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NatWest Flexible Saver

Open your flexible, instant access savings account

To apply, you must be 16+ and hold a NatWest current account and be a UK resident

We will soon be reducing some of our interest rates, see the changes here.

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.

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How Flexible Saver works

Get started saving

It's easy and quick. Just hit the apply button to get started. Once set up, you can choose when and how you want to save. We also have handy digital tools to help you reach your savings goals.

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Flex your easy access savings when you need to

You can add a lump sum or set up a standing order or pay in what you want, when you want. It's up to you.

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Easy access to your cash

With our Mobile Banking app, you can access your accounts, check your balance, transfer money into your current account and get support whenever you like.

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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

Summary Box

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.

Balance

£1 - £24,999
£25,000 - £99,999
£100,000 - £249,999
£250,000+

AER p.a. (variable)

1.60%
2.10%
2.50%
3.10%

Gross p.a (variable)

1.59%
2.08%
2.47%
3.06%
Interest is paid on a tiered basis which means you’ll earn one rate on your entire account balance. If, for example, you hold £150,000 in your account your interest rate will be 2.50% AER / 2.47% Gross p.a (variable) on your entire account balance. Interest is calculated daily and paid on the first business day of the month and at account closure. You'll be able to see and access the interest in your account on the following day.

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, 474 KB).

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.

Initial deposit amount

£1,000
£50,000
£150,000
£300,000

Balance after 12 months

£1,016.02
£51,049.97
£153,747.22
£309,309.82

Interest earned

£16.02
£1,049.97
£3,747.22
£9,309.82
This is only an illustration of what you could save and assumes that no further deposits or withdrawals are made, that there aren’t any changes to interest rates or tiers, and any interest earned stays in the account.

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.

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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.

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 biometric data is captured.

All okay? You’re nearly ready to start.

We need to do a few final checks with you. They’ll only take a minute.

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Do you have our NatWest app on a mobile device?
If you're registered for our app on a mobile device, we can pre-fill some of your info, making the application process faster.
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Is the account just for you, or is it a joint application?
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Great, let's get your application started.

Remember, to apply for a Flexible Saver account, you must: 

  • Be a current account customer
  • Be aged 16 or over and a UK resident

Using a desktop or have the app on another device?

Simply scan the QR code with your mobile or tablet device that has the NatWest app and we'll get you started.  

Using your mobile or tablet device now?

If you're already using a device with the NatWest app, select the 'Start your application' button below.

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Great, let's get your application started.

Remember, to apply for a Flexible Saver account, you must: 

  • Be a current account customer
  • Be aged 16 or over and a UK resident

Using a desktop or have the app on another device?

Simply scan the QR code with your mobile or tablet device that has the NatWest app and we'll get you started.  

Using your mobile or tablet device now?

If you're already using a device with the NatWest app, select the 'Start your application' button below.

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Do you use Online Banking?
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Log in to NatWest Online Banking

  1. Enter your customer number or 16-digit card number to get started. 
  2. You'll then need to enter your Online Banking pin and password.
  3. Once you're logged in, select 'Savings accounts' from the product list. 
  4. Finally, choose the account you want to apply for and complete your application.

Remember, to apply for a Flexible Saver, you must: 

  • Be a current account customer
  • Be aged 16 or over and a UK resident
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Log in now

Let’s get you signed up for Online Banking

You’ll need to sign up for Online Banking with us in order to apply for a savings account. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest Debit Card, if you have one.

Once you’ve registered, select ‘Next’ to log in and apply for a Flexible Saver account. 

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Log in to NatWest Online Banking

  1. Enter your customer number or 16-digit card number to get started. 
  2. You'll then need to enter your Online Banking pin and password.
  3. Once you're logged in, select 'Savings accounts' from the product list. 
  4. Finally, choose the account you want to apply for and complete your application.
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Log in now

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.

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.

Check out our guide to saving

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. 

Learn how to set financial goals

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.

Take a peek at our savings accounts