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Scottish Sun
14-07-2025
- Business
- Scottish Sun
NatWest to make huge change to FOUR bank accounts tomorrow – and customers need to check now
We reveal below how you can get the best savings rates BANK ON IT NatWest to make huge change to FOUR bank accounts tomorrow – and customers need to check now NATWEST is making a major change to four of its accounts tomorrow - and customers need to check if they're affected now. The bank is cutting interest rates on the accounts after the Bank of England (BoE) dropped its base rate from 4.5% to 4.25% in May. 1 NatWest is cutting interest rates on four of its accounts tomorrow Credit: Alamy The base rate is charged to smaller high street banks and any falls are usually echoed in savings rates. The major high street bank is dropping interest rates on three adult savings accounts and a kids current account. This is the full list of affected accounts: First Saver Adapt Account First Reserve Primary Savings How much the interest rates on these accounts will fall depends on how much you have in them. For example, those with a children's First Saver account and a balance over £1 will see their interest rates fall from 2.25% to 2.05%. If you've got a First Reserve account with £1 or more in there, the interest rate will fall from 1.25% to 1.15%. A spokesperson for NatWest previously told The Sun it had slashed rates on the savings accounts but was also passing on lower interest rates to mortgage holders. They said: "Following the Bank of England base rate cut, we will be passing on the rate cut in full to our customers on a Standard Variable Rate (SVR) mortgage. "SVR will be reduced from 7.49% to 7.24%, effective from June 1. Switch bank accounts for free perks "SVR customers may also be able to save money by switching to one of our fixed rate mortgages." MAJOR BANKS CUTTING RATES NatWest has already cut interest rates on a host of its bank accounts three times since the end of 2024. In December, it dropped the interest rates on its Digital Regular Saver, Flexible Saver and Savings Builder accounts. Then in March, it cut rates on 11 variable rate savings accounts including its Digital Regular Saver and Flexible Saver again. It also cut rates on four savings accounts on May 30. Banks and building societies have been reducing interest rates across accounts in recent months after a number of base rate cuts. Nationwide cut interest rates on over 60 savings accounts on June 1 including a number of ISAs and easy access accounts. Newcastle Building Society cut rates on 37 of its personal savings accounts on June 5. If you've got a savings account with an interest rate set to drop, it pays to shop around for a better deal. Banks and building societies rely on customers' laziness in not moving their money between the highest-paying accounts. Check out comparison sites like and to browse the best accounts on the market. For example, according to MSE, Chase is paying 5% interest on one of its savings accounts - but you'll need to sign up to a current account. Plum is also offering a cash ISA at 4.98%. Make sure you read all the details of what's included with a savings account though. You can only open some if you deposit a minimum amount while others set a limit on what you can save. Some savings accounts penalise you for withdrawing money while others let you withdraw cash whenever you want.
Scottish Sun
30-06-2025
- Business
- Scottish Sun
Five savvy ways to help you plan ahead and put cash aside for the festive period
Plus how you can save big on new workout gear SUN SAVERS Five savvy ways to help you plan ahead and put cash aside for the festive period Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) SIX months of the year have passed and it's time to look ahead and start saving. Put aside a little cash now to plan ahead for the festive period and life will be a lot easier come December. Sign up for Scottish Sun newsletter Sign up BUDGET BOOST: Work out your Christmas costs for gifts, food and booze, then divide it by 25 — the approximate number of weeks until Christmas — to see how much you need to put aside each week. So if you need to save £500, save £20 per week. Sell a few items on an auction site each month and save the cash and that's your festive period sorted. NO-SPEND DAYS: Pick one weekday to spend nothing. Pack lunches, walk to work, skip the takeaway coffee. Save £15 each no-spend day until November 1 and that's £270 towards the cost of Christmas. AUTOMATE IT: Use banking apps to squirrel away money. Try Monzo Round-Ups or NatWest's Digital Regular Saver to start stashing away spare change. With 175 days until December 22 — the last Monday before Christmas — 50p per day means £87.50 saved. FOOD SHOP: Asda's Christmas Savings Card is a helpful way to save. Sign up now or add a little every time you buy groceries and get a bonus amount in November depending on your balance. If you save £5 per week until November, that would be £90 put aside by November 1. Find out more at BANK BONANZA: To make extra cash, switch banks. Open the new TSB Spend & Save account and you get £100, then for up to six months earn £15 cashback when you make at least 20 card payments per month, with further incentives in December. See All prices on page correct at time of going to press. Deals and offers subject to availability. 