Natwest 2 Year Fixed Rate Bond 2 reviews
If you are looking to save at least £ 5,000, keeping in mind that you have to leave it untouched for the next 2 years, then our 2 year Fixed Rate Bond could be the perfect answer. Once your Fixed Rate Bond application is processed, the funds will be shifted from your appointed account to your Fixed Rate Bond account. The interest will be paid at the Bank of England base rate, currently 0.50%, until the start date of your bond , that is 04 January 2011.
Another NatWest account shall be needed for the payment of interest. This means that you will need to have a NatWest current account or certain instant access savings accounts (this excludes our e-Savings and Cash ISA savings accounts) for payment of interest.
Annual interest is computed on a daily basis, and it is paid to you on the last business day in April and on the last day within the term of the Bond.
There are no partial withdrawals allowed nor is there any additional deposits are permitted. An early closure of the Bond will lay you open to an early emancipation fee equivalent to 180 days Gross interest.
Gross is the interest paid before the deduction of tax.
The annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
What Are The Benefits Of Natwest 2 Year Fixed Rate Bond?
The NatWest 2 year fixed rate bond account is very beneficial for those who wish to multiply their savings over a time span of two years. For this, besides savings they are required to leave that undisturbed for a time span of two years.
With the NatWest 2 year fixed rate bond you get 3.50% AER/Gross. The interest paid annually to you and your investment can vary from £5,000 to £500,000.