High street · checked 9 November 2026
NatWest
Facts, not recommendations. We aren’t paid by any bank and we don’t rank by who pays us. Rates and offers change often — checked 9 November 2026. Always read the provider’s terms before you open or switch an account.
TL;DR£10,000 here earns £100 in a year. That’s £356 less than the top easy-access rate we found.
Switching bonus
£200
Full switch to Select or Reward; within 60 days pay in £1,250 and log in to the app. Not if you’ve had a NatWest Group switching bonus before.
TL;DRMeet every condition and the bonus lands in your account. Miss one and you get nothing.
| Type | High street |
| Part of | NatWest Group |
| Current account fee | Select: no monthly fee; Reward: £2 |
| FSCS protection | Up to £120,000 per person, per banking licence |
Quick answers
What savings rate does NatWest pay?
NatWest’s Flexible Saver: 1.00% AER on balances under £25,000 (higher tiers above). Needs a NatWest current account.
Is my money safe with NatWest?
UK deposits at a bank or building society with a UK licence are protected by the FSCS up to £120,000 per person, per licence. NatWest is part of NatWest Group.
Does NatWest pay you to switch?
Yes — £200. Full switch to Select or Reward; within 60 days pay in £1,250 and log in to the app. Not if you’ve had a NatWest Group switching bonus before.
Your 5-minute move
Compare all the rates
See what your balance would earn at every bank side by side.
- DepositScout — NatWest Flexible Saver — checked October 2026
- Which? — Best bank account switching deals, November 2026 — published 4 November 2026
- Bank of England — FSCS deposit limit increased to £120,000 — from 1 December 2025