natwest isa 7.32%

anna42hmr

as the web site states: "The bonus interest will be paid monthly along with the standard interest payment. " does any one knows if this mean that they will pay the two lots of interest (basic plus the bonus, in my case 2%) in one lump or will they pay them individually on the same day??

masonic

anna42hmr wrote: »

as the web site states: "The bonus interest will be paid monthly along with the standard interest payment. " does any one knows if this mean that they will pay the two lots of interest (basic plus the bonus, in my case 2%) in one lump or will they pay them individually on the same day??

I got my first months interest as a single payment.

anna42hmr

masonic wrote: »

I got my first months interest as a single payment.

thanks for the reply

anna42hmr

do you know what time the interest is applied, is it the end of the day on the last working day or the beggining, all my others add it overnight so it shows up first thing on the day it should be paid, but checked natwest isa just and no interest paid yet and todays the last working day of the month

southern76

You'll see the interest on NatWest accounts tomorrow (Saturday) but dated 1st Dec 08 (Monday)

anna42hmr

thanks, i have just checked it, it is showing up now, but has yesterdays date, it must have been updated over last night as when i looked at 7pm last night was not showing then either

mar7t1n

Natwest had a complaint letter from me 3 weeks ago, but their strategy seems to be to ignore customers. The interest for November has now been added and it seems it gets worse. Transfer from The Abbey was deposited 7 days after they said they'd sent it and started earning interest 2 days later. Yes nice little earner but we'll let you off that one.

Money from The Coventry Building Society, deposited a month after they said they'd sent it, and now from my calculation it seems that this didn't start earning interest until 7 days later!

They sent a cheque, it got delayed in the post - rubbish!!!!! You want my money, give me the interest I'm due.

COME ON NATWEST - PLAY FAIR!

Simstwins

Just to let you all know, Natwest have reduced all their savings rates this morning, by almost the same as the base rate drop last month. Bear this in mind for all future interest calculations. If it wasn't for the bonus my money would be leaving pretty sharpish

bluebell_lily

Simstwins wrote: »

Just to let you all know, Natwest have reduced all their savings rates this morning, by almost the same as the base rate drop last month. Bear this in mind for all future interest calculations.

Does anyone have the Natwest ISA phone number please?


I have checked my interest and do not think it is correct. Also, does anyone have the rates for November 2008 before NatWest dropped their rates today, and in October 2008 (after they dropped the rates)?

For your information, these are the rates for September and some point in October 2008 :

(assuming you made the transfer before a certain date in November 2008) :

If you invest: Gross inc Bonus AER inc Bonus
£27,000+ 7.13% 7.32%
£18,000-£26,999 6.98% 7.16%
£9,000-£17,999 6.70% 6.87%
£1-£8,999 6.51% 6.67%

I'm sure they dropped it by 0.5% sometime, but don't have the exact figures to hand. Last time I checked during the middle of October 2008, the rates were still advertised as above, so if an exact date of the drop in rates could be provided, this may help in providing an accurate estimate of the interest earned.

bluebell_lily

NatWest ISA Rates:

Last updated on: 1 Dec 2008. Including 2% bonus


BalanceAER
(variable)Gross RateNet Rate£27,000+5.33%5.20%N/A£18,000 - £26,9995.18%5.06%N/A£9,000 - £17,9994.87%4.76%N/A£1 - £8,9994.66%4.56%N/A

Interest paid monthly.
For customers who applied to transfer from 18 September 2008 until 9 November 2008.