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NatWest digital regular saver
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White_Goldfish said:I had £300 invested, but the amount -- including the March 1st interest -- was only £301.83. Just not worth bothering about for anyone, I would have thought. Yes, I will need to find a home for that amount, but really that's not too difficult to do. Regular Savings at £50 per month build up interest so slowly, and thus offer more than they deliver, despite the headline 3% rate.
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Yes, indeed, derisory.
No wonder NatWest is promoting the line "Look after the pennies, and the pounds look after themselves."
I'm not, in general, in favour of sweepstakes, but when rates are so low, it seems the best alternative on offer. Nationwide Start to Save has a similar offer, but I missed the start of that one. Still worth a punt, however.0 -
White_Goldfish said:Yes, indeed, derisory.
No wonder NatWest is promoting the line "Look after the pennies, and the pounds look after themselves."
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ivormonee said:So over six months is the total interest you received £1.83? Doesn't seem like all that much. Not sure though where best to put savings any more as rates seem derisory all over.
For some people, the Natwest Digital Saver is just another one of their 3%+ accounts. For example, I am presently feeding £700 a month into such accounts.1 -
colsten said:ivormonee said:So over six months is the total interest you received £1.83? Doesn't seem like all that much. Not sure though where best to put savings any more as rates seem derisory all over.
For some people, the Natwest Digital Saver is just another one of their 3%+ accounts. For example, I am presently feeding £700 a month into such accounts.
I guess that RBS and NatWest account for £100 per month on their digital regular savers.0 -
RG2015 said:colsten said:ivormonee said:So over six months is the total interest you received £1.83? Doesn't seem like all that much. Not sure though where best to put savings any more as rates seem derisory all over.
For some people, the Natwest Digital Saver is just another one of their 3%+ accounts. For example, I am presently feeding £700 a month into such accounts.
I guess that RBS and NatWest account for £100 per month on their digital regular savers.1 -
I guess that RBS and NatWest account for £100 per month on their digital regular savers.
The maximum investment into the Digital Regular Saver is £50 per month, and I was a month late starting. Hence the return of £1.83 (maybe a few pennies yet to come).
There's another NatWest regular savings account (Savings Builder) which was easier to add to, but the interest on this account has just dropped to 0.25%. Alas.
The YBS regular saver is open only to those with investments in 2020.0 -
veryintrigued said:RG2015 said:colsten said:ivormonee said:So over six months is the total interest you received £1.83? Doesn't seem like all that much. Not sure though where best to put savings any more as rates seem derisory all over.
For some people, the Natwest Digital Saver is just another one of their 3%+ accounts. For example, I am presently feeding £700 a month into such accounts.
I guess that RBS and NatWest account for £100 per month on their digital regular savers.2 -
When I have reached the £1000 mark, to keep getting the 3%, i presume I still have to make a payment in each month, but is there a penalty for making withdrawals. i.e. if I pay in a pound each month, can I withdraw the pound and the interest after the interest and still qualify for the 3% the following month?0
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londoner62 said:When I have reached the £1000 mark, to keep getting the 3%, i presume I still have to make a payment in each month, but is there a penalty for making withdrawals. i.e. if I pay in a pound each month, can I withdraw the pound and the interest after the interest and still qualify for the 3% the following month?
No, but it helps keep you in the savings habit. You will still receive the higher interest rate on your balance up to £1000.
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