NatWest digital regular saver
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murphydavid said:I notice that if I were to apply for a Nat West Digital Regular Saver Today I would get a 5.12 AER rate but the one I took out some time ago is stuck at 4.85%. An interesting dilemma because if I can only have one and if I close and take out a new one at the new rate I won't have £1000 in it for some months.
From £1k to £5k you get 1.00% but by combining the two you will get a lower composite/average rate.
For your composite rate to show as 4.85% your balance will be about £1,070.
If you reduce this to £1,000 the rate will show as 5.12% / 5.00%1 -
To illustrate the above
In September before rates went up I had £1000 in, I got £2.76 interest (complicated a bit by the dates and that I took some interest out 5th August)
In October it was calculated on £1002.76 and I got £3.59 on 3rd October
The app states
Your interest rate is
4.98% Gross / 5.10% AER
Your rates have been combined0 -
Deleted_User said:To illustrate the above
In September before rates went up I had £1000 in, I got £2.76 interest (complicated a bit by the dates and that I took some interest out 5th August)
In October it was calculated on £1002.76 and I got £3.59 on 3rd October
The app states
Your interest rate is
4.98% Gross / 5.10% AER
Your rates have been combined
https://supportcentre.natwest.com/Help-with-your-product/Savings/1402485782/What-is-a-combined-interest-rate.htm
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londoner62 said:Deleted_User said:To illustrate the above
In September before rates went up I had £1000 in, I got £2.76 interest (complicated a bit by the dates and that I took some interest out 5th August)
In October it was calculated on £1002.76 and I got £3.59 on 3rd October
The app states
Your interest rate is
4.98% Gross / 5.10% AER
Your rates have been combined
https://supportcentre.natwest.com/Help-with-your-product/Savings/1402485782/What-is-a-combined-interest-rate.htmThank you for visiting today. You have been safely logged out.
Get rewarded
for saving regularly
Our Digital Regular Saver gives you our highest interest rate, at 3% Gross/3.04% AER p.a. (variable) on balances up to £1,000.
Save between £1-£50 a month and access your money at any time.Specific account eligibility criteria and conditions apply.
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35har1old said:londoner62 said:Deleted_User said:To illustrate the above
In September before rates went up I had £1000 in, I got £2.76 interest (complicated a bit by the dates and that I took some interest out 5th August)
In October it was calculated on £1002.76 and I got £3.59 on 3rd October
The app states
Your interest rate is
4.98% Gross / 5.10% AER
Your rates have been combined
https://supportcentre.natwest.com/Help-with-your-product/Savings/1402485782/What-is-a-combined-interest-rate.htmThank you for visiting today. You have been safely logged out.
Get rewarded
for saving regularly
Our Digital Regular Saver gives you our highest interest rate, at 3% Gross/3.04% AER p.a. (variable) on balances up to £1,000.
Save between £1-£50 a month and access your money at any time.Specific account eligibility criteria and conditions apply.
Mine shows the current rates.You may have an old RBS page saved in your cache. If you clear your cookies / cache / history for RBS you should get the up to date page.0
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