Press Room
19 September 2008
NatWest launches a range of new savings accounts including a market leading cash ISA paying 7.32% AER
Savers looking for market leading savings rates will be spoilt for choice with NatWest's new savings deals including a Cash ISA paying up to 7.32% AER, the launch of a new two-year fixed-rate bond paying 6.60% APR as well as enticing rates on the very popular e-savings account offering a bonus rate for 12 months.
New NatWest cash ISA
Customers wishing to transfer their cash ISA to NatWest will receive a bonus of 2% for 12 months. The following rates are offered on the total balance in the account:
| Tier | Gross % Exc Bonus | AER % (variable) Exc Bonus | Gross % Inc Bonus | AER % Inc Bonus |
|---|---|---|---|---|
| £27,000+ | 5.13% | 5.25% | 7.13% | 7.32% |
| £18,000 - £26,999 | 4.98% | 5.10% | 6.98% | 7.16% |
| £9,000 - £17,999 | 7.40% | 4.80% | 6.70% | 6.87% |
| £1 - £8,999 | 4.51% | 4.60% | 6.51% | 6.67% |
Existing NW ISA customers who also have cash ISAs elsewhere can transfer these to NW to receive the above rates. The offer is available immediately.
NatWest's e-savings bonus
Anyone opening an E-Savings account will receive an additional bonus rate for 12 months.
This Internet-based account will attract the following rates:
| Tier | Gross % Exc Bonus | AER % (variable) Exc Bonus | Gross % Inc Bonus | AER % Inc Bonus |
|---|---|---|---|---|
| £1+ | 4.22% | 4.30% | 6.31% | 6.50% |
The NatWest E-Savings bonus offer is available immediately.