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Natwest First Home Saver (RBS too)

Hi.

Is this a good offer?

http://www.natwest.com/personal/save-and-invest/savings-accounts/g1/instant-access/first-home-saver.ashx

I have 50k, so I would qualify for the 5k cash back. Taking into account everything of competiveness of natwest mortgages, interest in the saver account for 6 months at 3.15 interest etc?

RBS does the same sort of deal. Is it worth signing up so when I do want a mortgage I will qualify for the 5k cashback?

Many thanks
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