Your savings could grow faster with a Fixed Rate ISA, for one and two-year terms

Fixed Rate ISAs and savings accounts can be a great choice for some people. If you’re willing to save for the medium to long term and have a lump sum available that you won’t need to dip into, these types of account could help your savings earn more interest.

But it might be worth exploring NatWest's other savings accounts if you want instant access to your money, or if you prefer regular saving over putting a lump sum away.

To make your initial payment into your Fixed Rate ISA, you’ll need to set up the account as a new payee, using the account number and sort code, via online banking or mobile banking.

Your next payments can be made through online banking, in-branch and by telephone. Please see the last day to make payments in the 'Key Dates' section above.

We will send you a certificate of deposit within 14 days of the Start Date.

With a Fixed Rate ISA, you’ll typically get a better rate of interest but won't be able to withdraw your savings unless you close your Fixed Rate ISA account or transfer your Fixed Rate ISA balance before the maturity date.

If you do this before before the fixed term ends, there will be a fee will be charged of 90 days’ interest on the balance of your account.

You can get additional support with Banking My Way. This is a free service that allows you to record information about the support or adjustments you need to make banking easier.

You can also let us know about any additional support you may need to ensure all our colleagues are aware. The information will be shared on our internal systems, so you will not need to repeat these requirements every time you interact with us.

Once your account is open, you can record this through Online Banking or with our colleagues in branches or over the phone.

Learn more about Banking My Way

On the Maturity Date (or if the Maturity Date is not a business day the next business day), we’ll convert your account to a Cash ISA. You’ll be able to access your money on the Maturity Payment Date. Please see Term 5 of the Fixed Rate ISA Terms for more information.

You can transfer your ISA to another ISA manager. If the transfer is before the Maturity Date, we’ll convert your ISA to a Cash ISA and an Early Closure Charge will apply. If you want to transfer your ISA without incurring an Early Closure Charge the transfer must be dated at least the day after the Maturity Date, when your money is accessible.

After you've opened your account you will have to add money to your Fixed ISA before the final date to get the current rate.  To view the closing date to open a Fixed ISA and the last date to make payments or withdrawals please see the 'Key Dates' section above.

After this date, your savings will be locked in and you won’t be able to take any money out unless your closing our transfering your Fixed Rate ISA.