Natwest E-ISA Interest Rate

swimboy1

I note that last month's interest on my Natwest ISA was less than the previous month's :mad: (I have not withdrawn anything) and each month is a full month at the same amount invested plus interest.

Obv the interest should be slightly more than last month's ...

One some many comparison tables found on the net (money.co.uk I think), under the details for the E-ISA, says interest rate fixed until July '09 but I cannot find this info on the main natwest's web site.

Have any other E-ISA holders noticed a drop in interest rate... time to jump ship (again)?

Richard

financial_illiterate

My interest received last month was the princely sum of 46p more than the previous month.

The website still states the same rate as they have done the last time it was changed (May 15th), which 3.25%/3.51% for accounts that were open prior to then, and 2.25%/2.50% for accounts opened after.

swimboy1

Thanks - I rang them and finally after 3 call transfers got hold of someone could explain the differences.

June's interest payment of £86.xx was for a 32 day period whilst July's of £83.xx was for a 31 day period.



Sorted and rate remains the same at 3.51% :j:T

ninja-lewis

For reference, the current rates (and the previous rate on another page) of all Natwest saving accounts are listed on this page.

oldfella

Natwest interest runs to the last business day of the month.

malik999

My natwest isa interest on £3600

30 Jun 2009 Interest £10.91
31 Jul 2009 Interest £10.60