NatWest savings accounts launched

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NatWest savings accounts launched

Mon 22nd Sep 2008

A new range of savings products has been launched by NatWest.

The new selection includes a cash ISA, a bond and a bonus for anyone opening an E-Savings account online.

The latest Natwest cash ISA enables customers wanting to transfer their cash ISA to NatWest to get a two per cent bonus for 12 months.

Anyone who already has an ISA with NatWest, as well as cash ISAs with other providers, can transfer them to NatWest to receive the new rates.

These include a 7.13 per cent gross rate including the bonus for ISAs worth £27,000 or more.

In addition, there is a two-year fixed-rate bond paying 6.6 per cent AER, with a choice of receiving the interest monthly, annually or at the end of the term.

Finally, anyone opening the internet-based E-Savings account will get a bonus rate for a year of 6.31 per cent gross, including the bonus.

NatWest recently announced cuts to the rates on its fixed-rate and tracker mortgage deals.

Andy Fell, director of branch mortgages, said there was a "continued commitment to helping borrowers".

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