By Lee Boyce. In the same week that NS&I announced huge interest rate cuts, Natwest has introduced a market-leading account offering a huge 3%. 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. The Bank of England monetary policy on economic issues such as inflation has a large impact on the interest rates NatWest sets for their bonds. 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. The Digital Regular Saver account offers a market leading interest rate of 3% (3% Gross/3.04% AER p.a. Why we like it: 2.00% interest for 12 months on balances up to £1,500 for the first year. Unlike competitor accounts, Savings Builder offers full flexibility allowing withdrawals and doesn’t have a set limited time frame for when accounts will mature and close. But it's still just about possible to earn 3% interest on savings tax-free. 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 … Where to find the best savings rates. Published: 07:53 EST, 24 October 2012 | Updated: 09:36 EST, 26 October 2012 Interest is paid on the first £1,000 held in the account, and withdrawals are unlimited. The Digital Regular Saver account also offers the flexibility of no withdrawal restrictions and the ability to change your regular payment. Should the balance exceed this total, the amount over the threshold is subject earns interest at a rate of 0.01 percent. The Digital Regular Saver is designed for those starting […] 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. NatWest has unveiled a new account with a market-leading 3% interest rate to help customers kick-start a savings habit. Like other fixed rate bonds NatWest offers, it offers fixed rates of interest over the short term 1 year timeframe for your deposit/savings. The NatWest First Reserve is ideal if you are starting your savings. NS&I Income Bonds pay 1.16% but you need a minimum deposit of £500 Regular savers were hit hard last year, with cuts to 5% rates across the board. Will Bank of England Base Rate changes affect the interest rate on my savings? The main drawback is that you won’t have easy access to your money – but if that’s okay with you, read more here and find a fixed rate savings account that suits you. You can have access to your money when you need it and manage your account online, phone or in-branch. Shawbrook Bank’s notice period account requires 100-day notice for any withdrawals and is available for savings from £5,000 to £2 million and it gives a variable annual interest rate which will drop if the minimum balance is not maintained. We can give you access the UK’s top high interest savings account. Fixed-rate bonds are savings accounts that usually pay a set rate of interest, agreed at the beginning, for a certain period of time. Once the account is closed we'll send you the Closing Document your solicitor needs to claim the bonus - allow up to 10 working days in total. However, that rate is variable and could go up or, more likely, down. If you want a good savings account that you can drip feed, consider a cash ISA. Natwest is also halving the rate on its Help to Buy ISA. NATWEST recently launched its Digital Regular Saver, a regular savings account which offers a market-leading interest rate of three percent. Fixed rate savings accounts. 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. 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. Other Instant Access Accounts: If you have an existing balance in the account, please transfer it out, or tell us which of your NatWest accounts you want the balance to be moved into using the fields below. If you’re setting aside money for a special occasion, or just want a guaranteed interest rate, a fixed rate savings account might be the answer. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone … It pays a variable interest rate of three percent AER/3.04 percent gross pa on balances up to £1,000. Customers can save between £1 and £50 a month and withdrawals can be made at any time. Premium Saver rewards customers with 1.00% AER every month they do not withdraw (on balances of £50,000 - £1m, different interest rates apply outside of this). 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. Note:Senior citizens get additional 0.25% rate of interest on Fixed Deposits. Details of interest rate changes for our savings accounts can be found on our Savings Interest Rates (opens in a new window) Ask a question. They generally offer higher interest rates than easy access accounts, especially if you opt for a fixed-rate bond that lasts for two years or … NatWest Regular Saver, 3.04% AER: this is for NatWest current account customers, and to secure this interest rate, you must pay in between £1 and £50 per month by standing order. Unlike savings accounts, you'll need to pass a credit check to open one. Bucking trends that have slashed savings rates close to zero, NatWest and RBS have launched a new regular saver paying a market-leading 3% interest. The headline interest rate is appealing when compared to the rates of HSBC and first direct, which offer 2.75% on their regular savings offerings. The switch could mean an account holder with £1,000 in a NatWest account could see that shrink to £999 or less within 12 months as the bank charges a negative rate of interest. Spread the loveYou can’t beat this high-interest rate on cash savings. Based on a monthly £50 deposit, savers would have a balance of £609.88 (£9.88 interest) after a year. NatWest states this digital savings account is exclusively for current account customers, aged 18 and over. But there are a few catches. APPLY FROM … Savings with the account currently earn 2% interest on all balances over £1. NatWest has launched a new savings account with a 3% interest rate designed to help customers with little or no savings. Higher tier returns 2.1% to 3.7% fixed. Interest is calculated on a daily basis, and is paid into the account of the first business day of the month. NatWest customers can access 3 percent interest rate via savings account – rules explained The bank launched its Digital Regular Saver this year. 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. 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