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NatWest/RBS My Rewards Update

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  • WillPS
    WillPS Posts: 5,128 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper

    Has anyone had any funds returned when going over £150p/m by transferring from MyRewards?
    Last post was nearly a month ago so assuming that if nobody has had anything reversed I am safe to go ahead and top up my DRS over and above the limit?
    It's expressly allowed. https://www.rbs.co.uk/savings/digital-regular-saver.html





    That's an update, it wasn't clear before and CS were even incorrectly stating it would count. Good news though all the same!
  • sausage_time
    sausage_time Posts: 1,465 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    WillPS said:

    Has anyone had any funds returned when going over £150p/m by transferring from MyRewards?
    Last post was nearly a month ago so assuming that if nobody has had anything reversed I am safe to go ahead and top up my DRS over and above the limit?
    It's expressly allowed. https://www.rbs.co.uk/savings/digital-regular-saver.html





    That's an update, it wasn't clear before and CS were even incorrectly stating it would count. Good news though all the same!
    I've just had a pop-up in the RBS app promoting this.  I now have over £300 so will need to decide on tax free 2-4% reward on Exchange or taxable interest on my Digital Regular Saver.
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • WillPS
    WillPS Posts: 5,128 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    WillPS said:

    Has anyone had any funds returned when going over £150p/m by transferring from MyRewards?
    Last post was nearly a month ago so assuming that if nobody has had anything reversed I am safe to go ahead and top up my DRS over and above the limit?
    It's expressly allowed. https://www.rbs.co.uk/savings/digital-regular-saver.html





    That's an update, it wasn't clear before and CS were even incorrectly stating it would count. Good news though all the same!
    I've just had a pop-up in the RBS app promoting this.  I now have over £300 so will need to decide on tax free 2-4% reward on Exchange or taxable interest on my Digital Regular Saver.

    Most of the rewards are beatable by taking the cash and buying vouchers with discount or cashback elsewhere.
  • sausage_time
    sausage_time Posts: 1,465 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    WillPS said:
    WillPS said:

    Has anyone had any funds returned when going over £150p/m by transferring from MyRewards?
    Last post was nearly a month ago so assuming that if nobody has had anything reversed I am safe to go ahead and top up my DRS over and above the limit?
    It's expressly allowed. https://www.rbs.co.uk/savings/digital-regular-saver.html





    That's an update, it wasn't clear before and CS were even incorrectly stating it would count. Good news though all the same!
    I've just had a pop-up in the RBS app promoting this.  I now have over £300 so will need to decide on tax free 2-4% reward on Exchange or taxable interest on my Digital Regular Saver.

    Most of the rewards are beatable by taking the cash and buying vouchers with discount or cashback elsewhere.
    10% on Greggs though - I could get 206 sausage rolls for £300 and still earn £30 in Reward.   Hmm, maybe not.
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • Nasqueron
    Nasqueron Posts: 10,657 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 1 August 2024 at 9:48AM
    WillPS said:
    WillPS said:

    Has anyone had any funds returned when going over £150p/m by transferring from MyRewards?
    Last post was nearly a month ago so assuming that if nobody has had anything reversed I am safe to go ahead and top up my DRS over and above the limit?
    It's expressly allowed. https://www.rbs.co.uk/savings/digital-regular-saver.html





    That's an update, it wasn't clear before and CS were even incorrectly stating it would count. Good news though all the same!
    I've just had a pop-up in the RBS app promoting this.  I now have over £300 so will need to decide on tax free 2-4% reward on Exchange or taxable interest on my Digital Regular Saver.

    Most of the rewards are beatable by taking the cash and buying vouchers with discount or cashback elsewhere.
    10% on Greggs though - I could get 206 sausage rolls for £300 and still earn £30 in Reward.   Hmm, maybe not.
    With your name, turning down the sausage rolls, methinks your account is hacked :D

    I like the immediate £5 into my saver, every penny is a smidge more interest at the end of the month, disappointed I didn't realise I could have been doing it earlier!


    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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