Whether you're saving for bills, equipment or business expansion - our savings account lets you earn interest and have instant access to your funds. Customers who want a straightforward saving account with a competitive rate with instant access. Our Savings Goal tool Natwest Business Banking – Find all you need to know about business and start up accounts, cards, loans and more with Natwest. NatWest is one of the UK’s ‘big four’ banks (as a part of The Royal Bank of Scotland Group). Fixed rate savings (formally called 'bonds') allow you to fix your interest rate for a set period of time, and it will not be changed. A business notice savings account is an account that requires the business to serve a set number of days’ notice to withdraw their funds. NatWest has unveiled a new account with a market-leading 3% interest rate designed to help customers with little or no savings. NatWest business bank accounts are part of the Current Account Switch Guarantee Scheme, so you are able to switch easily and within seven working days of making a request. Important Legal Information. NatWest's business savings accounts let you earn interest and have instant access to your funds for bills, equipment or business expansion. NatWest Bank business savings accounts: Min amount: Max amount: Interest rate at or from: Instant Access: £1 Unlimited 0.20% Notice Account – 35 days: £1 Unlimited 0.75% Notice Account – 95 days: £1 Unlimited 0.85% NatWest offers a limited range of business savings accounts. Natwest launched its Savings Builder account in October 2018 to take on the Marcus savings account from Goldman Sachs. Business savings accounts Savings accounts to suit your business Whether you want instant-access to your money or a better rate for a fixed term, we have an account that fits the way you do business. Specific account eligibility criteria and conditions apply. It’s home to roughly 7.5 million UK customers, with 850,000 small business accounts. It’s taking longer than usual to process new applications. Leave your savings untouched and receive bonus interest on amounts between £25,000 and £1 million. To close a savings account online: Log in to Online Banking at www.nwolb.com (opens in a new window) On the 'Account summary' page select the account you wish to close; At the bottom of your mini statement for that account, select 'View account details' Below the account details, select 'Need to close your savings account?' NatWest … Or that you're saving for the future, with our Business Reserve account. Just select 'Apply', choose the account you would like … Business savings and deposits | NatWest banking Savers can pay in up to £50 each month. Their three accounts are Business Reserve, Liquidity Manager Notice Account and Treasury Reserve. Save £1-£50 each month with our NatWest Digital Regular Saver, our latest instant access savings account. Copyright © National Westminster Bank plc 2021, Lending options if your business has been affected by Coronavirus, Switching to a Natwest Business bank account, Coronavirus Large Business Interruption Loan, Repayment holiday on existing business loans, Understanding your Coronavirus Business Interruption Loan, Bonds, guarantees and standby letters of credit, Get your business off the ground and moving, Coronavirus Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS). Conditions apply. Start their savings journey with as little as £1; Instant access to their savings any time; Get a free Pigby piggy bank to help make saving fun (subject to availability) Children aged 7 and over can have the account in their own name or you can hold the account in trust for a baby or child up to the age of 6 NatWest, like many high street bank banks, restricts its top rate regular savings account to those holding a current account with them. If you're an existing NatWest customer, you can apply via the NatWest mobile app. NatWest offers a choice of business savings accounts that provide very different terms. Exclusively available for our current account customers, aged 16 or over. Take money out if you need it, you’ll just receive a lower interest rate for that month. Download PDFs of all terms and conditions for business current and savings accounts, as well as information on fees and charges. Helping you get more from your savings account with helpful information on managing your account, interest rates, online and mobile banking, additional products and more. Customers can … Suitable for managing separate funds on a day to day basis for your savings with instant access, Earn interest daily and receive it on the last business day of every month, Make as many withdrawals without penalties, Suitable if you can lock away your spare cash for 35 or 95 days at a time for a better interest rate, Lock away your spare cash from overnight, for up to 12 months, for an even better interest rate, No max balance but min balances from £25K apply dependent upon term of deposit, Fixed interest rates linked to the London money market, Interest is calculated daily, and paid at maturity, Minimum balance of £300k or 25 client accounts. Earn interest on money you're not using. It cut the rate on balances under £10,000 from 1.5% to 1% on 20 April 2020. NatWest states this digital savings account is exclusively for current account customers, aged 18 and over. Save for your businesses' future. Suitable for managing separate funds on a day to day basis, Access to your business savings instantly, Make as many withdrawals as you need without penalties, Suitable if you can lock away your spare cash for 35 or 95 days at a time for a better interest rate, Suitable if you can lock away your spare cash from overnight, for up to 12 months, for an even better interest rate, No maximum balance but minimum balances from £25000 apply dependent upon term of deposit, Fixed interest rates linked to the London money market, Interest is calculated daily, and paid at