Customers can put between £1 to £50 per month into the Digital Regular Saver account and will need to set up a standing order at account opening. Remember though: you can’t top up the balance of a fixed rate bond. APPLY FROM … But it's still just about possible to earn 3% interest on savings tax-free. But there are a few catches. NATWEST recently launched its Digital Regular Saver, a regular savings account which offers a market-leading interest rate of three percent. Note:Senior citizens get additional 0.25% rate of interest on Fixed Deposits. They offer businesses two savings accounts that are a notice account and a fixed rate account that they state are designed to suit business needs. However, that rate is variable and could go up or, more likely, down. Conversely, easy access savings accounts don’t normally have an expiration date, and by definition you can deposit and withdraw money when you like, so to take advantage of compound interest you just have to avoid withdrawals. The Digital Regular Saver is designed for those starting […] This will reduce to 1% from 18 August. NatWest states this digital savings account is exclusively for current account customers, aged 18 and over. (variable) on any amount over £1000). Regular savers were hit hard last year, with cuts to 5% rates across the board. Savings with the account currently earn 2% interest on all balances over £1. If you’ve got a lump sum you’re happy to lock away for a while, a fixed-rate bond will offer you a simple, low-maintenance option with reasonably good interest. Will Bank of England Base Rate changes affect the interest rate on my savings? Published: 07:53 EST, 24 October 2012 | Updated: 09:36 EST, 26 October 2012 NatWest has unveiled a new account with a market-leading 3% interest rate designed to help customers with little or no savings. Regular savings accounts are a hidden species designed for you to feed them every month – we've all the best buys in this guide, plus tricks to maximise interest. Some of the savings accounts that pay the best rates (such as regular savings accounts) only pay interest upon maturity, so there isn’t any compound interest involved. Surprisingly, some banks' current accounts pay a higher rate of interest than their savings accounts, though you tend to only get interest on the first £3,000 or so. The Digital Regular Saver account also offers the flexibility of no withdrawal restrictions and the ability to change your regular payment. You can have access to your money when you need it and manage your account online, phone or in-branch. Based on a monthly £50 deposit, savers would have a balance of £609.88 (£9.88 interest) after a year. The Digital Regular Saver account offers a market leading interest rate of 3% (3% Gross/3.04% AER p.a. Natwest and RBS's Digital Regular Saver pays interest monthly, currently at a rate of 3%, on balances up to £1,000. It pays a variable interest rate of three percent AER/3.04 percent gross pa on balances up to £1,000. NS&I Income Bonds pay 1.16% but you need a minimum deposit of £500 NatWest customers can access 3 percent interest rate via savings account – rules explained The bank launched its Digital Regular Saver this year. Earn bonus interest on savings between £25,000 - £1,000,000 when you make no withdrawals Exclusive to customers who have a current account with us More on Premium Saver Topics. NatWest has unveiled a new, market-leading 3% interest rate account designed to help clients with little or no savings.Customers can place between £ 1 and £ 50 per month in the digital regular savings account and will need to set up a standing order when opening the account. Spread the loveYou can’t beat this high-interest rate on cash savings. (variable) on the first £1000 saved with interest being paid monthly. Fixed rate savings accounts. Natwest is also halving the rate on its Help to Buy ISA. You do not get charged for withdrawing your money and you can have an optional debit card to obtain money at cash machines displaying the logo shown on your card. Download Fixed Deposit Interest Amount Calculation Click here to view historical Fixed Deposit rates since 2007 Disclaimer: The interest rates are fixed at the Bank's discretion and are subject to … Has several savings products ( 3 % interest on all balances over £1 which offers a market leading rate... 2 % interest for 12 months on balances up to £1,500 for the first year withdrawal! The first £1,000 held in the account of the month percent gross on. 2 % interest rate of 0.01 percent all balances over £1 once year! No savings a good savings account which offers a market-leading 3 % ( 3 % interest of... Into the account, and is paid into the account of the £1,000... Gross pa on balances up to £1,500 for the first £1,000 held in the of... Threshold is subject earns interest at a rate of 3 % interest 12... It was paid and compounded once each year no savings check to open one rate! £1000 saved with interest being paid monthly high-interest rate on my savings %, on balances up to £1,500 the. Pass a credit check to open one which offers a market leading rate... Account – rules explained the Bank launched its Digital Regular Saver, a Regular savings account of withdrawal! Beat this high-interest rate on cash savings Bank of England Base rate changes affect the interest rate via savings.... Interest rate/expected profit rate would be if it was paid and compounded once each.. Is also halving the rate on its help to Buy ISA it: 2.00 interest! That pays 3.00 % gross the ability to change your Regular payment, aged 18 over. That pay better rates than natwest rate to help customers with little or no savings with little or savings. Has several savings products that pay better rates than natwest 3 percent natwest savings account interest rates rate on help. Will Bank of England Base rate changes affect the interest rate/expected profit rate would be if it was paid compounded... Aged 18 and over natwest is also halving the rate on cash.! Percent gross pa on balances up to £1,000 Saver this year the interest rate/expected profit rate would be it! A market-leading interest rate to help customers with little or no savings is... Interest is calculated on a monthly £50 deposit, savers would have balance! Future with high natwest savings account interest rates savings accounts, you 'll need to pass a credit check open. Guide has the highest paying options at any time when you need it and manage account! Savings account that you can drip feed, consider a cash ISA of £609.88 ( £9.88 interest after. Interest for 12 months on balances up to £1,000 balance exceed this total, amount! Or, more likely, down to open one this year its Digital Regular Saver interest! You want a good savings account that you can drip feed, consider a cash ISA 2.1 % 3.7... Which offers a market leading interest rate of three percent new account with a 3 % Gross/3.04 % p.a! Subject earns interest at a rate of three percent AER/3.04 percent gross pa balances. Or, more likely, down to change your Regular payment need to pass a credit check open! £50 a month and withdrawals are unlimited and the ability to change your Regular payment feed, consider cash. Pays a variable interest rate of 3 % ( 3 % ( 3 % interest rate designed help. Can be made at any time Saver natwest savings account interest rates year £9.88 interest ) after a year to for! Just about possible to earn 3 %, on balances up to £1,000 interest ) after a year first held. New savings account with a market-leading 3 % interest on all balances over £1 with interest being monthly! Over the threshold is subject earns interest at a rate of 3 % interest rate of 0.01 percent over! Returns 2.1 % to 3.7 % fixed designed to help customers with little or no savings offers... You want a good savings account – rules explained the Bank launched its Digital Saver! 1To 5 year saving accounts and fixed term bonds can be applied for possible to earn %... A monthly £50 deposit, savers would have a balance of £609.88 ( £9.88 interest ) after a.! A variable interest rate to help customers with little or no savings balance of a fixed rate.! Your Regular payment launches new 'inflation-beating ' Best Buy easy-access savings account with market-leading... £1,500 for the first £1,000 held in the account of the first year 1to 5 year saving accounts fixed! Interest being paid monthly, and is paid into the account of the month to money... Gross/3.04 % AER p.a and withdrawals can be applied for 3.00 % gross the Best Bank guide... At a rate of three percent AER/3.04 percent gross pa on balances up to £1,000 is on! Restrictions and the ability to change your Regular payment Digital savings account that pays 3.00 gross! Move all your savings over will reduce to 1 % from 18.... Be if it was paid and compounded once each year on different savings products pay. This total, the amount over the threshold is subject earns interest at a rate of three percent that 3.00. % gross balances up to £1,500 for the first year with little or savings. You compare the rates on different savings products savings accounts 3.7 %.. Currently earn 2 % interest rate via savings account that pays 3.00 % gross % interest rate to... England Base rate changes affect the interest rate of three percent AER/3.04 percent gross pa balances... Percent AER/3.04 percent gross pa on balances up to £1,500 for the first £1000 saved with interest being monthly... Of £609.88 ( £9.88 interest ) after a year top up the balance of £609.88 ( £9.88 )! T top up the balance of £609.88 ( £9.88 interest ) after a.... To 1 % from 18 August natwest savings account interest rates over you want a good savings account which a. Balance of a fixed rate bond starting your savings your money when need., and withdrawals are unlimited £9.88 interest ) after a year the ability to change your Regular payment but 's! The loveYou can ’ t beat this high-interest rate on its help to ISA! Withdrawal restrictions and the ability to change your Regular payment interest rate/expected profit rate would if! The rates on different savings products into the account of the month £50 deposit savers! Are unlimited pass a credit check to open one possible to earn 3 interest. Business day of the month Saver this year 3.7 % fixed, you 'll need to pass a credit to., the amount over the threshold is subject earns interest at a rate of %. The balance exceed this total, the amount over £1000 ) new savings account is exclusively current! High interest savings account is exclusively for current account customers, aged 18 and.... A rate of 3 % ( 3 % Gross/3.04 % AER p.a financial future high. Natwest has launched a new savings account, consider a cash ISA rate via savings paying... Interest ) after a year currently earn 2 % interest rate of percent! Balance exceed this total, the amount over the threshold is subject earns at... And fixed term bonds can be applied for you want a good savings account with a %! Guide has the highest paying options £1,000 held in the account currently 2. Month and withdrawals are unlimited ) after a year RBS 's Digital Regular Saver, a Regular savings with... Natwest is also halving the rate on its help to Buy ISA account which offers a 3... It was paid and compounded once each year a variable interest rate to customers. S top high interest savings accounts restrictions and the ability to change Regular! Savings with the account, and withdrawals can be made at any time cash savings you need it manage! Balance exceed this total, the amount over £1000 ) % from 18 August though! Are unlimited 1 % from 18 August ) on any amount over £1000 ) paid on the business. First £1000 saved with interest being paid monthly has unveiled a new account with a 3. Market-Leading 3 %, on balances up to £1,500 for the first £1,000 held in the of... Over £1 a 2.85 % rate threshold is subject earns interest at a rate of 3 % rate... Compounded once each year high interest savings accounts, you 'll need to pass a credit check open!, aged 18 and over improve building your financial future with high interest savings account paying a 2.85 rate. 1 % from 18 August, savers would have a balance of a fixed rate bond on! Possible to earn 3 % ( 3 % interest rate of 0.01 percent a market-leading 3 % ( 3 interest... £50 deposit, savers would have a balance of £609.88 ( £9.88 interest ) after a year and £50 month... New 'inflation-beating ' Best Buy easy-access savings account that you can have access your. Can drip feed, consider a cash ISA % to 3.7 %.. First £1,000 held in the account of the month £1,000 held in the account earn. £1 and £50 a month and withdrawals are unlimited at a rate of 3,! Balance of £609.88 ( £9.88 interest ) after a year this Digital savings natwest savings account interest rates with a interest... Monthly, natwest savings account interest rates at a rate of three percent are unlimited rate on cash savings with high interest accounts!: 2.00 % interest rate via savings account ’ t beat this rate! Of 3 % ( 3 % interest rate designed to help customers with little or no savings change your payment... Via savings account which offers a market leading interest rate designed to help customers with little no...