Natwest/RBS 2.85% esaver

cathh70

Milarky wrote: »

You can give accounts names - I have an 'Old E Savings' and a 'New E Savings' when logging in.

I've done that too ...:)

innovate

Rollinghome wrote: »

This document says it's instant access by internet only: http://www.natwest.com/downloads/personal/savings/e-Savings-bonus.pdf

That's not for the 2.85% e-saver though?

eviekins

cathh70 wrote: »

I've done that too ...:)

Yep. Me too!

DingerUK

Hi I just opened an esaver account as it looks like it will give a better rate of interest than my EISA account, the difference being that the ISA is tax free, is there any calculator online that I can use to do a comparison on which will work hardest for me? and how do I pay the tax owed?

alanq

innovate wrote: »

That's not for the 2.85% e-saver though?

Yes it is! Read beyond the headline. 1.81% Bonus giving an AER of 2.85%

innovate

DingerUK wrote: »

Hi I just opened an esaver account as it looks like it will give a better rate of interest than my EISA account, the difference being that the ISA is tax free, is there any calculator online that I can use to do a comparison on which will work hardest for me? and how do I pay the tax owed?

Assuming you are a basic rate tax payer, the Natwest esaver will only net you 2.28% interest. Natwest will automatically withhold 20% of the interest for tax purposes (standard procedure for all non-ISA accounts that pay interest).

ISAs pay the full rate without deductions.

If you have an ISA that pays less than 2.28%, you should consider finding a new provider and asking them to transfer your ISA. Current best ISA list is here, and you should easily get 3% on instant access, or 3.25% on a 60-day notice account.

gocat

;Agggh am away on holiday and trying to set up new esaver on my samsung galaxy but cant seem to get past the submit application. Can fill in all the details.
Anyone have luck getting a new account using android. If not will have to wait till I get home and the offer could have finnised by then

ScarletBea

Well, too late for me, I'd opened the Halifax 2.8% at the end of last month and transferred all my instant access money there...

Rollinghome

innovate wrote: »

That's not for the 2.85% e-saver though?

It is. 1.81% gross bonus plus 1% gross basic rate gives 2.81% gross which with interest paid monthly gives 2.85% AER.

But you also asked about "unlimited withdrawals". Read what I said in the previous post on that.

myth123

Once activated, how long does it take for the e-saver to become viewable on online banking? (Natwest)