Natwest Digital Regular Saver matured - keep or open new?

allegro120

Bridlington1 said:

Middle_of_the_Road said:

Yo can elect to have round-ups credited to the DRS. Make sure to set round-ups set to times 5

Also worth noting that if you've got their reward account you can get the £5/mth for logging into the app and paying out 2 DDs paid directly to the regular savers without it counting towards the £150/mth max deposit.

... the fee is £2/mth, so the actual profit is £3/mth + some interest on that extra £5/mths in DRS. Still a very good deal.

surreysaver

allegro120 said:

Bridlington1 said:

Middle_of_the_Road said:

Yo can elect to have round-ups credited to the DRS. Make sure to set round-ups set to times 5

Also worth noting that if you've got their reward account you can get the £5/mth for logging into the app and paying out 2 DDs paid directly to the regular savers without it counting towards the £150/mth max deposit.

... the fee is £2/mth, so the actual profit is £3/mth + some interest on that extra £5/mths in DRS. Still a very good deal.

And of course, rather than cash the rewards in, you can exchange them for electronic vouchers and get a percentage back in more rewards 

TheKDs

My Natwest DRS still says 5.5% interest rate though... I am now at 5.5K. Doesn't give any change in interest re the extra 500. Interest was £22.85 on 1st of August. Should I take that at face value?

FishInGlass

TheKDs said:

My Natwest DRS still says 5.5% interest rate though... I am now at 5.5K. Doesn't give any change in interest re the extra 500. Interest was £22.85 on 1st of August. Should I take that at face value?

Anything over £5,000 earns just 1.15%. The surplus is better off elsewhere.

Ch1ll1Phlakes

TheKDs said:

My Natwest DRS still says 5.5% interest rate though... I am now at 5.5K. Doesn't give any change in interest re the extra 500. Interest was £22.85 on 1st of August. Should I take that at face value?

As @FishInGlass said

Anything over £5,000 earns just 1.15%. The surplus is better off elsewhere.

If the entire balance of £5500 was earning 5.5% you would have earned approx £25 in interest not £22.85 so the excess above 5k is definitely on a lower rate