Round up RBS

[Deleted User]

Hello.
Is there a limit on using the Round-Up feature once activated.  I've set up for double roundup, too.

Flugelhorn

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

[Deleted User]

Flugelhorn said:

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

Limit for the account,  you mean the saving account  or current?
Thank you for replying. 

Middle_of_the_Road

Although I've not done it, a few have admitted to making hundreds of £0.01 payments to places that accept such a thing.

Flugelhorn

[Deleted User] said:

Flugelhorn said:

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

Limit for the account,  you mean the saving account  or current?
Thank you for replying. 

the savings account has a limit (at least mine does) of about 5K 

Middle_of_the_Road

Flugelhorn said:

[Deleted User] said:

Flugelhorn said:

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

Limit for the account,  you mean the saving account  or current?
Thank you for replying. 

the savings account has a limit (at least mine does) of about 5K 

There is no limit, but the headline interest rate is capped at 5K. Above that interest is paid at 1.75 AER

Bridlington1

You can make a maximum of 99 debit card payments per day per debit card (I found out by brute force a while back). If double round ups are switched on that gives you a maximum of £196.02 per current account per day into the Digital RS.

I'd advise against doing too many though for fear of annoying the NatWest group too much, plus it's rather time consuming.

[Deleted User]

Middle_of_the_Road said:

Although I've not done it, a few have admitted to making hundreds of £0.01 payments to places that accept such a thing.

So by doing this,  they are in effect making 99p transactions then?
Interesting.
Thanks for replying. 

[Deleted User]

Flugelhorn said:

[Deleted User] said:

Flugelhorn said:

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

Limit for the account,  you mean the saving account  or current?
Thank you for replying. 

the savings account has a limit (at least mine does) of about 5K 

OK, thanks

[Deleted User]

Middle_of_the_Road said:

Flugelhorn said:

[Deleted User] said:

Flugelhorn said:

I don't think so - mine adds a fair bit every week - I think the only limit is when you hit the limit for the account and then the interest rate drops 

Limit for the account,  you mean the saving account  or current?
Thank you for replying. 

the savings account has a limit (at least mine does) of about 5K 

There is no limit, but the headline interest rate is capped at 5K. Above that interest is paid at 1.75 AER

Are we talking about the digital regular saver here?
That's the one I'm using.

[Deleted User]

Bridlington1 said:

You can make a maximum of 99 debit card payments per day per debit card (I found out by brute force a while back). If double round ups are switched on that gives you a maximum of £196.02 per current account per day into the Digital RS.

I'd advise against doing too many, though, for fear of annoying the NatWest group too much, plus it's rather time-consuming.

Well, I've got nowhere near that amount of cash, and if l did, l don't think I'd  worry about savings full stop
Thank you for the input and figures..