Natwest/RBS 2.85% esaver

nilrem_2

SnowMan wrote: »

nilrem was asking about the gross rate.

They should have said that the variable rate (including a fixed bonus of 1.85% pa until 14/2/2012) was 2.85% pa gross until 14/2/2012 and 1% pa gross after 15/2/2012. I think most people would have understood that and that describes what is happening.

Now that makes sense and I hope that is the true picture.

I found the letter most confusing especially considering Nat-west's past record on quoting rates!

From their letter I was wondering where to move the money to, now at least I have a little more time before finding a new home for the cash.

I wager that their are quite a few people who don't read this forum who are looking at this letter feeling confused by it's contents!

badger09

I too have received the letter extending my bonus to 14 the February but have already moved most of my money elsewhere

Has anyone managed to close the account by phone, or is the only way to write to the Freepost address?

Is anyone keeping the account open in the hope of a better rate in the near future? I'm inclined to close mine so I have one fewer set of security details to memorise but don't want to miss out. I don't have any other accounts with Natwest/RBS.

alanq

I closed mine in branch. It took a while and closing balance was paid by cheque in the post so don't close the account while it still holds a significant balance.

badger09

alanq wrote: »

I closed mine in branch. It took a while and closing balance was paid by cheque in the post so don't close the account while it still holds a significant balance.

Thanks for the quick reply. Can't easily get to a branch but cheque in the post isn't problem - less than £10 left in it :rotfl:

cathh70

Ok now I am confused. I've had an E saver account since sept 2010, first bonus earned oct 2010. Got the extra 12 months bonus letter a month ago.

For the first year, the bonus interest was always more than the basic (as expected), however the oct 2011 basic interest is higher than the bonus interest. Anyone else noticed this with their account?

eviekins

My bonus is still about double the amount of the interest Cath x

cathh70

29/07/2011 int '29jul net 0.54
29/07/2011 int 'bonus 1.01
31/08/2011 int '31aug net 0.69
31/08/2011 int 'bonus 1.27
30/09/2011 int '30sep net 0.63
30/09/2011 int 'bonus 1.16
31/10/2011 int '31oct net 1.06
31/10/2011 int 'bonus 0.52

gocat

Also got double the interest Cath for the bonus.

Surprised u got a extra 12 months bonus letter a month ago. I only got one extending the interest till Feb 2012.

RetiredInThailand

My October bonus was also about double the interest payment, as usual.

My bonus is extended to Feb 2012.

daveconfused

Help please !!! Anyone closed one of these accounts recently ? If so how did you do it ?
I have just read terms and conditions it says write to a Freepost address in Holbeck.
Rang Nat West and told to go into my local branch with a letter request.
Rang local Nat West branch who say its an eSaver they can't deal with it
Rang Nat West again and this time told to write to Customer Services in Bolton.
This account has been frought with problems from start to finish.
I just Want MY Money back