Natwest/RBS 2.85% esaver

lolly5648

buffman wrote: »

I am not sure whether I should simply close the account or leave a minimal balance.

So the questions is to close or to leave nominal balance?

I have left £4 in mine.

iltisman

I noticed the faster payments were a bit slow yesterday perhaps they are a bit busy with the mass exodus.

nilrem_2

iltisman wrote: »

I noticed the faster payments were a bit slow yesterday perhaps they are a bit busy with the mass exodus.

You would think that someone at Natwest would have noticed a lot of cash being moved from esaver accounts and consider whether they have been sensible in killing off the bonus.

I shall leave an amount in mine for quick cash transfers into my Natwest current account, I get zero on the current account so the esaver's 1% is better than that but the bulk of the cash is bound for N/Rock.

G_M

nilrem wrote: »

You would think that someone at Natwest would have noticed a lot of cash being moved from esaver accounts and consider whether they have been sensible in killing off the bonus.

I know we all love knocking bankers these days, but they're not stupid.

They know when a bonus ends/is withdrawn, they will lose a % of their savers. They make calculated decisions based on the savings they make (paying lower interest) against the reserves they lose (closures).

It's a business decision.

Of course they 'notice'.

Devonjem

I called Natwest today asking about this account as I had not received any letters from them and my bonus was to end on 14 Feb. She said she had received numerous similar calls and I was told the bonus would be extended for a year. Given this seems to be opposite to what others on this forum have been told, I asked them to put it in writing - so we shall see...

nilrem_2

Devonjem wrote: »

I called Natwest today asking about this account as I had not received any letters from them and my bonus was to end on 14 Feb. She said she had received numerous similar calls and I was told the bonus would be extended for a year. Given this seems to be opposite to what others on this forum have been told, I asked them to put it in writing - so we shall see...

I can only assume that you were due to have yours extended anyway and you failed to receive a letter or you rang a very special number, I tried very hard to convince them to extend my bonus, I spoke to three departments and the answer was a resounding NO!

home_alone

Just opened my Northern Rock e saver and will start moving money across starting tonight, did a quick transfer with £1 and its gone across. Much easier than the 9 weeks it took to open my nat west e saver. Shall leave £1 in just in case they come to their senses.

zermattbusby

I realise I've left it a bit late now however would appreciate any advise on where to transfer my savings to please? Ideally an online instant access account.

Many thanks

nilrem_2

zermattbusby wrote: »

I realise I've left it a bit late now however would appreciate any advise on where to transfer my savings to please? Ideally an online instant access account.

Many thanks

It's not too late.
Have you considered the Virgin/Nrock account?

http://www.northernrock.co.uk/savings/find/savings-accounts/Virgin_Easy_Access_E_Saver/?utm_source=hpc_VirginEasyAccessESaver

zermattbusby

Many thanks nilrem for the quick reply, that looks ideal, If I apply tomorrow, how long do you think it will take to open the account? (assuming that is, I meet all the correct criteria)