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

solidpro

Daliah said:

I think Natwest have wised up to this "trick". Try it if you want to run the risk of having the Digital Saver, and possibly all your other Natwest accounts, closed, like some people did.

Where does it say "possibly all your other Natwest accounts"? It's not a trick. Where does it say you can't open the account with £1000 deposit?

Blimey people in here are so haughty about 'the rules' they've almost made up in their head. Sounds like sour grapes you missed out on all of about £20 interest over the last year or so.

It says "if you repeatedly try to pay more" - how have I broken the rules? I never 'repeatedly' did anything. I just stuck £1000 in on day one and then paid in £50 each month thereafter.

MovingForwards

@MrFrugalFever yes they did a credit check.

@Daliah the interest from my NW Digi goes to my NW current account and then to the RBS Digi account. I can't transfer it directly from NW Digi to RBS Digi.

Daliah

solidpro said:

Daliah said:

I think Natwest have wised up to this "trick". Try it if you want to run the risk of having the Digital Saver, and possibly all your other Natwest accounts, closed, like some people did.

Where does it say "possibly all your other Natwest accounts"?

Blimey people in here are so haughty about 'the rules'. Sounds like sour grapes you missed out on all of about £20 interest over the last year or so.

It says "if you repeatedly try to pay more" - how have I broken the rules? I never 'repeatedly' did anything. I just stuck £1000 in on day one and then paid in £50 each month thereafter.

I can, and do, read, and not just this Forum. I can, and do, also read between the lines. Natwest are notorious for closing all accounts. If you slipped through the net, particularly if this was before they tightened the Digital Saver rules last October, this is no reason to entice others to try the same. 

I am not sure why you think I might envy you for the interest you got from this account as I am quite happy that I am exploiting all  loopholes that are worth exploiting. I also avoid enticing people into doing things that could get them into trouble with their banks.

solidpro

Daliah said:

I can, and do, read, and not just this Forum. I can, and do, also read between the lines. Natwest are notorious for closing all accounts. If you slipped through the net, particularly if this was before they tightened the Digital Saver rules last October, this is no reason to entice others to try the same. 

I am not sure why you think I might envy you for the interest you got from this account as I am quite happy that I am exploiting all  loopholes that are worth exploiting. I also avoid enticing people into doing things that could get them into trouble with their banks.

Ah. Sometimes you follow the rules and sometimes you 'read between the lines' and sometimes you 'exploit the loopholes'. But not this one. You have limits. A fine art! Apology accepted. Losing that £20 is a bitter pill to swallow, I'm sure. Next time you want the inside track on getting £20 of interest over 12 months, let me know, wink wink.

Oh and if I've enticed anyone into going back in time and depositing £1000 in a tiny Natwest savings account which is about 7% below inflation, then I advise against it. Don't be that guy.

Daliah

solidpro said:

Daliah said:

I can, and do, read, and not just this Forum. I can, and do, also read between the lines. Natwest are notorious for closing all accounts. If you slipped through the net, particularly if this was before they tightened the Digital Saver rules last October, this is no reason to entice others to try the same. 

I am not sure why you think I might envy you for the interest you got from this account as I am quite happy that I am exploiting all  loopholes that are worth exploiting. I also avoid enticing people into doing things that could get them into trouble with their banks.

Apology accepted. Losing that £20 is a bitter pill to swallow, I'm sure. Next time you want the inside track on getting £20 of interest over 12 months, let me know, wink wink.

I really don't know why you think I have lost £20. 

[Deleted User]

solidpro said:

Daliah said:

I can, and do, read, and not just this Forum. I can, and do, also read between the lines. Natwest are notorious for closing all accounts. If you slipped through the net, particularly if this was before they tightened the Digital Saver rules last October, this is no reason to entice others to try the same. 

I am not sure why you think I might envy you for the interest you got from this account as I am quite happy that I am exploiting all  loopholes that are worth exploiting. I also avoid enticing people into doing things that could get them into trouble with their banks.

Ah. Sometimes you follow the rules and sometimes you 'read between the lines'. A fine art! Apology accepted. Losing that £20 is a bitter pill to swallow, I'm sure. Next time you want the inside track on getting £20 of interest over 12 months, let me know, wink wink.

Oh and if I've enticed anyone into going back in time and depositing £1000 in a tiny Natwest savings account which is about 7% below inflation, then I advise against it. Don't be that guy.

You got lucky dumping the £1000 in and not being called out on it. The full terms are perfectly clear - no more than £150 a month paid in, if you put £1000 in during your first month you would be in breach of that, perhaps why they made it clearer

Certainly when it was launched (September 2020) it was a very good rate as the BoE rate was 0.1% at the time and inflation was 0.5% that month

solidpro

Daliah said:

I really don't know why you think I have lost £20. 

I can read between the lines too. You're someone who exploits loopholes. Someone who reads between the lines. But never a rule breaker. Those rules about closing all of your accounts and repeatedly doing something once must *never* be broken. Those rules you've made up in your head. You're a wheeler dealer and losing £20 is going to be painful even if you can't admit it here. I'm sympathetic. Don't worry, your secret is safe with me.

solidpro

Deleted_User said:
You got lucky dumping the £1000 in and not being called out on it. The full terms are perfectly clear - no more than £150 a month paid in, if you put £1000 in during your first month you would be in breach of that, perhaps why they made it clearer

Certainly when it was launched (September 2020) it was a very good rate as the BoE rate was 0.1% at the time and inflation was 0.5% that month

I'd just like to apologise to everyone who is annoyed I accidentally got £20 out of Natwest.

RG2015

solidpro said:

Deleted_User said:
You got lucky dumping the £1000 in and not being called out on it. The full terms are perfectly clear - no more than £150 a month paid in, if you put £1000 in during your first month you would be in breach of that, perhaps why they made it clearer

Certainly when it was launched (September 2020) it was a very good rate as the BoE rate was 0.1% at the time and inflation was 0.5% that month

I'd just like to apologise to everyone who is annoyed I accidentally got £20 out of Natwest.

Fair point but it is annoying when someone boasts about things like this.

solidpro

RG2015 said:

Fair point but it is annoying when someone boasts about things like this.

Referring to:

solidpro said (earlier):

I don't know if many of you felt the need to pay in £50 or £150 or whatever slowly, monthly and wait to accumulate the full £1000 as many people were saying you had to do when this account was first offered, but I simply dumped £1000 straight in and have been getting the full interest on it from day one...

I'd also like to apologise for this disgusting 'boast' about accidentally getting £20 out of Natwest. Boy do I go on about it. And it's about getting one over on the 'little guy' of Natwest, too. The worst of all 'boasts'.

I will donate the £20 to a worthy cause. Probably BP or something.