7 Our tips will help you put aside cash ahead of the festive period Credit: Getty Save £10k in 5 Months: Milly's Box Challenge Revealed! Deal of the day 7 Save £75 on a five-pack of Bench T-shirts, now just £24.99 Credit: Supplied GET your summer wardrobe sorted at A five-pack of Bench T-shirts, with a recommended retail price of £99.99, is £24.99. SAVE: £75 Cheap treat 7 This £4 Glade candle is now just £1.29 at Home Bargains Credit: Supplied GIVE your home the scent of cherries with a Glade candle, usually £4, now £1.29 at Home Bargains. SAVE: £2.71 What's new? DINE at Las Iguanas with a friend today – on Tuesdays get a two-for-one deal on all your Mexican favourites including burritos, enchiladas, fajitas, and chillies. Top swap 7 This pair of Athena Dr Martens sandals is £100 from Credit: Supplied 7 Or opt for this similar style from Next, just £38 Credit: Supplied STEP into summer in a pair of Athena Dr Martens sandals, £100 from or pick up a similar style at Next, for £38. SAVE: £62 Little helper NEED some new workout wear? Get up to 50 per cent off in the sale. These leggings were £45, now £22.50. Shop & save 7 Save £2.02 on the Villa Maria Blush Sauvignon at Asda Credit: Supplied SIP on a glass of Villa Maria Blush Sauvignon with lots of ice. It's the perfect summer drink. A bottle was £9.98, now £7.96 at Asda. SAVE: £2.02 Hot right now GET up to 70 per cent off toys and games at – it's the perfect time to stock up on birthday or even Christmas pressies. PLAY NOW TO WIN £200 7 Join thousands of readers taking part in The Sun Raffle JOIN thousands of readers taking part in The Sun Raffle. Every month we're giving away £100 to 250 lucky readers - whether you're saving up or just in need of some extra cash, The Sun could have you covered. Every Sun Savers code entered equals one Raffle ticket. The more codes you enter, the more tickets you'll earn and the more chance you will have of winning!
Daily Mirror
25-06-2025
- Business
- Daily Mirror
NatWest gives some customers £125 - and you could get extra £50
The bank has announced a new offer for customers with certain accounts NatWest customers are in for a treat as they may be able to get an extra £175 in free cash. The banking giant is offering a £125 bonus for customers transferring from other providers to a NatWest Current Account. You can get an additional £50 if you open a Digital Regular Saver with the group. You can bag the £125 by moving your main current account using the Current Account Switch Service. The rules are that you must deposit £1,250 and log into the mobile app within 60 days of making the switch. The £1,250 can be added in multiple instalment, but it needs to sit in your account for at least a full day. Besides the £125 switch incentive, there's an opportunity to land another £50 by setting up a Digital Regular Saver in the same 60-day window. This savings account offers a 5.5% interest rate, and you can make monthly contributions ranging from £1 to £150. By maxing out the deposits, after a year, savers will accrue £53.53 in interest. The 5.5% rate applies to balances up to £5,000, with any amount above this attracting a lower rate of 1.15%. Paul Slinger, NatWest's head of Account Opening, said: "The Digital Regular Saver account is a great way to build a savings habit, and with Round Ups you can save even more. "This offer is a great way to receive a cash bonus and fully take advantage of all our current account benefits." Round Ups allow you to utilise your spare change to boost your savings. For instance, if you spend £2.80 on a purchase, you can 'round it up' to the nearest pound, with the 20p being added to your savings. This won't be included in your £150 monthly limit. You can also earn rewards that can contribute to the account. Rewards can be earned when you pay your direct debits, use your debit or credit card, or log into the mobile app. Once you've accumulated £5 in rewards, you can deposit this into your current account or a savings account. This also won't be counted towards the £150 limit. To take advantage of this, when making the switch you'll need to opt for a NatWest Reward Current Account, rather than a Select Account. The switch offer is available when switching to either a NatWest Select, Reward, Premier Select or Premier Reward account. When you switch bank accounts using the Current Account Switch Service, all your payments, such as direct debits and standing orders, will be automatically transferred to your new account. The process typically takes seven working days to complete.
