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NatWest is currently offering a £200 cash incentive for switching to their Select or Reward or Premier Current Accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.45%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.40%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.35%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Hampshire Trust Bank
Online Easy Access Account Hampshire Trust Bank
Min deposit £1
Term Instant Access
Interest AER 4.15%

Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.10%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 4.90%

Why we like it: Unlimited withdrawals subject to 95 days notice.

OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 4.89%

Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 4.84%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.55%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Chip
Easy Access Saver Account Chip
Min deposit £1
Term Easy Access
Interest AER Up to 4.50%

Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.65%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 4.50%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

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Switch to NatWest & Get £200

NatWest is currently offering £200 if you switch bank account to them.

This article aims to show you how to switch from your current bank to NatWest, enjoy hassle-free banking, and receive a £200 bonus payment.

Why Choose NatWest?

Do you want to avoid dealing with long queues, high fees, and poor customer service at your current bank? The process of switching to a new bank is not as daunting as it may seem.

NatWest offers a comprehensive range of banking services to meet the various financial needs of its customers. These services include personal banking, business banking, mortgages, loans, investments, insurance, credit cards, and savings accounts.

Customers can access their accounts through a variety of channels, such as online, mobile banking, telephone banking, and in-branch services. NatWest also provides helpful tools and resources to help customers manage their finances, such as budgeting tools, calculators, and more.

With a long history of offering excellent banking services, NatWest is one of the UK's most trusted and reliable banks.

Benefits of Switching to NatWest

As well as getting a £200 bonus, switching bank to NatWest has many benefits, including:

  • Among the services that NatWest provides are current accounts, savings accounts, credit cards, mortgages, and loans.
  • With NatWest's online banking system, you can manage your finances anywhere with their mobile app.
  • With NatWest's extensive branch network, you can easily access banking services in person.
  • As a NatWest customer, you can access their customer services team 24/7 with any queries or concerns. They are available through one of their branches or via online video chat.
  • A large network of ATMs and branches throughout the UK
  • Low fees and charges for using banking services
  • Access to a range of savings accounts. Right now, you can benefit as a NatWest customer. You can get access to the "Digital Regular Saver Account." This account pays a competitive 6% on balances up to £5,000."
  • Full fraud protection - NatWest will refund any money that is paid out of your bank account by a fraudster if you have kept your login details secure.

How to Switch Bank to NatWest?

NatWest offers a convenient and secure way to switch your current bank account to them. This is done through the Current Account Switch Service (CASS).

  1. This article will guide you through the process of switching to a NatWest current account.
  2. It will show you how to transfer direct debits and standing orders.
  3. It will also explain how to switch your salary payments.
  4. Lastly, it will explain how to close your existing account with your old bank.

We'll also explain how to open a NatWest current account and what to do if you need help with the switch. Finally, you'll find out how long the switch will take and what happens once it's complete. So, if you're ready to switch to NatWest, read on and find out exactly how to do it.

To change your bank to NatWest, follow these steps:

Step 1 - Research NatWest's Products and Services

Whilst the offer of £200 is attractive before you switch your bank account to NatWest, it is important to research the bank's products and services. This will ensure that they meet your financial needs. Visit NatWest's website or speak with a customer service representative to learn more about the bank's products.

Step 2 - Open a NatWest Account

To switch to NatWest, you will need to open a new account. To get the £200 cash bonus, you must open your new account online or use the NatWest banking app.

Step 3 - Transfer Your Funds and Direct Debits

In order to ensure a smooth transition, you will need to transfer your funds and direct debits from your current account to the new NatWest account. You can do this online using the "Current Account Switch" service. 

Step 4 - Close Your Current Account

When you have moved your money and payments to a new bank, you can shut down your old account with the prior bank.

How to switch to NatWest bank using CASS

Switching to a new bank or building society using CASS is straightforward. Here's what you need to do:

  • Choose NatWest as the bank you want to switch to and apply for one of their accounts (Select, Reward, Premier Banking).
  • Provide your new bank or building society with proof of your identity and address.
  • Complete a Current Account Switch Agreement (CASA) with NatWest.
  • NatWest will contact your old bank or building society to start the switching process.
  • Your old bank or building society will provide a list of your standing orders, direct debits, and regular payments to NatWest.
  • NatWest will set up your new account and transfer your balance, standing orders, and direct debits.
  • Your old account will be closed, and any remaining balance will be transferred to NatWest.
  • Timeframe for switching using CASS is up to 7 business days.

FAQs

Q: Is it straightforward to switch bank to NatWest?

 A: Yes, transferring to NatWest is a straightforward process that can be completed quickly.

Q: Will I incur any fees or charges for switching bank to NatWest?

 A: No, NatWest does not charge any fees or charges for switching to the bank.

Q: Can I manage my finances online with NatWest?

 A: Yes, NatWest offers a great online banking service that lets you manage your finances anywhere.

 Q: How long does it take to switch banks to NatWest?

 A: NatWest will keep you updated throughout the switching process, which can take up to 7 business days.

Q: Do I have to close my old bank account?

A: No; however, if you use the CASS service, your old account will be closed automatically.

Q: What information will I need before I switch to NatWest?

A: It is essential that your existing bank or building society has your most recent information on file, such as your current address if you have recently moved. Also, if you have a joint account, make sure you are both in agreement to the move.

Q: When will I receive the £200 bonus payment for switching bank?

A: When you have met the conditions of the Switch, NatWest will pay £200 into your bank account within 7 days.

Types of NatWest Bank Accounts to Switch to

1. NatWest Select Current Account

In addition to the £200 cash incentive, the NatWest Select Current Account boasts features such as:

  • No account fees
  • Minimum opening balance of £0.01
  • 0% AER interest (annual equivalent rate)

The NatWest Select Current Account gives you access to their Digital Regular Saver. The top rate of interest on this savings account for balances up to £5,000 is 6%.

Requirements for the NatWest Select Current Account 

  • Minimum deposit of £1,250 to open the account
  • Must log in to the NatWest banking app within 60 days

Should you meet this account's criteria, you will receive the £200 cash bonus within 7 days. 

2. NatWest Reward Current Account

The £200 bank switch offer also applies to the NatWest Reward Current Account. This product comes with a fee of £2 per month, and you can earn up to £5 in Rewards for 2 or more Direct Debits and £1 with 1 mobile app log-in, So that's a net figure of £3 per through this bank account.

Switching to the NatWest Reward Current Account enables you to make a total earning of £236 in a year by:

  • Minimum deposit of £1,250 to open the account
  • Must log in to the NatWest banking app within 60 day
  • Logging in to the NatWest banking app once a month
  • Setting up at least two direct debit payments of £2 plus
  • Meeting eligibility criteria set out by NatWest

3. Premier Bank Account

With a Premier account, you can benefit from one-to-one support for more complex financial decisions. 24/7 support. Arranged overdraft facility. No monthly fees.

Criteria to be approved for a Premier account.

  • Minimum £100k sole income or £120k joint income paid into NatWest account or
  • £500k minimum mortgage borrowing or
  • £100k of savings or investments held with NatWest




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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.