Good for rewards: NatWest Premier Reward Account

£0.01
Min. opening balance
£2 per month
Account fees
0% AER
Interest (AER)
Rewards are the name. The NatWest and Royal Bank of Scotland Premier Reward accounts are all about rewarding you each month. You can earn your monthly rewards simply by having 2 or more direct debits a month and logging into the mobile app each month. There’s also the opportunity to earn cashback when you spend at specific retail partners. What makes this reward programme stand out is the flexibility of how you use your rewards. Once your rewards balance hits the required amount, you can choose to add it to your bank account, trade for gift cards or e-codes with partner retailers or donate to one of the bank’s chosen charities. However, the accounts do have a small monthly fee in addition to some eligibility requirements.
Eligibility requirements
To qualify for NatWest Premier you must meet 1 of the following: pay a minimum £100k sole income or £120k joint income into a NatWest account, have a £500k minimum mortgage borrowing with NatWest or have a minimum of £100k savings or investments with NatWest.
- Earn rewards that can be redeemed in various ways
- Round-the-clock support including a dedicated banking manager
- Arranged overdraft available
- Access to exclusive products
- Monthly fee
- Strict eligibility criteria
- Interest charged on overdrafts at {{ MONEYFACTS.OD_ARRANGED_RATE }} EAR (variable), subject to eligibility
Minimum opening balance | £0.01 |
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Minimum operating balance | £0.01 |
Switch service guarantee | Yes |
Account fee | £2 per month |
Overseas card transactions | 2.75% |
Overseas cash withdrawals | 2.75% |