Question on natwest e-savings

xyz123

hi

some time back there was a good savings rate available on natwest (something like 2.9% interest). I opend that account and have one simple question on that account.

i think account allows instant access and free unlimited withdrawls without any interest loss/penalties. am i correct? Also there is no minimum balance requirement for the account right?

i need to do £1000 circulation between all lloyds account and need to use this account so want to be sure.

i looked on natwest page and it does say under e-savings that it is instant access and free withdrawls. But as interest rate has changed since the 2.9% offer, i want to confirm that this was also the case when i opened the account. plus problem viewing pdf files at work so cant see t&Cs.

thanks

YorkshireBoy

xyz123 wrote: »

i think account allows instant access and free unlimited withdrawls without any interest loss/penalties. am i correct? Also there is no minimum balance requirement for the account right?

Yes, and yes (I keep £1 in there)...if it's the same as my version which was opened in Oct 08.

i need to do £1000 circulation between all lloyds account and need to use this account

My monthly Vantage funding is simply 'cycled', ie 1 to 2 to 3 and back to 1 again.

I used to operate as you are suggesting, until I read on here that internal cycling produced the same result...a whole lot quicker!

xyz123

YorkshireBoy wrote: »

Yes, and yes (I keep £1 in there)...if it's the same as my version which was opened in Oct 08.My monthly Vantage funding is simply 'cycled', ie 1 to 2 to 3 and back to 1 again.

I used to operate as you are suggesting, until I read on here that internal cycling produced the same result...a whole lot quicker!

thanks for that. i didnt know that 1k cycling in lloyds can be internal..i thought it had to be external...