The Top Fixed Interest Savings Discussion Area

JGB1955

bluu2k said:

lithosyork said:

nat west / rbs   current customers only, from app 

1..100K
1 Year - 5.01%  
2 Year - 5.12%

100k..5m
1 Year - 5.12%  
2 Year - 5.22%

Hi everyone,

I do not clearly understand T&Cs on Natwest site, and would seek your help with explanation please. Is it correct to understand from the T&Cs that with the Natwest 1 Year Fixed Saving account, the following will apply:

1. Account can open between now and 10 July 2023 (or earlier, at the discretion of the bank);
2. Window for multiple fundings and withdrawals without any restrictions is from account opening till 21 July 2023;
3. Fixed term will start from 24 July 2023, and therefore any deposits made before that will not earn interests at rate of 5.01%;
4. Maturity date will be 24 July 2024 disregard the account opening date
5. You can withdraw money and close account early by giving 35 days prior notice, and the fund you receive in any case will, after charges/penalties not less than whatever you should have deposited to the account

https://www.natwest.com/savings/fixed-term-savings-account.html

Many thanks 😊 

With regards to Question 3 - the terms and conditions state "Interest is paid on a tiered basis from the date you open your account until the Maturity Date. This means you’ll earn one rate on your entire account balance."

t1redmonkey

The Natwest/RBS ones are interesting, as they give the possibility to close early, kind of rare with these types of accounts.

[Deleted User]

Painful seeing all these good rates after spending 10 years saving a deposit on peanut rates! 

Can't wait to save again!

auser99

[Deleted User] said:

Painful seeing all these good rates after spending 10 years saving a deposit on peanut rates! 

Can't wait to save again!

But on the flipside, inflation is way higher now, then it was during those poor interest times.

t1redmonkey

auser99 said:

[Deleted User] said:

Painful seeing all these good rates after spending 10 years saving a deposit on peanut rates! 

Can't wait to save again!

But on the flipside, inflation is way higher now, then it was during those poor interest times.

Yep think I'd rather have less inflation + lower rates personally.

smithers1981

Tandem
1 year 5.15%

2 year 5.25%

3 year 5.30%
5 year 5.35%

becky_rtw

That Natwest/RBS one looks good as its paid monthly to your main account with them. Could be very useful for some.

I don't think we will have next block of money by 21st July but if it looks close I will definitely get one and just nil fund if necessary. 

VNX

gesdt50 said:

The National Bank of Egypt UK via Raisin(online 'savings marketplace') offering 5.25% is obivoulsly good though been limited to taking out sums of £500 a time would be very time comsuming

I find especially of late best to wait, almost always recently some obscure bank via raisin pops up with a really good rate but give it time and a more mainstream bank directly ends up offering the same rate 

SJMALBA

Secure Trust Bank:

9 Month - 4.85%
1, 2 & 3 Year - 5.05%

https://www.securetrustbank.com/savings/fixed-rate-bonds

gesdt50

t1redmonkey said:

The Natwest/RBS ones are interesting, as they give the possibility to close early, kind of rare with these types of accounts.

They state "Early closure charges may apply. " under What is the interest rate so hiddenin the small T&c's