Natwest Digital Regular Saver matured - keep or open new?

artyboy

MichaelAP said:

artyboy said:

£10/mth if you can qualify for the Premier Reward version. Natwest have been good for Mrs Arty and me for the past few years...

To qualify you need a minimum of £100k sole income or £120k joint income paid into your NatWest account, or £500k minimum mortgage borrowing, or minimum £100k savings or investments held.
That’s a lot of monies held with NatWest where I am trying to fathom interest rates at your advantage?

I certainly wouldn't hold that sort of money with them, in fact apart from the DRS, we run the current accounts as flat as possible. But if you can get in via the income criteria then it's a nice bonus, and as WillPS mentions, they don't tend to revoke it as long as there's a decent churn through the account - which for us there definitely is.

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