maturity. To open a Business Instant Access Account, please call 0345 835 3858. This account is also only open to UK residents. Share. These accounts are suitable for regulated firms such as law firms, accountancy practices, insolvency practitioners and property managers who manage clients’ monies. By contrast, instant access savings account rates are variable and can be changed, e.g. NatWest has announced changes to some interest rates on savings accounts (Image: GETTY) And, those wishing to claim the 25 percent government bonus - up to £3,000 - … Natwest pays just 0.01% interest on current and savings accounts, so it's best to check out all of their savings products and move your spare money to the right place. Advertisement. Browse business savings account types. Our Digital Regular Saver gives you our highest interest rate, at 3% Gross/3.04% AER p.a (variable) on balances up to £1,000. Save and access your funds anytime with a Business Reserve savings account from NatWest International. To apply for any of these accounts, you must be 16+ and a UK resident. Change in US Dollar and Sterling 35 Day Notice Deposit Account interest rates With effect from 22 January 2021, the interest rate applicable to our US Dollar 35 Day Notice Deposit Account will change to 0.30% per annum and the interest rate applicable to our Sterling 35 Day Notice Deposit Account will change to 0.21% per annum. Compare our wide range of business savings accounts to choose a high interest business savings account which maximise your earn and support the cashflow of your business. To apply for a NatWest International business current account you must be 18 years or over and be the owner or director of the business you’re applying on behalf of. The best business savings account pay high interest so your balance will earn the most. to take account of Bank of England base rate changes, or changes in rates paid by other banks. Suitable for regulated professionals who manage client monies, The service offers 'general' and 'designated' accounts to let you separate and manage your clients monies, Suitable for regulated firms such as law firms, accountancy practices, insolvency practitioners and property managers, Internet based system that helps you manage third party funds, Instant access to all your accounts online. If you already have a Business Current Account with us it’s easy to open an Instant Access Savings account over the phone. You are able to switch your Business Current Account or your business banking to another provider while retaining your deposit product with us. No, you are not required to open or maintain a business current account with us in order to obtain or manage a business deposit account. Specific account eligibility criteria may apply. The Business Reserve account is an instant access account that can be used for savings or reserves that you want to set aside and it has no minimum or maximum balance. Back then it paid 1.5% on balances under £10,000 and 0.2% on balances over £10,000 if at least £50 a month was paid into the account. Why we like it: 2.00% interest for 12 months on balances up to £1,500 for the first year. Your registered business address must also be in the Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in the Channel Islands, Isle of Man or Gibraltar. Helping you get more from your savings account with helpful information on managing your account, interest rates, online and mobile banking, additional products and more. Get rewarded for regular saving. To apply for a joint savings account online, simply choose the 'joint' account option when it is shown after you click 'Apply now'. Lines open 8am to 6pm Mon – Fri, 9am – 2pm Saturdays. Mobile app. Natwest Business Savings. We’ll aim to have you up and running as soon as possible. Interest rate 0.03% gross AER variable calculated daily and paid twice a year; Access to your account instantly online, phone or branch; No minimum or maximum account balance restrictions apply. The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Access to your business savings instantly; Make as many withdrawals as you need without penalties; No minimum or maximum balance; Account management available online or by telephone banking NatWest business banking is available to eligible customers over 18, who have the right to be self employed in the UK. Compare NatWest Savings Accounts. A business savings account ideal for. Just save between £1-£50 a month and access your money at any time. Follow the rest of this guide to get a picture of everything that’s on offer with NatWest. NatWest is used by millions of people each year to manage their money, particularly in savings accounts. Apply online now. Boost returns on surplus liquidity with our client deposit accounts and online services. NatWest Business Banking - Terms and Conditions (PDF, 420 KB) Business Reserve Account Business Reserve account. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone … What is the interest rate? Copyright © National Westminster Bank plc 2021, Lending options if your business has been affected by Coronavirus, Switching to a Natwest Business bank account, Coronavirus Large Business Interruption Loan, Repayment holiday on existing business loans, Understanding your Coronavirus Business Interruption Loan, Bonds, guarantees and standby letters of credit, Get your business off the ground and moving, Coronavirus Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS). FreeAgent is free subject to client retaining their NatWest business banking current account. To apply for a current or savings account that you can manage online and through our mobile app, you have four options: 1. Notice periods can range from 7 days through to 180 days or more. Business savings account can pay interest on the money in your business. Savings Builder. NatWest business savings account. Instant Bonds All. 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