natwest isa 7.32%

BristolVR

sweepnsoo wrote: »

...so I should have a full month of bonus then). Mmm

It's only relevant if you deposited some additional money prior to the transfer happening, though.

When they say "We apply the bonus from...", they more accurately mean "We apply the bonus *rate* from...".

Whatever the applicable rate is, you do actually need a balance for it to be applied to, in order to rack up any interest.

You won't get any interest accrual for a day where there was no money in the account!

Sorry if I'm misinterpreting your interpretation! Did you try the computation, by the way?

masonic

sweepnsoo wrote: »

...which adds another spanner into the works as our interest should be even higher (my form was in before October 1st so I should have a full month of bonus then). Mmm

So the interest is still too low when you assume you got 18 days interest at the bonus rate?

rosepetal37

BristolVR wrote: »

It's only relevant if you deposited some additional money prior to the transfer happening, though.

When they say "We apply the bonus from...", they more accurately mean "We apply the bonus *rate* from...".

Whatever the applicable rate is, you do actually need a balance for it to be applied to, in order to rack up any interest.

You won't get any interest accrual for a day where there was no money in the account!

Sorry if I'm misinterpreting your interpretation!

Ah, that makes sense

BristolVR wrote: »

Did you try the computation, by the way?

Yes just done it - thanks button ticked. I've lost 5 days interest if the day of deposit was classed as day 1 and my figure is correct to the penny too

Cheers mate

rosepetal37

masonic wrote: »

So the interest is still too low when you assume you got 18 days interest at the bonus rate?

It's OK now as per BristolVR's calculation

ash213

hi guys

i applied for an e-saver and ISA at the same time.

they have only sent me info regarding the opening of the e-saver but now the ISA.

Why is this ? when will i recieve such info regarding the opening of my natwest ISA ?

thanks

tweet

e-saver takes a lot less time to get set up in my experience. I'm still waiting - 2 weeks now- for my ISA cash to arrive online.

YorkshireBoy

EDIT: The information I was given wasn't totally accurate so, and because the website has been updated since I posted (details in the following post), I've deleted my post.

Thanks go to tiptoe_mouse.

tiptoe_mouse

Just to confuse matters further, the following is from http://www.natwest.com/personal/savings/g6/rates.ashx#cashISA
It looks as if you can still qualify for the 2% bonus if you get your transfer request in by the 9th November 2008. The underlying rate cut will apply to everyone, though.

tiptoe

PS Anyone know how to insert a table on this boards? Or even stop it stripping spaces out? The dots took ages!


Cash ISA rates

Excluding bonus

Balance ........... AER(variable) Gross Rate . Net Rate
£27,000+ .......... 4.75% ....... 4.65% ...... N/A
£18,000 - £26,999 . 4.60% ....... 4.51% ...... N/A
£9,000 - £17,999 .. 4.30% ....... 4.22% ...... N/A
£1 - £8,999 ....... 4.09% ....... 4.02% ...... N/A

Last updated on: 3 Nov 2008.

Including 1.76% bonus


Balance ........... AER(variable) Gross Rate . Net Rate
£27,000+ .......... 6.60% ....... 6.41% ...... N/A
£18,000 - £26,999 . 6.45% ....... 6.27% ...... N/A
£9,000 - £17,999 .. 6.15% ....... 5.98% ...... N/A
£1 - £8,999 ....... 5.94% ....... 5.78% ...... N/A


For customers who apply to transfer from 10 November 2008.
Bonus is for customers transferring in Cash ISA funds from another provider (excludes transfers within the RBS Group) and is calculated on the whole balance in the account for 12 months from receipt of the Cash ISA transfer request. Interest is paid tax free and is paid monthly to the account. The bonus interest will be paid monthly along with the standard interest payment.

Offer may be withdrawn at any time

Last updated on: 3 Nov 2008.

Including 2% bonus

Balance ........... AER(variable) Gross Rate . Net Rate
£27,000+ .......... 6.86% ....... 6.65% ...... N/A
£18,000 - £26,999 . 6.71% ....... 6.51% ...... N/A
£9,000 - £17,999 .. 6.40% ....... 6.22% ...... N/A
£1 - £8,999 ....... 6.19% ....... 6.02% ...... N/A

Interest paid monthly.
For customers who applied to transfer from 18 September 2008 until 9 November 2008.
Bonus is for customers transferring in Cash ISA funds from another provider (excludes transfers within the RBS Group) and is calculated on the whole balance in the account for 12 months from receipt of the Cash ISA transfer request. Interest is paid tax free and is paid monthly to the account. The bonus interest will be paid monthly along with the standard interest payment.

Offer may be withdrawn at any time

Last updated on: 3 Nov 2008.

norbie

tiptoe_mouse wrote: »

PS Anyone know how to insert a table on this boards? Or even stop it stripping spaces out? The dots took ages!

You could have screenshotted it, or taken a photo if it's not online.

masonic

tiptoe_mouse wrote: »

PS Anyone know how to insert a table on this boards? Or even stop it stripping spaces out? The dots took ages!

You can wrap [ code ] tags around the text, like this...

[FONT=Courier New]Balance           AER[/FONT][FONT=Courier New](variable)   Gross Rate   Net Rate[/FONT]
[FONT=Courier New]£27,000+              4.75%         4.65%        N/A[/FONT]
[FONT=Courier New]£18,000 - £26,999     4.60%         4.51%        N/A[/FONT]
[FONT=Courier New]£9,000 - £17,999      4.30%         4.22%        N/A[/FONT]
[FONT=Courier New]£1 - £8,999           4.09%         4.02%        N/A[/FONT]