Natwest £50 savings cashback loophole

US4

rail.link wrote: »

I just got the forms in the post after applying online.
They have enclosed a pre-printed SO form to be signed and returned to them.
They will then pass this on to my external bank, presumably; details of which I had entered online when applying.

Did the forms refer to the £50 incentive too, as when clicking through online from the Offer you then have to click a separate apply button for the e-saver ?

latecomer

Sounds like a nice little earner. Application done online. Thats the 3rd savings account I've opened in the last couple of months after finally deciding to do something about the poor interest I was getting at the RBS.

rail.link

No reference to the £50 offer.
The offer is for all savings accounts, though, not just the e-savings.

LongTermLurker

YorkshireBoy wrote: »

Why?

To quote 'natweststaffmember' from an earlier post, the offer T&C's are as "clear as the sky is blue".

Why are people so doubtful?

It's grey :cool:

YorkshireBoy

LongTermLurker wrote: »

It's grey :cool:

But in and amongst the grey clouds are silver linings containing crisp £50 notes.

Milarky

YorkshireBoy wrote: »

But in and amongst the grey clouds are silver linings containing crisp £50 notes.

I would be wary of those 'crisp' £50 notes, YB, IME the only real ones you see these days are carried by builders.

jamesd

caoimhin, you can set up online transfers from e-savings to current account up to 120 days in advance. I already have a 12 month limit standing order and the first three transfers the day before from savings to current account set up.

Day before in my case just because I do keep more than 100 in the savings account. I keep only a penny in the current account and that's just because I don't like to trust whether nearly zero rounds to +0 or -0. Regular bills are paid from a different current account that pays interest. For anything else I just set up a transfer from savings to current before the item hits the current account. Arranged overdraft facility ensures that I won't get charged more than trivial interest amounts if something goes wrong.

PinkPig

MSE_Jenny wrote: »

How to grab the cash

First sign up for a Natwest Savings Direct account (or if you're a Natwest current account holder, an e-Savings account, which pays ever-so-slightly more).

I'm a bit confused by this - where does it say you have to be an account holder to get an e-Savings account? I seem to be able to apply for either of them.

baby_boomer

Is the £50 cashback taxable?

And what about Under 18s? Under 16s?

KTF

Just to confirm. You can put in the £100 then take it out again and repeat for 12 months rather than have to pay in £100 a month and keep it in there for the duration?