The Top Fixed Interest Savings Discussion Area

clairec666

silvermum said:

I haven't seen much/any discussion of the NatWest Fixed Rate Saver https://www.natwest.com/savings/fixed-term-savings-account.html paying 4.2% AER ?

Not the highest rate, but I was attracted as I already have a NatWest current account and wanted to take monthly interest from a lump sum for the next 6-12 months.

Opened it OK, but ran into problems trying to set up the monthly interest payments to my current account. Seems I'd missed this little gem in the small print:

You can choose to have interest paid into a Nominated Account. This must be a NatWest personal current or savings account with instant access (other than a cash ISA) held in your name at the same branch as your Fixed Term Savings Account.  (bold added by me)

I've banked with NatWest since I was a student and have no idea where my branch now is, but with a different sort code for the Fixed Rate Saver I couldn't pay away the monthly interest.

Seems very silly.

So now I'll close the NW saver and have opened an account with Vanquis who were very happy to take my money and pay interest into my NatWest current account!

Extremely silly, as they have closed quite a few branches in the last decade or so. Presumably the sort codes for those branches are no longer used?

nigelholl2

From memory, and that can be foggy at times

Quite a while ago, my account that I have had with them from being 18 and first job, got transferred to Prime Line, as tele banking was setup at that time.

I have on occasion had to provide my branch address, and thing Googling the sort code did the tricks

How things have moved on, some good, some not so good, some best not mentioned on here