NatWest is a familiar banking provider which is used by millions of people right across the UK. With interest rates at shocking lows recently, savers have been presented with little opportunity to grow their cash. Nearly a year ago, the Bank of England took the decision to lower its base rate to 0.1 percent, and this has had an impact on Britons ever since.
It is worth noting, though, this amount can be adjusted at any point, as long as it does not exceed the £50 limit.
In total, then, Britons will be able to save up to £1,000 if eligible to use the account, which could help them grow their money.
This is likely to be a suitable account for a person who is able to put away small amounts of money but on a regular basis.
However, the upper limit to the account is important for savers to bear in mind.
The account can be opened online, or alternatively through NatWest’s mobile app, and can be managed in a variety of ways too.
These include using online banking, a mobile app, in branch or using the telephone.
Another attractive saving opportunity launched this week is the offering by Yorkshire Building Society.
Customers have the chance to earn 3.5 percent interest, can begin saving in the account from £10 and can save up to £500 per month for one year.
However, there are important eligibility criteria to bear in mind with this account which Britons will need to investigate further.
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Published at Fri, 26 Feb 2021 18:07:00 +0000