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    • onebag
    • By onebag 7th Feb 18, 1:11 PM
    • 3Posts
    • 0Thanks
    onebag
    Savings Builder or similar
    • #1
    • 7th Feb 18, 1:11 PM
    Savings Builder or similar 7th Feb 18 at 1:11 PM
    I have a savings builder account with Natwest, this allows me instant access to the savings which suits me as a car/mortgage is imminent. I get 1% for the first £5k, 0.5% for the second and 0.2% on anything over £10k and I only have to pay £50/month in. The account totals £21k so I think I could be using the excess over £10k more effectively.
    I would like to keep access to it and am happy to pay in every month but can't seem to find any similar products. Any ideas please?
Page 1
    • Kim_13
    • By Kim_13 7th Feb 18, 1:35 PM
    • 1,902 Posts
    • 2,022 Thanks
    Kim_13
    • #2
    • 7th Feb 18, 1:35 PM
    • #2
    • 7th Feb 18, 1:35 PM
    The Natwest Savings Builder is £100 per month pay in until 3 April 2018 to get the bonus rate.

    Have you exhausted all the Regular Savers? There is a section on open to all accounts if you don't want to open new current accounts and some local building societies also offer competitive Regular Savers. See the MSE guide here: https://www.moneysavingexpert.com/savings/best-regular-savings-accounts
    Sealed Pot 11 #520 ~ /£100
    VSP 2018 #9 ~ £19.55/£180.00
    CCCC 2018 #1 ~ £20.75/£180.00

    I'm a Board Guide on the Savings and Investments , Budgeting and Bank Accounts , Credit Cards and Marriage, Relationships and Families boards which means I volunteer to help get your forum questions answered and keep the forum running smoothly. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this.) Any views are mine and not the official line of MoneySavingExpert.com
    • onebag
    • By onebag 7th Feb 18, 1:50 PM
    • 3 Posts
    • 0 Thanks
    onebag
    • #3
    • 7th Feb 18, 1:50 PM
    • #3
    • 7th Feb 18, 1:50 PM
    Thanks Kim_13, The terms are changing on my Natwest account (reducing the min payment to £50, so I could pay into others to get better interest) hence it has alerted me into looking at a more efficient use of it.


    I've seen the guides and have made a few tentative enquiries but was hoping for an easy answer.
    • alanq
    • By alanq 7th Feb 18, 1:56 PM
    • 3,935 Posts
    • 2,550 Thanks
    alanq
    • #4
    • 7th Feb 18, 1:56 PM
    • #4
    • 7th Feb 18, 1:56 PM
    I get 1% for the first £5k, 0.5% for the second and 0.2% on anything over £10k and I only have to pay £50/month in.
    Originally posted by onebag
    The account pays 1.5% on first £5k, 1.0% for the second.
    https://personal.natwest.com/personal/savings/savings-builder.html
    Last edited by alanq; 07-02-2018 at 1:58 PM.
    • onebag
    • By onebag 8th Feb 18, 6:24 AM
    • 3 Posts
    • 0 Thanks
    onebag
    • #5
    • 8th Feb 18, 6:24 AM
    • #5
    • 8th Feb 18, 6:24 AM
    ok, I made a mistake. Not sure how helpful this is??
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