Natwest/RBS 2.85% esaver

moneypennie_2

Having read the recent posts I checked my e-savings a/c. I have a letter from NatWest, dated Oct 11, stating they will pay me the extra 1.85% fixed (so gross 2.85%) until "28 February 2013".

home_alone

Just finished moving my cash to NR bar £1 looking around now for a better cash ISA deal then that will go as well.

Sauveur

Just opened a BM account. Had no offer of a better rate from Natwest

nilrem_2

I wonder how much cash has been moved out of Natwest in the last few days? :eek:

tsmiggy

Mines gone from Nat West also,no new offers from them,despite me phoning them,so my vote goes to Virgin Money lol

cv65user

when does this end please . i need to sticky it in my calender. the new santander looks tasty .

Santander: Easy access 3.1% AER
Unlimited withdrawals. Min £1 deposit
Rate: 3.1% AER variable inc 2.6% bonusMin deposit: £1Max deposit: £2 millionAccess: OnlineInterest paid: Annually or monthlyWithdrawal restrictions: Good. Unlimited withdrawals


edit oops just saw i opened my account in sept 2010 so it would have finished in sept 2011? but i can still see im earning £100 interest a month? - last interest payment was a single payment labelled as NET of just under £100 on the 31 jan rather then two single payments (previously was split as net + bonus) ,so will mine end in sept 2012 or did it end early or something i cant remember,

Netherless i can still make the jump to santander if its giving 3.1% over natwests 2.85?

cv65user

ScarletBea wrote: »

The bonus has always been paid monthly, you must see 2 entries for interest each month, one corresponding to the regular interest and another for the bonus.
What you see now is just the amount since the last monthly payment...

i was seeing to payments of INT +NET totalling 100 ish between 2010- 2011

my last two payments on 30 dec and 31 jan shows a one payment of 100ish.

has mine been extended? as i checked my first online statement for my account and it shows i first paid in on the 5 Oct 2010 ?

nilrem_2

cv65user wrote: »

has mine been extended? as i checked my first online statement for my account and it shows i first paid in on the 5 Oct 2010 ?

The extension seems to have been random and not based on any criterion such as amount involved or when the account opened.

Many of us received a letter around Oct 2011 advising that the bonus was extended but only until Feb 14th 2012, the message also appeared in the message box when logging in to on-line banking.

The only way you can know whether yours is extended or not is to give them a call and ask.

cv65user

FYI i have just opened the santander 3.10 e saver. i understand the customer service issues in the past and cannot assume its all changed but lets just say as with all bankks a bad experience is always voiced over satisfied service.

i have now got a 3.10 santander e saver as a back up account just in case natwest does not honour the 2.85. if santander messes up for what ever reason i can always just go online and transfer it all back out to virgin money.

alanq

cv65user wrote: »

i was seeing to payments of INT +NET totalling 100 ish between 2010- 2011

my last two payments on 30 dec and 31 jan shows a one payment of 100ish.

As has been mentioned previously by members everyone's statements now show a single entry regardless of whether a bonus is being paid or not.

cv65user wrote: »

has mine been extended?

£100pm net = £125 pm gross = £1500 pa gross
That is what you would earn if you have £150,000 in the account earning 1%. If your actual balance is nearer £50,000 then you have been getting a bonus.

P.S. The NatWest site says the account (without bonus) pays 1% gross and 1% AER. Those figures cannot both be correct for an account paying monthly interest.