natwest esaver 6.50%

echo

was told on the fone an hour ago that present customers can open an account.i have a current account with them and only 2 weeks ago set up a savings direct account. tomorrow i'll be opening an esave account and transfer the money over

wiseman405

Hi there,
I might sound dumb but these terms and rules are confusing me...

Will i be able to drip feed using this account into one of my regular savers?

Thanks
Tom

Doomcow

thanks brian bullocks, duno where that other info came from either!

wiseman405

arr just read that

is a standing order an electronic transfer??

I'm young dumb and learning

charlieboycat

marksmith99 wrote: »

Just spoken to Natwest who tell me that this is new esave customers only. Even if I open a second esave account now I will not get the bonus added because I already have an account at the lower rate.

Whereas I was told earlier today that as an existing eSavings account customer I could get the bonus rate by opening a new eSavings account.

Yet another example of inconsistent responses from telephone service centres. I wonder which of us was given the right answer.

Doomcow

i think so (?)

if i was to open one of these then i'd be lookin transfer money as and when i like between my acct and the savings acct

echo

set it up last nite and it was sorted by this morning.it gives you 2 options when you sign up-do you just want to open the account or put money in every month.i've just moved my cash from my savings direct account to the e-saver or whatever it's called

del1001

charlieboycat wrote: »

Whereas I was told earlier today that as an existing eSavings account customer I could get the bonus rate by opening a new eSavings account.

Yet another example of inconsistent responses from telephone service centres. I wonder which of us was given the right answer.

Taken from the Natwest FAQ's today -

"I already have an e-savings account. Will I get the bonus?

Only new e-savings accounts opened on or after 19th September qualify for the additional bonus rate. If you have an existing e-saving account you still get to benefit from our great rate of interest of 4.22% Gross / 4.30% AER (variable)."

..which doesn't please me as I opened an esaver six months ago.

Bazzeer

del1001 wrote: »

Taken from the Natwest FAQ's today -

"I already have an e-savings account. Will I get the bonus?

Only new e-savings accounts opened on or after 19th September qualify for the additional bonus rate. If you have an existing e-saving account you still get to benefit from our great rate of interest of 4.22% Gross / 4.30% AER (variable)."

..which doesn't please me as I opened an esaver six months ago.

But you can have more than one account so open another account and get the bonus on your new account ... a nuisance but worth the effort

charlieboycat

Bazzeer wrote: »

But you can have more than one account so open another account and get the bonus on your new account ... a nuisance but worth the effort

But that's the question - will you get the bonus on the new account? I was told you would - but marksmith99 was told he wouldn't. The website refers to "new accounts", not to "new savers" - so prima facie you should get the bonus. But is there I wonder some not very obvious small-print somewhere ....

There's nothing to lose by opening a new eSavings account and switching into it everything in the existing eSaving account, but I'm a bit wary of transferring in substantial funds from elsewhere until I know for certain.