NatWest
3 followers
NatWest 1 Year Fixed Rate Bond
| Type | Fixed |
| Rate | 0.95% |
| Currency | GBP |
Website: http://www.natwest.com
Authority: National Westminster Bank Plc or NatWest is a major retail and commercial bank in the UK with history from as far back as 1650. It is a subsidiary of the Royal Bank of Scotland Group plc and has a large network of branches and ATMs in the UK.
How to open a NatWest Fixed Rate Bond:
- You can open the bond online by applying on the NatWest website: http://www.natwest.com
- You can open the at NatWest branch. You can find your nearest branch by using their branch locator tool on their website using parameters such as typing in your street name, city or postcode.
What are the requirements to open a UK NatWest Fixed Rate Bond:
- According to the NatWest website, if you apply online you may be required to be required to be aged 18 years or over, permanently resident in the UK for tax purposes and have a NatWest account.
Information to consider when opening an NatWest 1 Year Fixed Rate Bond:
Like other fixed rate bonds NatWest offers, it offers fixed rates of interest over the short term 1 year timeframe for your deposit/savings. The Bank of England monetary policy on economic issues such as inflation has a large impact on the interest rates NatWest sets for their bonds. However, unlike 'online banks' they have significantly higher operating costs (maintaining branch networks), capital requirements/regulations that also impact the rate they provide.
The Current interest rate AER applicable below is for Interest Paid Annually for �5,000 - �500,000
The rate of 0.95% is 0.15% lower than the average 1.1%. Also it is 1.1 % lower than the highest rate 2.05 Updated Jul, 2018
Website: http://www.natwest.com
Authority: National Westminster Bank Plc or NatWest is a major retail and commercial bank in the UK with history from as far back as 1650. It is a subsidiary of the Royal Bank of Scotland Group plc and has a large network of branches and ATMs in the UK.
How to open a NatWest Fixed Rate Bond:
- You can open the bond online by applying on the NatWest website: http://www.natwest.com
- You can open the at NatWest branch. You can find your nearest branch by using their branch locator tool on their website using parameters such as typing in your street name, city or postcode.
What are the requirements to open a UK NatWest Fixed Rate Bond:
- According to the NatWest website, if you apply online you may be required to be required to be aged 18 years or over, permanently resident in the UK for tax purposes and have a NatWest account.
Information to consider when opening an NatWest 1 Year Fixed Rate Bond:
Like other fixed rate bonds NatWest offers, it offers fixed rates of interest over the short term 1 year timeframe for your deposit/savings. The Bank of England monetary policy on economic issues such as inflation has a large impact on the interest rates NatWest sets for their bonds. However, unlike 'online banks' they have significantly higher operating costs (maintaining branch networks), capital requirements/regulations that also impact the rate they provide.
The Current interest rate AER applicable below is for Interest Paid Annually for �5,000 - �500,000
The rate of 0.95% is 0.15% lower than the average 1.1%. Also it is 1.1 % lower than the highest rate 2.05 Updated Jul, 2018
Type
Fixed
Rate
0.95%
Currency
GBP
Q: Our 1 year fixed bond finishes this feb or March. If I want to reinvest it do I have to do anything or is it done automatically. If I want to reduce the amount do we have to close the account and reinvest???
Q: I have a sum of money available towards the end of October. Will I be able to put it in the Natwest 1 year fixed rate bond then?