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NatWest account offers attractive 3.25% interest on savings but there is a catch | Personal Finance | Finance

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Savers on the lookout for a latest savings account could be tempted by NatWest’s Digital Regular Saver as they’ll earn as much as 3.25 percent interest.

While high street banks have been slow to pass on Bank of England (BoE) rate rises, NatWest has recently upped its rates so Britons will now receive 3.25 percent interest on £150 every month.

To qualify for this attractive rate of interest, people might want to find a way to frequently commit to saving between £1 and £150 every month.

The precise amount might be adjusted at any point but the utmost customers can save every month is £150.

Nevertheless, once the primary goal of £1,000 is reached the rate of interest lowers.

READ MORE: Attendance Allowance: Eight tricks to fill out the shape and receive £369

That is top-of-the-line rates available for an quick access savings account allowing customers to withdraw money at any time.

If an individual deposits £150 per thirty days, after 12 months the balance could be £1,825.58.

It might be a fantastic account for first time savers because it also has a Savings Goal Tool and a Round Up tool inside its banking app.

Any money saved with the Round Up tool is not going to count towards a customer’s monthly limit.

Currently, the very best bank bribes are:

  • HSBC – £170
  • First Direct – £150
  • Lloyds Bank – £125
  • Nationwide – £125.
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