Natwest 5 Year Children’s Bond 1 review
With the NatWest 5 year children’s bond account you can give your children a head start by getting a sure shot rate of interest for 5 years. This means, for five years your child gets a fixed interest and makes some money! A great start for a novice in money matters! The interest rate is fixed from the start. Hence, it is very good to begin with.
The five year children bond rates are as follows, balance is the growth with 3.00 % AER and a gross rate of 3.00 % too. The net rate is nevertheless 2.40 %. The minimum investment is £ 1000 and Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and multiplied each year. Gross is the rate paid before the deduction of tax.
What Are The Benefits Of Natwest 5 Year Children’s Bond Account?
The Natwest 5 year children’s bond account is very good to start with, for your child. You can help him establish a financial base. This shall prove very beneficial to him in future. The interest rate is fixed from the start. You get a sure shot return after five years with a minimum deposit of £ 1,000. You have your interest accumulated throughout the term of five years.
In addition to that, you can make sure that your child is given both the initial investment and the sure shot return. Moreover, you may be able to earn interest free of tax.
You can visit your nearest branch for further more details.
How To Apply For Natwest 5 Year Children’s Bond?
To apply for NatWest 5 years children’s bond you need to either visit any close by branch of NatWest, or you may even call us on our helpline number. We shall assist you in every way. We are available on weekdays from 8am to 8pm!