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Switch and Save offer with Premier Select

A premium account with no monthly fee.

No Non-Sterling Transaction fee when you make a purchase outside the UK or in a foreign currency. Local fees may apply.
Get expert help to make the most of your money and tackle life's unexpected surprises with our Premier Banking service.
Arranged overdraft with £500 interest-free buffer available (subject to status) Representative APR: 20.1% (Variable).
Eligible for our Switch and Save offer to unlock our Limited Edition Saver account. T&Cs apply.

Overdraft: Representative APR: 20.1% (variable). Other charges may apply. How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.

To apply, you need to be 18+ and a UK resident and have ONE of the following. A minimum £100k sole income or £120k joint income paid into your Royal Bank account, or £500k minimum mortgage borrowing with us, or minimum £100k savings or investments held with us.

Discover Premier

Features

Your financial goals, our expertise

With Premier you'll have an expert team available to help with your everyday banking needs, day or night. If you need help with something more complex, we can connect you with the specialists you may need.

Protect what matters

If you need it, you'll also have access to an enhanced level of insurance cover available with Premier Insurance (underwritten by U K Insurance Limited).

If you already have a Premier Select you can find out how to use your existing account on our website.

Arranged overdraft

Arranged overdrafts allow you to spend more money than you have in your account to an agreed limit. An overdraft is a form of borrowing and is repayable on demand. It can be useful for short term borrowing.

We'll run a full credit check to determine your overdraft limit. If you don't repay what you borrow, you could harm your credit score and borrowing capability.

How do overdrafts work?

This account offers an Overdraft facility (subject to status). You can check if you're likely to be accepted for an overdraft using our eligibility tool.

Premier Select customers pay no interest on the first £500 of their arranged overdraft. Looking to understand the costs of an overdraft of more than £500 over different periods of time? Use our cost calculator. The cost calculator does not reflect the up to £500 interest free arranged overdraft buffer on your account. For a more accurate indication of the monthly cost, input the overdraft you intend to use over and above the first £500.

If you don't pay it back, it could have an impact on your credit score.

How does our overdraft compare?

A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.

Representative example: Effective Annual Rate 0% EAR on arranged overdrafts up to £500, 34.49% EAR (variable) above £500. Representative 20.1% APR (variable). Assumed credit limit: £1200.

The Current Account Switch Service will do all the work when it comes to switching, moving everything across for your old account all within 7 working days, including Direct Debits and standing orders.

Make the most of our Switch & Save offer

Offer available to new or existing customers who do not hold a Royal Bank current account or savings account as of 18 November 2025.

Switch your current account held elsewhere into an eligible account using the Current Account Switch Service by 6 January, and you could unlock our Limited Edition Saver account which offers fixed bonus interest rates on balances over £50,000.

Switch to us

Apply for an eligible Premier Select or Premier Reward account and request to switch your bank account to us using the Current Account Switch Service by 6 January.
Your switch to us must be completed by 21 January 2026.

Switch complete: Wait to receive the offer email from us

Once your switch to us is complete, we'll send you an email with a link to open a Limited Edition Saver account. This will arrive between 02 December 2025 and 21 January 2026.
You'll have until 23 January 2026 to apply for a Limited Edition Saver via our mobile app.

You’re all set

Once you've opened your Limited Edition Saver and funded your account, you'll immediately start benefiting from the interest rates.

See our Limited Edition Saver account for more information.

Premier and specific account eligibility criteria and conditions apply. Monthly account fees may apply. Offer T&Cs and restrictions apply. Offer can be withdrawn or amended at any time due to limited availability. If you previously held a Royal Bank current account or savings account, you may still qualify, provided you did not hold one as of 18 November 2025. You are not eligible for this offer if you're switching a current account from NatWest Group (NatWest or Ulster Bank NI). Joint accounts are not eligible for this offer.

Switch offer T&Cs (PDF, 58 KB)

Limited Edition Saver information sheet (PDF, 100 KB)

Current Account Switch Guarantee (PDF, 39 KB)

A Guide to Switching Current Accounts (PDF, 3 MB)

Third Party Permissions

If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.

Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.

Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.

If you are unsure whether we will support the Third Party Provider permissions on your account, you can contact us for further information and support.

Please check our account terms and conditions for more information about Third Party Providers.

Switch & Save offer - Limited Edition Saver interest rates

Switch & Save with Royal Bank and benefit from a 12 month fixed bonus on balances between £50,000 and £3,000,000 with full access to your funds anytime.

Interest rates

AER / Gross p.a. (variable)
Interest paid monthly.

4.00% / 3.93% - Balances between £100k - £3m (includes 2.25% / 2.23% (fixed) 12 month bonus)
3.25% / 3.20% - Balances between £50k - £99,999 (includes 1.50% / 1.49% (fixed) 12 month bonus)
1.06% / 1.05% on balances up to £49,999

Important information

Please take some time to review, print and/or save the important information.

Your Current Account Terms (PDF, 258 KB)

Financial Services Compensation Scheme Information Sheet (PDF, 75 KB)

Fee Information Document (PDF, 2 MB)

What You Need Know (PDF, 64 KB)

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.

By continuing you're confirming you've been provided with, and have acknowledged our important documents, including the FSCS information sheet.

All okay?

Apply for a bank account online today.

To speed up your application for our Premier Select account, we need to do a few final checks with you. They'll only take a minute.

Continue

What would you like to do today?

Open a new sole Premier Select account

Open a new joint Premier Select account

Change my existing current account to a Premier Select account

Switch a current account held elsewhere to my Royal Bank account

Continue

Previous question

You're all set

We'll open up the application form in your phone's web browser

It will be pre-populated with your details, so won't take long to complete.

If you’re an existing customer, we’ve made some changes when opening a Premier Select account.

As a summary:

The ‘Start your application’ button directs you to a ‘Select account’ application page and you must meet one of the following criteria:

Minimum £100k sole income or £120k joint income paid into your NatWest account.
£500k minimum mortgage borrowing with us.
Minimum £100k savings or investments held with us.

Here's what to do next

We’ve made a few changes to how we open joint bank accounts.

The button below takes you to a dedicated page explaining exactly what you need to open your account.

As a summary:

You create a joint account by adding the second applicant to an existing account
You can either add the second applicant to an existing account, or if you’d like a completely new account, one of you can open a new account and then add the second applicant once it’s open.

See our joint account webpage

Get started

Head back to your mobile app home screen.
Select the account you wish to change.
Once selected, go to ‘Change my account type’ to find options for changing.

If you're a non-UK resident, once your account has changed to a Premier Select, you'll be unable to upgrade to any Reward accounts.

You will need the most up to date version of the app, to make changes to your account.

Get started

Head back to your mobile app home screen.
Select the account you wish to switch into.
Once selected, choose the ‘Switch my account’ option to apply.

You will need the most up to date version of the app, to make changes to your account.

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