NatWest offers ‘tempting’ 3% interest on savings plus £150 cash | Personal finance | Finance

The attractive offer is aimed at new customers who switch their bank account to their current account. Additionally, 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 might be tempted by NatWest’s Digital Regular Saver account offering 3% interest.

To benefit from this attractive interest rate, people will need to be able to regularly commit to saving between £1 and £50 per month.

Savers can adjust their standing order at any time, but the maximum they can save each month is £50.

However, once someone has saved £1,000, the interest rate will drop to 0.01%.

READ MORE: NS&I Premium Bonds: Are They Worth Buying?

The Round Up tool helps customers save change from everyday purchases by transferring it to their savings account.

It can help people save more without even thinking about it.

When it comes to determining which is the best savings account, there is no one size fits all.

Virgin Money currently offers a higher savings rate of 5.02% on the first £1,000 saved, but a lower cash switching incentive of £100.

Things to consider when changing banks:

  • Interest rate
  • Tax-exempt incentives offered by an ISA
  • Notice period for withdrawal of funds
  • How is interest paid – daily, monthly or annually
  • What benefits come with the account
  • What are the minimum deposits?

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