NatWest Two-Year Fixed-Rate Bond among changes

www.moneynews.co.uk > Banking > NatWest Two-Year Fixed-Rate Bond among changes

NatWest Two-Year Fixed-Rate Bond among changes

Wed 10th May 2006

The NatWest Two-Year Fixed-Rate Bond is among the offers to have received a 0.3 per cent rate increase today, now carrying an annual rate of 4.65 per cent.

Annual interest rates on the Five-Year Fixed-Rate package and growth rates on the Children's Bond option have been increased to 4.75 per cent.

Growth levels on the one and two-year Community Bond have been adjusted to 4.6 and 4.7 per cent respectively.

The Community Bond has a minimum investment of £500, the Children's Bond has a minimum level of £1,000 and the NatWest Two-Year Fixed-Rate Bond and other fixed-rate packages require a minimum investment level of £5,000.

Fixed-rate options offer the choice to receive interest monthly, annually or at the time the package reaches maturity.

Helen Page, marketing director of retail brands for NatWest, said: "We believe that our NatWest savings range suits the varying needs of our customers and for our customers who are looking to put their money away for longer with a guaranteed interest rate, this is a good, competitive option."

The new rates on all of the NatWest savings products will pertain to customers who apply for a bond from May 8th onwards.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : NatWest
	NatWest high interest savings account 'straightforward'
	NatWest encourages students looking for debt relief to budget
	Savings accounts provider RBS 'moving in the right direction'
	NatWest and RBS Platinum credit card 'even more competitive'
	RBS business finance events 'aiming to encourage growth'
	NatWest general finance advice offered to businesses
	New NatWest and RBS mortgages available at up to 60% LTV
	New NatWest and RBS fixed-rate bonds offer up to 3.5 per cent interest
	NatWest and RBS banking customers 'poised to see changes'
	NatWest and RBS 'aim to help businesses plan for the future'