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Fixed rate savings

Our  Fixed Term  Savings Account

Get more certainty with a guaranteed interest rate.

See why over 360,000 customers (as of April 2024) already have this account.

NatWest's Fixed Term Savings Account

Our Fixed Term Savings Account can offer you a range of features and benefits:

Choose to put your savings aside for one or two years.

Enjoy a guaranteed interest rate, so you know how much your money will grow.

1 year terms - earn 4.05% / 3.98% AER/Gross on balances between £1 -  £5,000,000.

2 year terms - earn 3.90% / 3.83% AER/Gross on balances between £1 - £5,000,000.

Save between £1 - £5,000,000 per term.

How do Fixed Term Savings Account work?

Get started

It’s quick and easy to apply. Just click Apply today to get started.

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 it until then.

Opening your Fixed Term Savings Account

Whether you are a new or existing customer, you can still open a Fixed Term Savings Account with us. T&Cs apply.

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 to open and manage my NatWest Fixed Term Savings Account

Before you apply, you must be:

  • Aged 16 years or over.
  • A UK resident.
  • A sole applicant. This account cannot be opened in joint names.

Key info for opening your Fixed Term Savings Account:

  • Already bank with us? You can open an account on our mobile app or online.
  • If you don’t have an account with us, you will need to open your account online before getting setup on our app.
  • We will need an email address and mobile number to open your account. You can update them online.
  • Your balance at the Fixed Term Start Date must be at least £1.
  • The maximum deposit is £5,000,000.
  • We'll send you a certificate of deposit within 14 days of the Fixed Term Start Date.

Key dates: 1 year Fixed Term Savings Account

Key dates: 2 year Fixed Term Savings Account

What happens when my Fixed Term Savings Account ends?

When your fixed term is coming to an end, we will notify you via letter and provide you with available options.

At maturity your Fixed Term Savings Account will automatically reinvest, unless you tell us you don’t want to. 

Definitions

Banking can be confusing sometimes. Here's what some of the words we use mean.

Information Message

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.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this  is captured.

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.