Natwest digital regular saver - what to do after saving £1000

artyboy

Middle_of_the_Road said:

artyboy said:

Just noticed that the interest rate has gone up to 6.17% (AER) - maybe I ought to have a go at roundups after all...

Activated roundups yesterday, just for normal spending. Not sure about doing the multi-micro payments though. quite an intensive process by the sound of it.

I know... I never use my Natwest debit card for 'real' spending, if there was an easy (automated) way to do a few 1p transactions a day then I'd consider it, but all this manual push to PayPal etc... life's too short!

JGB1955

Confused... has this thread gone a bit 'off -piste' as recent answers don't seem to be answering the original question.  Even the question is out of date (AIUI) as there is now a £5000 limit.

EDIT - perhaps it's not gone off -piste...I'm saving £300 a month towards my expected energy bill from September 2023 (when my fix finishes).  Looks like I'll be quids in!

artyboy

JGB1955 said:

Confused... has this thread gone a bit 'off -piste' as recent answers don't seem to be answering the original question.  Even the question is out of date (AIUI) as there is now a £5000 limit.

I suspect any thread that's got to 14 pages will have meandered a bit. I guess I could have started a new one, but... meh.

OceanSound

Middle_of_the_Road said:

artyboy said:

Just noticed that the interest rate has gone up to 6.17% (AER) - maybe I ought to have a go at roundups after all...

Activated roundups yesterday, just for normal spending. Not sure about doing the multi-micro payments though. quite an intensive process by the sound of it.

How come only round ups and not the double round ups? Or do you mean double round ups? 

Btw, probably worth enabling round ups just to enter the prize draw if anything:

https://www.natwest.com/savings/tools-for-savings/round-ups.html#pd_faqs

Middle_of_the_Road

OceanSound said:

Middle_of_the_Road said:

artyboy said:

Just noticed that the interest rate has gone up to 6.17% (AER) - maybe I ought to have a go at roundups after all...

Activated roundups yesterday, just for normal spending. Not sure about doing the multi-micro payments though. quite an intensive process by the sound of it.

How come only round ups and not the double round ups? Or do you mean double round ups? 

If you haven't already enabled double round ups, enabling it will enter you into a prize draw:

https://www.natwest.com/savings/tools-for-savings/round-ups.html#pd_faqs

Enable before 5:30pm on 21 April. I assume that's 2023, and not a prize draw that ran in 2022. 

If we already have double round ups enabled we can stil enter by temporarily disabling, waiting 24 hours, then re-enabling.

Yes, I forgot to say that I selected double roundups. Didn't know about the prise draw though.

OceanSound

Middle_of_the_Road said:

OceanSound said:

Middle_of_the_Road said:

artyboy said:

Just noticed that the interest rate has gone up to 6.17% (AER) - maybe I ought to have a go at roundups after all...

Activated roundups yesterday, just for normal spending. Not sure about doing the multi-micro payments though. quite an intensive process by the sound of it.

How come only round ups and not the double round ups? Or do you mean double round ups? 

If you haven't already enabled double round ups, enabling it will enter you into a prize draw:

https://www.natwest.com/savings/tools-for-savings/round-ups.html#pd_faqs

Enable before 5:30pm on 21 April. I assume that's 2023, and not a prize draw that ran in 2022. 

If we already have double round ups enabled we can stil enter by temporarily disabling, waiting 24 hours, then re-enabling.

Yes, I forgot to say that I selected double roundups. Didn't know about the prise draw though.

realized enabling round ups will also enter us to prize draw (doesn't need to be double round ups). I edited my previous post while you were posting it seems. 

artyboy

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

wmb194

artyboy said:

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

I'd be judicious. Someone in another thread reported doing similar with their stockbroker - IIRC AJ Bell - and it closed his account because of it.

artyboy

wmb194 said:

artyboy said:

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

I'd be judicious. Someone in another thread reported doing similar with their stockbroker - IIRC AJ Bell - and it closed his account because of it.

Sorry, the stockbroker closed the account, or Natwest?

Point noted, thanks, although II are going to have a lot of my money invested with them (SIPP/ISA) so if they do get jumpy over a handful of £1.01 deposits then that would make me reevaluate wanting to be with them anyway...

surreysaver

wmb194 said:

artyboy said:

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

I'd be judicious. Someone in another thread reported doing similar with their stockbroker - IIRC AJ Bell - and it closed his account because of it.

Someone else reported Skipton Building Society getting the hump too - although sending a warning letter rather than closing the account