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This comparison simply includes all savings accounts.

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

HSBC
Advance Current Account HSBC
Open With £1750
Account Type Current Account
Features Get £125 when you Switch

Why we like it: SPECIAL OFFER - £125 for SWITCHING to an HSBC Advance Account. Earn 1.00% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must be 18 or older and be UK resident. Must pay in £1,750 per month or £10,500 over 6 months. Must be approved for an arranged overdraft of £1,000+. Get the £125 when switching to an HSBC Advance Account as a new customer with at least 2 Direct Debits or standing orders. Offer for new customers only who haven’t held an HSBC current account, or opened a first direct account since 1 January 2018. Eligibility criteria and T&C’s apply. Offer may be withdrawn anytime

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.30% AER Interest Up To £20,000 £4 pm Account Fee

Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 0.55%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 0.7%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 0.8%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.4%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.3%

Why we like it: Market Leading. Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.45%

Why we like it: Unlimited withdrawals subject to 95 days notice.

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.9%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 0.95%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Best British Bank and Best Current Account in 2020 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

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Compare NatWest savings accounts

Everyone wants to get a good deal on their savings to maximise their return, but how do you pick an account when there are so many options on the market? Understanding the different types of accounts on offer and how they match your saving goals should make it much easier to make the right choice.

Current Accounts

Current accounts tend to offer very attractive interest rates on smaller sums of money, meaning it is usually a good idea to keep the maximum you can in your current account. 

Getting the best rate may mean that you need to switch to a different provider. It is important to note that many current accounts offer a higher rate for an introductory period, then drop it considerably going forward.

Instant Access Savings Accounts

If you need an account where you can put money in and take it out as and when you need to, an instant access account is worth considering. There is usually no fee for access, although there may be an annual limit on the number of withdrawals and deposits you can make.

You will usually be able to make transfers online and by phone, and you may even be given a cash card allowing you to make withdrawals at ATMs.

Regular Savings Accounts

Offering attractive rates of interest, regular savings accounts are designed to allow savers to make regular deposits each month to build their capital over time. You will normally have to make a minimum monthly deposit, and there is likely to be a limit on how many withdrawals you can make each year. There will also usually be a maximum monthly deposit.

Because the amount in your account will be quite low initially, your returns may start off quite small even with a good interest rate. However, for long term saving the benefits can be substantial.

Fixed Rate Bonds

Anyone looking for a reliable investment should investigate fixed rate bonds. These offer a guaranteed interest rate for a set period (usually between 1 and 5 years). On the downside, you normally cannot add extra funds or withdraw your money early if your financial situation changes.

Fixed rate bonds are usually best suited to those with a reasonable lump sum to invest that they have no immediate use for.

Cash ISAs

ISAs are suited to UK taxpayers, as they allow you to earn tax-free interest on deposits up to a limit decided by the government. For 2017/18 the maximum you can invest is £20,000.

The most common ISAs are usually either instant access or fixed term. Instant access cash ISAs let you take out and put in money whenever you need to, and they give variable rates of interest. Fixed term cash ISAs offer guaranteed rates for the life of the account, but you cannot usually make additional deposits or take funds out until the ISA ends.

Find the best NatWest savings account for you

Our savings account comparison table, found at the top of this page, allows you to quickly and easily compare the best deals on savings accounts from across the market. That way you can be sure that you are getting the best return on your savings, whatever your objectives.

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