Young Saver savings account

Why choose a Young Saver account?

Paint your own piggy bank – get a ceramic footballer or ballerina pig, complete with paints, if you set up a Standing Order of at least £10 per month

Chart and stickers – to help teach your children about savings

Interest-free savings - most children can get the interest paid tax-free on a Young Saver account. Just complete an R85 form

Quarterly interest – paid directly into the account

Phone, in-branch and online – easy access to your child’s account

Open in your child's name – you can arrange this for children aged 7-10. You will need to read and approve the application

Hold the account in trust – anyone over 16 can hold this account in trust for a child under 10

This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.

Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of income tax.

Net Rate. This means the interest rate you are paid after the deduction of income tax.

Interest paid quarterly.
Last updated on: 1 May 2008.

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You can download terms and conditions for NatWest current accounts and savings accounts and information on fees and charges as PDFs.

NatWest Personal and Private Banking - Terms and Conditions (PDF File 302KB)

NatWest Personal and Private Banking - A Guide to Fees and Interest (PDF File 147KB)

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