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To apply you must be aged 16 years or over, already hold a NatWest International current account and be resident in either the Channel Islands, Isle of Man, Gibraltar or the UK.
Why choose a Premium Saver account?
- Earn a monthly bonus interest on savings between £25,000 - £1 million when you leave your balance untouched
- Open your account online in 10 minutes
- Exclusively available for our current account customers, aged 16 years and over
- Top up your savings with Rounds Ups
In detail: Premium Saver
What's the interest rate?
No withdrawals made in month: bonus condition is met
Withdrawals made in month: bonus condition is not met
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 and you have satisfied the bonus condition, your interest rate for that monthly bonus period will be 2.90% Gross p.a. on your entire account balance. You can find details of the bonus condition in the Additional information section. 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 International change the interest rate?
Yes, the interest rate is variable. The rate may increase or decrease for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees to account for the Bank of England's base rate changes or changes in the rates paid by other banks. If the rates are going down we'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. Term 10.4 of the Personal Banking Account Terms and Fees contain details of the notice we'll give you.
How much interest could I earn?
Estimated balance after 12 months, based on a range of deposits
No withdrawals made in any month: bonus condition is met
Estimated balance after 12 months based on a range of deposits
These are only examples that do not take into account your individual circumstances.
They assume that no further deposits or withdrawals are made; there is no change to the interest rates; and any interest earned stays in the account.
£50 withdrawal made each month: bonus condition is not met
These are only examples that do not take into account your individual circumstances.
They assume that no further deposits or withdrawals are made; there is no change to the interest rates; and any interest earned stays in the account.
How do I open and manage my account?
- You must be aged 16 years or over to open an account.
- You can only have one Premium Saver Account in your sole name, and only one Premium Saver Account in joint names with another person.
- You can open your account in branch or online and manage your account in branch, online, by telephone and on the mobile app.
- No minimum deposit is required to open the account; you do not need to pay money in on a regular basis; and there is no maximum balance limit.
- However, to earn the bonus rate of interest in each monthly bonus period, your account balance must be between £25,000 - £1,000,000 and you must not make any withdrawals in that month.
Can I withdraw money?
Yes, Premium Saver is an instant access savings account which means that you can access your money at any time. However if you make one or more withdrawals in a monthly bonus period, you will not earn the bonus for that month and your interest rate will be lower for that period.
You can withdraw money:
- in branch
- by transfer to any other account based in the UK (online, via telephone or the mobile app)
There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking. You can find out the current daily limits on this website or by contacting telephone banking.
Definitions
AER: Stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.
Gross Rate: This means the interest rate you are paid without deduction of income tax.
p.a.: Per annum (per year).
Ready to apply?
Before you apply, we've outlined the eligibility requirements for the account below, along with our terms and conditions to make sure it's the right account for you. If you're happy, we'll run through a few quick questions to make your application as easy as possible.
You can apply for a Premium Saver account if you are:
- aged 16+, and
- resident in the Channel Islands, Isle of Man or Gibraltar (you must be an existing customer with us if you are resident in Gibraltar), and
- an existing NatWest International current account holder
Please review our important information
By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll email you when your statements are ready to view in Online banking.
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.