NatWest Savings Accounts

Joint Savings Accounts

Joint picture frame and a piggybank

What is a joint savings account?

Having a joint savings account is the same as having one on your own, except two people have control over the account, and can pay in and withdraw funds from the account.

Joint savings accounts are a great way for two people to save together towards a joint goal, like a big event, maybe a holiday, or just a rainy-day fund.

Who can open a joint savings account?

To apply for a joint savings account, you both need to already hold a current account with us. Find out more about our current accounts if you don't have one already.

We offer the option to open a joint savings account with the following products:

Flexible Saver - our most basic savings account; flexible saving without the need to deposit regularly. Access your savings whenever you need it.

To apply for a joint savings account online, simply choose the joint account section when it is shown after you click apply now.

Our Savings Goal tool

Saving's easier if you have a goal. You can use the Savings Goal Tool in our mobile app to track your joint savings progress.

Does a joint savings account affect my credit score?

  • Applying for a joint savings account won't have any impact on your credit score, as we don't need to perform any searches with credit reference agencies to open a savings account.
  • However, if you aren't already a NatWest current account customer, and choose to apply for a current account, searches may be performed with credit reference agencies, which could affect your credit score.
  • Opening and using a savings account, sole or joint, won't have any impact on your credit history. Lenders don't look at savings accounts when making any decisions regarding potential lending.
  • It also means you won’t need to worry if you or your partner has a bad credit history – a joint savings account won’t affect the other’s credit.

Do we both need to be NatWest customers to open a joint savings account?

Yes, you both need to have an existing NatWest current account to apply for a joint savings account.

Questions about joint savings accounts

Do we need a joint current account to have a joint savings account?

No, you don't have to have a joint current account to apply for a joint savings account. However, you both need to have an existing NatWest current account.

Can I have sole and joint savings accounts?

Yes, you can have sole savings accounts for saving on your own, and joint savings accounts for saving with another. However, there may be limits to the number of sole or joint savings accounts you can have for an individual product. Please check the eligibility information on the webpage of the product you are interested in for more information.

What happens if one of the joint savings account parties passes away?

In the circumstance that one joint account holder passes away, we can change the joint account to a sole account. The best thing to do is speak with your nearest branch, or write to us. 

Will we both earn separate interest on a joint savings account?

No, afraid not. The interest you'll earn on the joint savings account will be the same rate that you would earn on a sole savings account, unless we explicitly tell you otherwise.

Can we have a joint savings account with more than 2 parties?

No, we only offer joint savings accounts between two named parties.

Want to reach your savings goals quicker?

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.

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. Specific account eligibility criteria apply.

Other joint options...

"" Talk about ownership

Joint mortgages

Interested in a shared mortgage? Find out more about joint mortgages. Criteria apply, over 18s.


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"" Tske a look at our mortgages

Joint bank accounts

Needing a shared bank account? Find out more about joint bank accounts. Criteria apply.


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"" Think about home insurance

Joint loans

Looking to borrow money with a partner? Find out more about joint loans. Criteria apply, over 18s. 


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