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NatWest launches Regular Saver

NatWest launches Regular Saver

Category: Savings

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
NatWest has launched the Regular Saver product, which offers a good opportunity for customers who are confident they can put a little away each month.

It is a 12 month fixed term regular savings account, which requires a minimum monthly payment of just £25 (maximum £250), paying 5.00% on your money when the term ends.

Twelve consecutive payments must be made and can be conducted by standing order, cash or cheque. Payments can be amended with additional payments made up to £250. Anything amount over £250 will earn a nominal amount of interest.

If a payment is missed or a withdrawal is made, the account reverts to an Instant Access Reserve, while applicants must have or open a NatWest current or additional savings account.

Investors should bear these conditions in mind, but one of the lowest minimum contributions, coupled with one of the top paying rates, should make the Regular Saver a popular product.

It has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.