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NatWest/RBS review fixed ISA for the better

NatWest/RBS review fixed ISA for the better

Category: Savings

Updated: 13/11/2017
First Published: 12/10/2011

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 It is now over 6 months old so the content may be out of date.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 and Royal Bank of Scotland have reviewed their fixed rate ISA deals for the better.

Their One Year Fixed Rate ISA has had its rate increased to 2.75%, while a new preferential rate of 3.10% has been introduced for anyone transferring an ISA from another provider.

The preferential rate is the star of the show, offering a competitive return without having to tie up funds for too long.

However, as is usually the case with fixed rate accounts, early access to funds is only allowed by closing the account and suffering the loss of 90 days' interest.

It is also worth bearing in mind that a reduced rate of interest (equal to that paid on the Instant Access ISA) is paid until the term of the product starts on 6 December 2011.

Nevertheless, four out of five Moneyfacts stars are richly deserved.

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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 Any products featured may be withdrawn by their provider or changed at any time.