Natwest £50 savings cashback loophole

downs523

so thats 50 quid + 22.36= 72.36 from natwest??

i have a a&l acc paying 6.50, think its 5.05 net interest
would i be better off putting 100 a month in there or natwest?

YorkshireBoy

downs523 wrote: »

i have a a&l acc paying 6.50, think its 5.05 net interest
would i be better off putting 100 a month in there or natwest?

You'd do both wouldn't you?

The £100 doesn't have to stay in NatWest, so standing order from wherever to NatWest and then transfer it straight back out to A&L.

downs523

thinking of transfering from my current account and keeping it in there to be safe. untill i ring natwest at 10am to confirm

say i did which is better off?

YorkshireBoy

downs523 wrote: »

thinking of transfering from my current account and keeping it in there to be safe. untill i ring natwest at 10am to confirm

say i did which is better off?

See my earlier formula post and replace 4.3% with 6.50%.

Have you read the first post in this thread?

downs523

cheers mate

downs523

just got off the phone to natwest who said no withdrawals are allowed during the 12 months.
i told them it doesnt say that in the terms and conditions, but still they said no, she went to ask the manager.

got given this nember to ring 0800616848 please can people try and ask them if we can withdraw or not. would be interesting to see what others get.


0800616848

Strapped

From the T&C:

22.10 Withdrawals from your account can be made:
(a) by ... or
(b) by third party mandate to any other UK bank account.


Why don't people read the terms and conditions?

It doesn't matter what some random bod on the end of a phone says.

downs523

where are these terms and conditions? are they just the account terms and conditions or the offer terms and conditions because the offer ones doesnt say that

Strapped

They are the account t&c. The offer t&c do not refer to withdrawals.

If the offer t&c's do not explicitly change the a/c t&c (which they do not - they simply make additional stipulations about the number/frequency/amount of standing orders) then there isn't an issue.

downs523

seems dodgy to me as various ppl have rung and been told its not allowed, think ill just keep the cash in there, still be better off than in a top paying account