| Initial deposit | Balance after 12 months | Interest earned |
|---|---|---|
| £25,000 | £25,150.41 |
£150.41 |
| £50,000 | £50,426.66 | £426.66 |
| £150,000 | £151,279.98 | £1,279.98 |
Premium Saver
Earn bonus interest on balances between £25,000 - £1,000,000
Apply for a Premium Saver Compare our savings accountsExclusive for our current account customers, aged 16 and over.
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Manage your savings
Online, in branch or over the phone
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Earn bonus interest on savings between £25,000 and £1 million
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Your savings when you need them
Instant access account
Premier Banking
Premium Saver
Our service is designed around your goals and your Premier Relationship Manager is on hand to help you identify the savings options which best match your needs.
The Premium Saver account pays a monthly bonus on balances between £25,000 – £1m if you leave your money untouched.
You still get instant access to your savings and the interest rate only drops for the month you withdraw your money. Leave your savings untouched the following month, and you'll get the bonus interest again.
What is the interest rate?
With bonus interest
No withdrawals made in any month
| Balance | AER / Gross p.a (variable) |
|---|---|
| £1 - £24,999 | 0.20% (no bonus paid) |
| £25,000 - £49,999 | 0.60% (inc. 0.40% bonus) |
| £50,000 - £1,000,000 | 0.85% (inc. 0.65% bonus) |
| £1,000,000+ |
0.45% (no bonus paid) |
Without bonus interest
One or more withdrawals made in a month
| Balance | AER / Gross p.a. (variable) |
|---|---|
| £1 - £24,999 | 0.20% |
| £25,000 - £49,999 | 0.20% |
| £50,000 - £1,000,000 | 0.20% |
| £1,000,000+ |
0.45% |
The need-to-knows
- 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 0.85% AER/Gross p.a. on your entire account balance.
- You can find details of the bonus condition in the Additional information section further down the page.
- 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.
What would the estimated balance be after 12 months based on a range of deposits?
With bonus interest
No withdrawals made in any month
Without bonus interest
One withdrawl of £50 each month for a year (£600 in total)
| Initial deposit | Balance after 12 months | Interest earned |
|---|---|---|
| £25,000 | £24,449.39 |
£49.39 |
| £50,000 | £49,499.44 | £99.44 |
| £150,000 | £149,699.62 | £299.62 |
These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to interest rates and tiers; and any interest earned stays in the account.
Frequently asked questions
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 and manage your account in branch, online and by telephone.
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.
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 NatWest International change the interest rate?
Yes, the interest rate is variable.
The rate may be changed for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees e.g. to take account of Bank of England's base rate changes or changes in the rates paid by other banks.
If the rates are going downwe'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. 10.4 of the Personal Banking Account Terms and Fees contains details of the notice we'll give you.
Can I withdraw money?
Yes. No notice is required.
You can withdraw money:
• in branch
• by transfer to any other account based in the UK, Channel Islands, Isle of Man or Gibraltar (online, by telephone or on the mobile app)
There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking.
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.
Definitions
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) 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 is the interest rate paid before the deduction of tax.
p.a per annum (per year).
Premier Banking
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Premier Banking team
Get in touch
To speak to a member of the Premier Banking team please call:
Jersey: 01534 282961
Guernsey: 01481 703870
Isle of Man: 01624 697741
Gibraltar: 00350 200 52761
Lines are open Monday to Friday 9am-5pm except bank holidays. If outside of these hours, please leave a message and we will call you back as soon as possible.
Not a Premier Banking customer?
You can find out more about becoming a Premier Banking customer on the Our Service page.