NatWest has unveiled a new account with a market-leading 3% interest rate to help customers kick-start a savings habit. It helps you compare the rates on different savings products. The Digital Regular Saver is designed for those starting […] NatWest has unveiled a new, market-leading 3% interest rate account designed to help clients with little or no savings.Customers can place between £ 1 and £ 50 per month in the digital regular savings account and will need to set up a standing order when opening the account. Customers can put between £1 to £50 per month into the Digital Regular Saver account and will need to set up a standing order at account opening. They offer businesses two savings accounts that are a notice account and a fixed rate account that they state are designed to suit business needs. The main drawback is that you won’t have easy access to your money – but if that’s okay with you, read more here and find a fixed rate savings account that suits you. If you’ve got a lump sum you’re happy to lock away for a while, a fixed-rate bond will offer you a simple, low-maintenance option with reasonably good interest. Published: 07:53 EST, 24 October 2012 | Updated: 09:36 EST, 26 October 2012 1to 5 year saving accounts and fixed term bonds can be applied for. Interest is paid on the first £1,000 held in the account, and withdrawals are unlimited. Remember though: you can’t top up the balance of a fixed rate bond. NatWest has launched a new savings account with a 3% interest rate designed to help customers with little or no savings. You can have access to your money when you need it and manage your account online, phone or in-branch. NatWest customers can access 3 percent interest rate via savings account – rules explained The bank launched its Digital Regular Saver this year. (variable) on the first £1000 saved with interest being paid monthly. NatWest will now offer a new savings account with a 3% interest rate to help those with little or no savings. Other Instant Access Accounts: If you have an existing balance in the account, please transfer it out, or tell us which of your NatWest accounts you want the balance to be moved into using the fields below. We can give you access the UK’s top high interest savings account. Amounts above this attract 0.01%. The Digital Regular Saver account offers a market leading interest rate of 3% (3% Gross/3.04% AER p.a. NatWest offers a wide range of short and long term savings accounts, ranging from fixed rate bonds and cash ISAs to children’s savings and flexible easy access accounts. Some of the savings accounts that pay the best rates (such as regular savings accounts) only pay interest upon maturity, so there isn’t any compound interest involved. You do not get charged for withdrawing your money and you can have an optional debit card to obtain money at cash machines displaying the logo shown on your card. By Jess Sheldon PUBLISHED: 15:57, Tue, Nov 10, 2020 Higher tier returns 2.1% to 3.7% fixed. Fixed rate savings accounts. Download Fixed Deposit Interest Amount Calculation Click here to view historical Fixed Deposit rates since 2007 Disclaimer: The interest rates are fixed at the Bank's discretion and are subject to … Should the balance exceed this total, the amount over the threshold is subject earns interest at a rate of 0.01 percent. Premium Saver rewards customers with 1.00% AER every month they do not withdraw (on balances of £50,000 - £1m, different interest rates apply outside of this). But it's still just about possible to earn 3% interest on savings tax-free. The Bank of England monetary policy on economic issues such as inflation has a large impact on the interest rates NatWest sets for their bonds. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone … APPLY FROM … NatWest Regular Saver, 3.04% AER: this is for NatWest current account customers, and to secure this interest rate, you must pay in between £1 and £50 per month by standing order. Key takeaway: NatWest stated that after lockdown more than 400,000 of their customers had grown their savings to more than £100 for the first time. Bucking trends that have slashed savings rates close to zero, NatWest and RBS have launched a new regular saver paying a market-leading 3% interest. The Digital Regular Saver allows NatWest Current Account customers to earn a market-leading 3% gross on up to £1,000. Improve building your financial future with high interest savings accounts. But you can’t move all your savings over. If you’re setting aside money for a special occasion, or just want a guaranteed interest rate, a fixed rate savings account might be the answer. AER (Annual Equivalent Rate) shows what the interest rate/expected profit rate would be if it was paid and compounded once each year. Natwest is also halving the rate on its Help to Buy ISA. The new account is designed to help customers with little or no savings develop a savings habit. NS&I has several savings products that pay better rates than Natwest. Unlike competitor accounts, Savings Builder offers full flexibility allowing withdrawals and doesn’t have a set limited time frame for when accounts will mature and close. Surprisingly, some banks' current accounts pay a higher rate of interest than their savings accounts, though you tend to only get interest on the first £3,000 or so. Savings with the account currently earn 2% interest on all balances over £1. This will reduce to 1% from 18 August. 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