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This comparison simply includes all savings accounts.

SmartSave
Instant Access Account SmartSave
Min deposit £10000
Term Instant Access
Interest AER 5.07%

Why we like it: Sign up to a Flagstone account, and access hundreds of savings accounts from 60+ banks, including this one. Easily split cash between multiple accounts, all with a single application. Maximise your interest with exclusive rates. Personalised illustration tool to see how you can maximise your cash. FSCS Protected. Minimum deposit £10,000. Must be UK resident and aged 18 or older

Leeds Building Society
Limited Issue Online Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 4.85%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

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)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 5.37%

Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.90%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 5.05%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

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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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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

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