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Natwest esaver extended bonus

My 2.1% bonus comes to and end at the end of this month,
Received a letter offering to give me a 1.4% bonus for an extended period of 16 months. That sounds like 16 months from 1 Oct this year.

They even sent a freepost envelope.

Doesn't seem like a standard offer on their website and couldn't see anything about this searching this forum. Just wondered if anyone else had received different offers.

Anyway it's 2.4% which will be enough to stop me moving the money away at the moment.
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Comments

  • I received the letter as well.

    In a market where you can get around 3 to 3.3 % I think it's a bad offer and I will be moving my money away when the bonus finishes.
  • I have accepted the offer but will be moving my money into my 3.25% egg account before the end of the month.
  • nrsql
    nrsql Posts: 1,919 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    matthew74 wrote: »
    I have accepted the offer but will be moving my money into my 3.25% egg account before the end of the month.

    Egg is 3.25%?
    just looked - 12 month bonus.
    I have an account already - can I open another one and add money to it and get the bonus?
    Might as well - suspect I've ignored this because it's not that much more than the more convenient (for me) natwest account.

    I'm sure I could search for this but thought I'd ask.
  • ScarletBea
    ScarletBea Posts: 2,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Oh, I was wondering when my bonus on natwest would end - guess it's another month because I still haven't received anything.
    Being brave is going after your dreams head on
  • nrsql wrote: »
    My 2.1% bonus comes to and end at the end of this month,
    Received a letter offering to give me a 1.4% bonus for an extended period of 16 months. That sounds like 16 months from 1 Oct this year.

    They even sent a freepost envelope.

    Doesn't seem like a standard offer on their website and couldn't see anything about this searching this forum. Just wondered if anyone else had received different offers.

    Anyway it's 2.4% which will be enough to stop me moving the money away at the moment.

    I won't be taking up the offer. My original 2.1% bonus was due to run until the end of November but if I took up this offer the bonus rate would drop to 1.4% on 1st October, that's 2 months earlier.
  • Yes you will lose 2 months of the better bonus, but I think it is a handy fall back account with the 1.4% bonus for 16 months.
  • david78
    david78 Posts: 1,654 Forumite
    My bonus ends too, but I have had no letter. Perhaps its because I only have a few pounds in the account. I am expecting some cash soon, which I will put in the account. Hope I get a letter!!
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    ScarletBea wrote: »
    Oh, I was wondering when my bonus on natwest would end - guess it's another month because I still haven't received anything.
    The offer is only for randomly selected customers so if you do not have any letter by now it is likely you have not been selected. Sorry!
    Kavanne
    Nuns! Nuns! Reverse!

    'I do my job, do you do yours?'

  • agsnu
    agsnu Posts: 1,457 Forumite
    Kavanne wrote: »
    The offer is only for randomly selected customers so if you do not have any letter by now it is likely you have not been selected. Sorry!

    Randomly selected? Sounds like a stupid way of doing things.
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    agsnu wrote: »
    Randomly selected? Sounds like a stupid way of doing things.
    You can complain if you want but I personally have yet to find out if they'll honor the offer for anyone except those who have received letters.
    Kavanne
    Nuns! Nuns! Reverse!

    'I do my job, do you do yours?'

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