NatWest is offering ‘tempting’ 3% interest on savings plus £150 in cash | Personal Finance | Finance
The tempting offer is available to new customers who switch their bank account to its current account. In addition, savers will also receive up to three percent if they open a Digital Regular Saver.
Britons looking for a better interest rate on their savings could be tempted by NatWest’s Digital Regular Saver account offering three percent interest.
To qualify for this attractive interest rate, people will need to be able to regularly commit to saving between £1 and £50 each month.
Savers can adjust their standing order at any point but the maximum they can save every month is £50.
However, once someone has saved £1,000 the interest rate will drop to 0.01 percent.
READ MORE: NS&I Premium bonds: Are they worth buying?
The Round Up tool helps customers save their spare change from everyday purchases by moving it into their savings account.
It can help people save more without even thinking about it.
When it comes to working out which is the best savings account, there’s no one-size-fits-all solution.
Virgin Money is currently offering a higher savings rate of 5.02 percent on the first £1,000 saved but a lower cash switching incentive of £100.
What to consider when switching banks:
- Interest rates
- Tax free incentives offered by an ISA
- Notice period for withdrawing funds
- How is interest paid – daily, monthly or annually
- What benefits come with the account
- What are the minimum deposits?
