.
If you close or switch your current account with us in future, you will only be able to withdraw money from your account in branch.
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:
If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.
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.
Managing your Flexible Saver account
Managing your instant savings account couldn’t be easier with the NatWest Mobile Banking app. Here, you can perform instant transfers between accounts, monitor your spending and savings, set savings goals, and get help from our representatives.
You can also manage your instant savings account online. Or visit one of our local branches to discuss your needs with one of our advisers.
Instant access savings accounts - FAQs
Work towards your savings goals today
Got specific financial goals but don't know where to start? We're here to help. Discover the best strategies for saving towards your goals, and get tips for staying motivated along the way. Plus, explore tools and resources that could help track your progress and achieve your savings goals faster.
Discover our savings accounts
Stash the cash for your future with one of our many savings accounts. Whether you're saving for the long term, or for a certain goal, we could have an account for you.