£125 switch incentive & linked saver
NatWest is one of the UK’s ‘big four’ banks (as a part of The Royal Bank of Scotland Group). It’s home to roughly 7.5 million UK customers, with 850,000 small business accounts.
Follow the rest of this guide to get a picture of everything that’s on offer with NatWest.
In 1968 NatWest was formed out of a merger between National Provincial Bank and Westminster Bank. NatWest offers a range of products to suit all banking requirements. Since then, NatWest has been a regular presence on high streets up and down the UK – with 3,600 branches across the country.
In March 2000, The Royal Bank of Scotland completed the acquisition of NatWest in a £21 billion deal – the largest in British banking history. As a result, NatWest is now part of one of the world’s largest financial services groups.
NatWest currently offers five different current accounts:
Use the Current Account Switch Service to close your current account held elsewhere and switch to NatWest by 7 June 2019.
Pay in at least £1,500 and log in to online or mobile banking by 12 July 2019. Before 1 June 2020 use your Debit card linked to your opened account at least once per month.
Applicants must be 18 or over and a UK resident.
NatWest currently offers five different savings accounts:
Fixed Term Savings
NatWest currently offers three different cash ISAs:
Fixed term ISA
Help to buy ISA
A cash ISA is a savings account where you don’t pay tax on the interest you earn. That’s it! The tax-free bit is the only real difference.
NatWest offers both!
Customers can manage their finances through a secure online portal, or via a mobile app.
The NatWest app is available to its customers with UK mobile numbers. The app was voted ‘Best Banking App’ in the British Bank Awards 2017. On the app, you can:
It offers accounts for both students and graduates:
NatWest offer the following children’s accounts:
NatWest offers a ‘Switch Guarantee‘, which simply means it will make the switchover as painless as possible. If you visit a branch they will be able to help you with:
They aim to have this all done within 7 working days.
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
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