NatWest digital regular saver

edited 22 September 2020 at 1:14PM in Savings & Investments
75 replies 11.1K views
124678

Replies

  • RG2015RG2015 Forumite
    3.9K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    Much obliged for being characterised as a loser.

    Bit like Trump's view of Senator John McCain.
  • csgohan4csgohan4 Forumite
    10.6K Posts
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Forumite
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    We don't all have gold/ krugerands to hand
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • EdGasketTheSecondEdGasketTheSecond Forumite
    2.6K Posts
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Forumite
    csgohan4 said:
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    We don't all have gold/ krugerands to hand
    You could have if you wanted instead of investing in this account which will most likely still lose out to real inflation.
  • HerbalusHerbalus Forumite
    2.6K Posts
    Ninth Anniversary 1,000 Posts Name Dropper
    Forumite
    csgohan4 said:
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    We don't all have gold/ krugerands to hand
    You could have if you wanted instead of investing in this account which will most likely still lose out to real inflation.
    We’ve all spent 10x more time arguing on this thread about whether it’s worth it than it took to set up.

    Setting up a standing order is hardly taxing. When you apply for it you just ticked “set up standing order from my current account” and it does it for you. Hardly a faff.

    and I don’t understand what there is to “manage”? It’s a savings account with £50 going in each month. You just leave it.
  • surreysaversurreysaver Forumite
    3.5K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    The SO is set up as part of the application process. 
    There is no need to manage the account, except to open it and close it. 
    And its a hobby anyway 
    I consider myself to be a male feminist. Is that allowed?
  • RG2015RG2015 Forumite
    3.9K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    It’s more about the save v invest issue rather than this specific account. Above a certain level for emergency cash, the main protagonists are polarised and very few will be minded to change their position.

    In this proxy war, the interest rate race to the bottom is effective ammunition for the investment advocates.
  • EdGasketTheSecondEdGasketTheSecond Forumite
    2.6K Posts
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Forumite
    RG2015 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?
    Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.
    The SO is set up as part of the application process. 
    There is no need to manage the account, except to open it and close it. 
    And its a hobby anyway 
    Well then there's the on going issue of making sure you have the £50 available in your account each month and accounting for it going out so you don't go overdrawn. The money in your current account waiting around to be actioned by the standing order isn't earning interest either.
  • edited 26 September 2020 at 8:52AM
    EdGasketTheSecondEdGasketTheSecond Forumite
    2.6K Posts
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Forumite
    edited 26 September 2020 at 8:52AM
    It doesn't look like you can make a lump sum payment greater than £50 So the most interest you can get in year 1 is £9.88; wow, less than some brokers charge on one trade, hardly worth discussing.
  • colstencolsten Forumite
    17.6K Posts
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    It doesn't look like you can make a lump sum payment greater than £50 So the most interest you can get in year 1 is £9.88; wow, less than some brokers charge on one trade, hardly worth discussing.
    For instant access cash savings, a trade with a broker is hardly a viable alternative. If there‘s a better paying regular saver, please let us know.
Sign In or Register to comment.
Latest MSE News and Guides