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Confused about 1.51% Natwest International Savings Builder
dude7691
Posts: 120 Forumite
Hi There,
So I was just looking at accounts that pay a better rate of interest and one that came up was the Natwest International Savings Builder, paying 1.51% up to 10k as long as you pay £50/month. You have to be an existing natwest international current account customer to apply. It says the following:
So I can apply for the current account, not a problem. Now looking at the savings builder:
At the top of the page it says:
"To apply you must be aged 16 years or over, already hold a NatWest International current account and be resident in either Jersey, Guernsey, Gibraltar, Isle of Man or the UK."
However at the bottom of the page it says:
I just wanted to check I've read this right and that this account is off the table? Really frustrating as well because it's the only account paying anything decent at the moment.
Links to both sites:
Natwest International Savings Builder: https://www.natwestinternational.com/personal/savings/savings-builder.html#apply
Natwest International Select Account: https://www.natwestinternational.com/personal/products/current-accounts-overdrafts/select-account.html
Thank you.
So I was just looking at accounts that pay a better rate of interest and one that came up was the Natwest International Savings Builder, paying 1.51% up to 10k as long as you pay £50/month. You have to be an existing natwest international current account customer to apply. It says the following:
To apply for a Select account you are required to be 18 years or over and resident in:
- Jersey
- Guernsey
- Isle of Man
- Gibraltar
- United Kingdom
So I can apply for the current account, not a problem. Now looking at the savings builder:
At the top of the page it says:
"To apply you must be aged 16 years or over, already hold a NatWest International current account and be resident in either Jersey, Guernsey, Gibraltar, Isle of Man or the UK."
However at the bottom of the page it says:
You can apply for a Savings Builder account if you are:
- aged 16+, and
- resident in the Channel Islands, Isle of Man or Gibraltar (you must be an existing customer with us if you are resident in Gibraltar), and
- an existing NatWest International current account holder
I just wanted to check I've read this right and that this account is off the table? Really frustrating as well because it's the only account paying anything decent at the moment.
Links to both sites:
Natwest International Savings Builder: https://www.natwestinternational.com/personal/savings/savings-builder.html#apply
Natwest International Select Account: https://www.natwestinternational.com/personal/products/current-accounts-overdrafts/select-account.html
Thank you.
0
Comments
-
Your post begins with the criteria for the Select current account which does allow UK resident to apply.
However what you need to look at are the criteria for the Savings Builder and that clearly states that the residency criterion is satisfied only by those residents of the three stated jurisdictions.
If the Savings builder is what you want then you have to meet the criteria for that before you look at the criteria for the Select account.
Do you already have saving builder accounts with NatWest and RBS?1 -
Thank you, I was just confused by the way it was worded. I don't currently, I've just switched to Natwest for the £125 and will open a regular saver account but that's only on up to £50 a month, so nowhere near as good as the 1.51% on 10k would have been sadly.General_Grant said:Your post begins with the criteria for the Select current account which does allow UK resident to apply.
However what you need to look at are the criteria for the Savings Builder and that clearly states that the residency criterion is satisfied only by those residents of the three stated jurisdictions.
If the Savings builder is what you want then you have to meet the criteria for that before you look at the criteria for the Select account.
Do you already have saving builder accounts with NatWest and RBS?
Just looked at the normal Natwest savings builder and it's 0.75%, no thanks
0
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