NatWest Private Banking Savings Account 2 reviews

Published on 11 November 2010 by Raffick Marday

Get a complete new experience of banking with the help of NatWest. The NatWest Private Banking Savings Account is meant for your utmost convenience. Now you don’t have to worry about travelling to the branch to manage your account. You can do that without wasting much of your precious time through phone or by internet. Creating the account is very easy with no minimum or maximum deposit limit.

With great interest rates you can enjoy huge benefits as well, only with Private Banking Savings Account. You can have access to your money instantly through several NatWest or NBS cash machines round the corner. You also have the independence to manage your account and make deposits or withdrawal whenever and wherever you want with the help of online and phone banking service. As this account is available only to the Private Banking customers, the more you save and deposit in your account the higher would be the rate of interests provided to you.

The Private Banking Savings Account provides interest at a very convincing rate. The interest is paid quarterly and is variable. For balances above £250,000, the AER is 0.50%, Gross rate is 0.50% and Net Rate is 0.40%. For balances from £249,999 – £100,000 the AER is 0.35%, Gross rate is 0.35% and Net Rate is 0.28%. For balances from £99,999 – £50,000 AER would be 0.25%, the Gross Rate 0.25% and Net Rate 0.20%. For balances from £49,999 – £25,000, the AER would be 0.20%, whereas the Gross rate would be 0.20% and the Net Rate 0.16%. For balance ranging from £24,999 – £5,000 the AER would be 0.20%, Gross Rate would be 0.20% and the Net Rate would be 0.16%. And For balances from £4,999 – £1, the AER would be 0.20%, Gross Rate is 0.20% and Net Rate is 0.16% respectively.

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