NatWest digital regular saver

crumpet_man

Indeed, all setup in less time than it takes to do some posts on here.

PParka

So... can I setup the Standing Order for the 1st October, and manually transfer £50 across in September?

crumpet_man

Yes you can.

VXman

Just opened a Reward current account so this is a surprise bonus. Not that it will make up for the 6 TSB accounts about to reduce to 0% the 2 lloyds and 1 Halifax regular savers that have just matured only to be replaced with 1% and the NS&I accounts that have just been slashed.

not2plan

PParka said:

So... can I setup the Standing Order for the 1st October, and manually transfer £50 across in September?

I was told that manual transfers to it are not possible.

First I was told they were and I could just place £1000 into it and then I was told that I couldn't do that and it was max £50 a month via standing order only.
The blurb says no minimum deposit required - it suggests a deposit is possible. But natwest have said no.
The wording of the blurb is identical to the Instant Saver which does allow transfer in.
Sadly natwest dont see this as being misleading, AND with their staff also giving out the wrong information.

cooldude255220

not2plan said:

PParka said:

So... can I setup the Standing Order for the 1st October, and manually transfer £50 across in September?

I was told that manual transfers to it are not possible.

First I was told they were and I could just place £1000 into it and then I was told that I couldn't do that and it was max £50 a month via standing order only.
The blurb says no minimum deposit required - it suggests a deposit is possible. But natwest have said no.
The wording of the blurb is identical to the Instant Saver which does allow transfer in.
Sadly natwest dont see this as being misleading, AND with their staff also giving out the wrong information.

From the FAQs:

Can I make a lump sum deposit?
Yes, but the combination of lump sum deposit and standing order cannot exceed £50 per calendar month.  After account opening you can make a deposit via Online or Mobile Banking

EdGasketTheSecond

Not worth the faff for the £15 max interest you will get over the year

RG2015

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

MrMorgan

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

"look after the pennies" and all that... as stated - "why not"

poshrule_uk

While its only a small amount you can deposit each month its still 3% and when you run in conjunction with other accounts it all adds up