Natwest e-ISA 2 reviews

Published on 7 November 2010 by Raffick Marday

The Natwest e-ISA is a completely internet based account. You can administer you account and manage your money completely online. The savings are absolutely tax efficient. Which means interest is paid tax free and is exempted from UK income tax.

What Are The Benefits Of Natwest e-ISA?

The Natwest e-ISA account is the best for those who wish to hold an ISA account and manage it online. Besides this, there are other benefits too. As in, you get tiered interest rates. This means, that the more you save, the more interest you earn. You are not charged any penalties. We do not charge you for withdrawing you money. You can withdraw your money from your account anytime you wish. Nevertheless, if you decide to make further more deposit, you should keep in mind that you can only deposit a maximum of £ 5,100 over the entire tax year.

The tax free interest is paid on a monthly basis. It is paid directly into your account. You also develop a savings habit. We can especially for our customers, set up a regular transfer from your other Natwest account. You can set up and track your own personal savings goal. This shall, obviously be done through online banking.

How To Apply?

Transferring from e-ISA is very easy. There are few very easy steps through which you can get or transfer your e-ISA. Firstly, you apply online for the e-ISA. Then, you have to complete the paperwork. If you already bank online with us, your e-ISA should be opened immediately. If you are new to NatWest, we will send your paperwork in the next few days. We’ll also ask you to send identification documents. Once we’ve received these documents, we’ll check them and return them to you. Then your e-ISA is ready to use. Then, you can transfer other ISAs.

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