Scottish Sun
30-05-2025
- Business
- Scottish Sun
NatWest to make huge change to millions of accounts TODAY – check if you're affected
We explain what to do if you're affected BANK ON IT NatWest to make huge change to millions of accounts TODAY – check if you're affected Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MILLIONS of NatWest customers will see a big change to accounts from today. The move will hit savers trying to make a return on their hard-earned cash. Sign up for Scottish Sun newsletter Sign up 1 NatWest is cutting rates hitting savers Credit: Getty The high street bank is chopping interest rates on a range of accounts from today. It comes after the Bank of England (BoE) slashed the base rate from 4.5% to 4.25% earlier this month. The base rate affects borrowing and saving rates offering by banks. Usually you will see rates come down if the central rate is lowered. And now NatWest is today cutting interest rates on four of its savings accounts including its Digital Regular Saver, Flexible Saver and Help to Buy ISA. The digital regular saver, flexible saver, savings builder and cash ISA are among other rates falling. The interest earned depends on how much money you hold in these accounts, you can see the full list of how rates are changing in the table below. Rates on three other savings accounts and a kids current account will be slashed from July 15. NatWest customers with a children's First Saver account and a balance of more than £1 will see the interest rate fall from 2.25% to 2.05%. If you've got a First Reserve account with £1 or more in the account, the interest rate will fall from 1.25% to 1.15%. You can see the changes taking place on accounts in July in the table below. A spokesperson for NatWest said: "Following the Bank of England base rate cut, we have made reductions to some of our variable rate savings accounts. "We will communicate these changes to customers in due course, giving at least 14 days' notice of any changes. "Details of these changes are available on our website now." The provider is also cutting rates on variable rate mortgages. NatWest has cut interest rates on accounts twice since the end of 2024. In December, the bank dropped the interest rates on its Digital Regular Saver, Flexible Saver and Savings Builder accounts. Then in March, it cut rates on 11 variable rate savings accounts including its Digital Regular Saver and Flexible Saver again. It's not the only provider trimming returns for savers. Nationwide is cutting interest rates on over 60 savings accounts from June 1 including a number of ISAs and easy access accounts. And Virgin Money is trimming the rate on its M Plus Saver account next month. What to do if your savings rate is being cut If your interest rate drops, look to see if you can get a better return elsewhere. Price comparison sites such as or show the best savings accounts on the market. Take action and move your money if you can get a more attractive return. But do check whether the headline savings rate includes a bonus rate. These bump up returns for a short period so you'll need to make a note to switch when those bonus rates fall off. Others will only offer you a specific interest rate if you make a limited number of withdrawals each year. Go over this withdrawal limit and the interest rate can plummet. Some savings accounts offer additional perks which can make them attractive.
Daily Mirror
20-05-2025
- Business
- Daily Mirror
Natwest customers urged to act ahead of huge change to bank accounts this month
The cut to interest rates comes as the Bank of England slashed its base rate by 0.25 percentage points to 4.25% earlier this month. On the day, savers were immediately warned about the impact the move would have on them Natwest is making a huge change to millions of bank accounts from next month in a blow to banking customers. The high street building society will be slashing the interest rates offered on some of its most popular savings accounts from May 30. Some of the Natwest accounts impacted by the cuts at the end of this month include its Digital Regular Saver, Flexible Saver and Help to Buy ISA. However, a further four will see rates drop a little later from July 15 and these include the building society's First Saver, Adapt Account, First Reserve, and Primary Savings. Only one Natwest savings account is not changing, and this is its Cash ISA. The interest rate for this account will remain at 2.7% for balances over £25,000 and at 1.4% for those under. The cut to interest rates comes as the Bank of England slashed its base rate by 0.25 percentage points to 4.25% earlier this month. On the day, savers were immediately warned about the impact the move would have on them. The Bank of England's base rate influences what banks and lenders charge you to borrow money, but it also dictates how much banks will pay you in interest on your savings. When the base rate is higher, the banks will pay you more. When the base rate drops, the banks will pay you less. Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: "Savings rates are now firmly in retreat mode and with more bank rate reductions expected, those that want to preserve their return must act fast by securing the best deal possible while interest rates remain on the higher side. "This is imperative for anyone with money idling in a current account or an old savings account offering a dismal return, which is being slowly eroded by inflation." Sign up to Mirror Money's newsletter for the latest advice and news From universal credit to furlough, employment rights, travel updates and emergency financial aid - we've got all of the big financial stories you need to know about right now. On the rate cuts, a Natwest spokesperson said: "Following the Bank of England base rate cut, we have made reductions to some of our variable rate savings accounts. "We will communicate these changes to customers in due course, giving at least 14 days' notice of any changes. Details of these changes are available on our website now." Full list of Natwest savings accounts changing Digital Regular Saver (£1 – £5,000) - Going from 6.17% to 5.50% Digital Regular Saver - (Over £5,000) - Going from 1.25% to 1.15% Flexible Saver - (£1 – £24,999) - Going from 1.25% to 1.15% Flexible Saver - (£25,000 – £99,999) - Going from 1.85% to 1.70% Flexible Saver - (£100,000 – £249,999) - Going from 2.10% to 1.95% Flexible Saver - (£250,000 – £999,999) - Going from 2.70% to 2.55% Flexible Saver - (£1million plus) - Going from 2.70% to 2.55% Savings Builder - (£1 – £10,000) - Going from 2.00% to 1.75% Savings Builder - (Over £10,000) - Going from 1.25% to 1.15% Cash ISA (Tax-free) - (£1 – £24,999) - Going from 1.40% to 1.40% Cash ISA (Tax-free) (£25,000 plus) - Going from 2.70% to 2.70% Help to Buy ISA (Tax-free) - (From £1) - Going from 2.02% to 2.05%
