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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
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NatWest has made a number of changes to its savings accounts terms and conditions, which increase restrictions on the accounts and cut rate change notice periods.
Savings customers will no longer be able to use their savings accounts to pay bills or transfer money and customers will only be able to send money to their own NatWest current accounts. In addition to this, NatWest has cut the notice period it gives customers about rate changes from 60 days to just 14 days, while those with savings of less than £100 will not receive any warnings about rate changes.
According to NatWest, these changes have been made to bring its savings accounts in-line with what many other major banks already do. In addition to this, the bank states that ATM cards on savings accounts are used by less than 2% of its customers.
Savers with less than £100 in savings will still be notified of rate changes in NatWest branches, on its website and through press adverts. NatWest also informed Moneyfactscompare.co.uk that the new rates will be displayed on its mobile app and online banking.
A spokesperson for NatWest said: “We want to help our customers save more and are doing this by differentiating our savings accounts from our current accounts. Savings accounts will focus on saving, meaning we will no longer issue ATM cards for these accounts and funds will need to be paid into a current account of the same brand before they can be paid elsewhere. We have found this helps customers to save even more and can help prevent against fraud.”
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.