Natwest has increased the rate paid on its no notice account.
The E-Savings now pays 2.85% following a 1.85% bonus for 12 months.
A dramatic increase in rate, despite it being by way of the introduction of a large bonus, is excellent news for internet investors who prefer to bank with a high street name.
At 2.85% (2.89% AER) it is a market leading no notice account and should have widespread appeal.
Investors will need to ensure they carry out a review after 12 months when the rate will drop dramatically and is unlikely to remain competitive.
Five out of five Moneyfacts stars have been awarded.
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