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Natwest Digital Regular Saver matured - keep or open new?
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... 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.Bridlington1 said:
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.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 50 -
And of course, rather than cash the rewards in, you can exchange them for electronic vouchers and get a percentage back in more rewardsallegro120 said:
... 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.Bridlington1 said:
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.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 5I consider myself to be a male feminist. Is that allowed?0 -
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?0
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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.0 -
As @FishInGlass saidTheKDs 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?
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 rateAnything over £5,000 earns just 1.15%. The surplus is better off elsewhere.
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