e-ISA
Internet-based, tax-efficient savings
Why pay tax on your savings interest? e-ISA gives you 5.50% AER, and the taxman doesn't get a penny.
Why choose an e-ISA?
Interest rate guarantee – the AER (annual equivalent rate) is guaranteed to match or beat the Bank of England Base Rate until at least July 2009, helping your savings to grow
Flat rate – the interest rate stays the same, no matter how much you save
Save up to £3600 in a tax year - this is the limit for tax year 2008/2009, and the minimum balance is £1. The tax year runs from April 6 to April 5 the following year
No penalties – we won’t charge you for withdrawing your money. However, if you decide to make a further deposit, remember that you can only deposit a maximum of £3600 over the entire tax year
Monthly tax-free interest – paid directly into your account
Get the savings habit – we can set up a regular transfer from your other NatWest account
No transfers-in – if you want to transfer your existing ISAs, have a look at our Cash ISA. However, you can transfer out from e-ISA without any penalty
Want to save more than £3600 in a year? Pay the remainder into one of our instant access or medium-term savings accounts.
This page provides the current interest rates that apply to this account. We have a separate page for previous savings interest rates.
Full copies of the fees and rates, and terms and conditions that apply to our personal accounts can be downloaded for our terms and conditions page.
Common definitions
Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate 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 Rate. This means the interest rate you are paid before the deduction of income tax.
Net Rate. This means the interest rate you are paid after the deduction of income tax.
Current savings rates
| Balance | AER | Gross Rate | Net Rate |
|---|---|---|---|
| £0+ | 5.50% | 5.37% |
Interest paid monthly.
Note: Internet based account only
Last updated on: 3 Mar 2008.
Important information
You can download terms and conditions for NatWest current accounts and savings accounts and information on fees and charges as PDFs.
We sometimes allow savings accounts to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, we may apply charges to the account. Please read our leaflet Personal and Private Banking - A Guide to Fees and Interest which contains details of these charges.
NatWest Personal and Private Banking - Terms and Conditions (PDF File 302KB)
NatWest Personal and Private Banking - A Guide to Fees and Interest (PDF File 147KB)
You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.
