- The new offer is available to anyone opening a NatWest Reward or Select account.
- Customers who switch to a NatWest Current Account will also receive access to a Digital Regular Saver bonus rate.
- Earn up to £60 a year in rewards when selecting a new NatWest Reward current account.
17 February 2026 – NatWest is offering £150 cash and an enhanced savings bonus rate for new and existing customers* who switch their main current account to the bank’s Reward or Select current account.
To qualify, customers must apply between the 17th February 2026 – 28th May 2026 and complete a full switch from a current account held with another provider (excluding NatWest, RBS, and Ulster Bank). This includes the closure of the old account, paying a minimum of £1,250 into the account, and logging into the NatWest mobile app within 60 days of the switch completing.
Making the move couldn’t be easier with the Current Account Switch Service, which can be accessed online or via the NatWest mobile app. Payments, such as Direct Debits and Standing Orders, are automatically transferred to the newly opened account within seven days.
Chris McGuinness, Switching Expert at NatWest said: “We know customers want banking that delivers great value and makes managing money easier. Our latest switcher offer – including £150 and a bonus saver rate – is designed to give new customers just that. It offers customers support to build better saving habits from day one.”
Alongside the switch cash offer, new customers can also benefit from a 12-month fixed bonus interest rate of 1.75% on a Digital Regular Saver account. To qualify, customers must meet the switching criteria and open a new savings account between the 17th February 2026 – 26th June 2026.**
Customers who opt for a Reward account can earn a further £60 a year. Every month, customers can enjoy £4 a month in rewards for two or more direct debits of at least £2 and earn a further £1 just by logging into the NatWest mobile app.*** Rewards can then be exchanged as cashback into bank accounts, as e-gift codes, or points with partners.
For those looking to get their children financially savvy early, NatWest offers customers a free Rooster Card subscription for children on both a Reward and Select account. Rooster is a prepaid debit card and pocket money card, helping children develop good money habits early on.
More details on opening a new account can be found online here or by downloading the NatWest mobile app.
Notes to Editors
*Customers must meet all the criteria before receiving the £150 payment, which will be paid within 30 days of completing the required steps. Existing customers must not have held a NatWest current or savings account prior to the offering.
**The standard interest rate is applied from the first payment, with the bonus rate added within 14 days of meeting the eligibility conditions. The bonus rate will run until the 30th June 2027.
***The Reward account has a monthly fee of £2.
