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  • FIRST POST
    • onebag
    • By onebag 7th Feb 18, 1:11 PM
    • 3Posts
    • 0Thanks
    onebag
    Savings Builder or similar
    • #1
    • 7th Feb 18, 1:11 PM
    Savings Builder or similar 7th Feb 18 at 1:11 PM
    I have a savings builder account with Natwest, this allows me instant access to the savings which suits me as a car/mortgage is imminent. I get 1% for the first 5k, 0.5% for the second and 0.2% on anything over 10k and I only have to pay 50/month in. The account totals 21k so I think I could be using the excess over 10k more effectively.
    I would like to keep access to it and am happy to pay in every month but can't seem to find any similar products. Any ideas please?
Page 1
    • Kim_13
    • By Kim_13 7th Feb 18, 1:35 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    • #2
    • 7th Feb 18, 1:35 PM
    • #2
    • 7th Feb 18, 1:35 PM
    The Natwest Savings Builder is 100 per month pay in until 3 April 2018 to get the bonus rate.

    Have you exhausted all the Regular Savers? There is a section on open to all accounts if you don't want to open new current accounts and some local building societies also offer competitive Regular Savers. See the MSE guide here: https://www.moneysavingexpert.com/savings/best-regular-savings-accounts
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • onebag
    • By onebag 7th Feb 18, 1:50 PM
    • 3 Posts
    • 0 Thanks
    onebag
    • #3
    • 7th Feb 18, 1:50 PM
    • #3
    • 7th Feb 18, 1:50 PM
    Thanks Kim_13, The terms are changing on my Natwest account (reducing the min payment to 50, so I could pay into others to get better interest) hence it has alerted me into looking at a more efficient use of it.


    I've seen the guides and have made a few tentative enquiries but was hoping for an easy answer.
    • alanq
    • By alanq 7th Feb 18, 1:56 PM
    • 3,982 Posts
    • 2,581 Thanks
    alanq
    • #4
    • 7th Feb 18, 1:56 PM
    • #4
    • 7th Feb 18, 1:56 PM
    I get 1% for the first 5k, 0.5% for the second and 0.2% on anything over 10k and I only have to pay 50/month in.
    Originally posted by onebag
    The account pays 1.5% on first 5k, 1.0% for the second.
    https://personal.natwest.com/personal/savings/savings-builder.html
    Last edited by alanq; 07-02-2018 at 1:58 PM.
    • onebag
    • By onebag 8th Feb 18, 6:24 AM
    • 3 Posts
    • 0 Thanks
    onebag
    • #5
    • 8th Feb 18, 6:24 AM
    • #5
    • 8th Feb 18, 6:24 AM
    ok, I made a mistake. Not sure how helpful this is??
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