New tier available on NatWest Mini Cash ISA

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New tier available on NatWest Mini Cash ISA

The NatWest Mini Cash ISA has been altered today with the addition of a new five per cent tier.

Available for balances of £25,000 and above, the new facility will pay a five per cent annual equivalent interest rate.

NatWest has claimed that customers wishing to switch to this deal from their current savings account can do so through the bank's "hassle-free" ISA transfer service.

A Guaranteed Capital Bond, which offers returns linked to FTSE 100 Performance, was also introduced as the company announced new offers at the same time as launching a promotional offer.

Customers opening savings or investment products with the bank up until April 14th will be entered into a free prize draw and have the chance to win between £100 and £10,000.

More than 100 winners will be chosen from the prize draw, which could see the lucky ones also receive a limited edition golden NatWest Woody pig, an item which, according to Helen Page, the bank's marketing director, is "historically the face of NatWest savings".

Ms Page went on to say: "We are also pleased to be able to introduce the new five per cent tier on one of our most popular products, strengthening the account's position as one of the best on the market."

NatWest is the second largest bank by market capitalisation in the UK and is owned by Royal Bank of Scotland.

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