NatWest high interest savings account 'straightforward'

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NatWest high interest savings account 'straightforward'

Tue 28th Sep 2010

The simplicity of a new savings proposition from NatWest has been lauded by a source from the firm.

Phil Sheehy, head of savings at the company, described how the "straightforward" style of the E-savings account is part of the organisation's Helpful Banking pledge.

He said: "This new offer gives a market-leading rate without the restrictions often associated with a high interest rate."

The NatWest E-savings account offers 2.85 per cent interest for the first 12 months, including a bonus of 1.85 per cent.

After a year, the return drops to one per cent.

Mr Sheehy also pointed out that people can use the NatWest Savings Goal system with the product, in order to help them put aside cash for whichever item they want to save for.

Last month, the same organisation published a report on expats, finding that nine out of ten retired individuals living overseas own their home outright and are in a stable financial position.

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