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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.

Available until 5pm on 31 July 2024 for new customers and 05 August 2024 for existing customers. Please be aware that this offer can be withdrawn at any time. To apply, you must be 16+ and a UK resident. Early closure charges may apply.

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 4.45% / 4.36% AER/Gross on balances between £1 -  £5,000,000.

2 year terms - earn 4.10% / 4.02% AER/Gross on balances between £1 - £5,000,000.

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

How do Fixed Term Savings 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 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 rate 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 for 1 year fixed rate savings

Key dates 2 year fixed rate savings

What happens when my Fixed Term Savings Account ends?

Once your fixed term ends, we will notify you via email or we'll send you a letter. To earn more interest on your savings, lock in a new fixed term at a competitive rate.

Compare your fixed term savings options above.

Definitions

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

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 biometric data 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.

Are you an existing NatWest customer?

Great, let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident.
  • Have a phone number and email address we can contact you on.
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.
Do you hold a current account with NatWest?

Great, let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years 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. 

Can't scan the QR code?

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.

Great, let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident
Do you use Online Banking?
If you log in to Online Banking we can pre-fill some of the application for you.
Do you hold a current account with NatWest?

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 Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident.

Great, let's get your application started.

Remember, to apply for a Fixed Term Savings account you must: 

  • Be aged 16 years or over and a UK resident
  • Log in using your NatWest Online Banking details at the start of the application

Let’s get you registered 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 Fixed Term Savings account. 

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.