Unfortunately, this deal is no longer valid
£50 cash back for NatWest Reward Customers (If you open an investment account by 5pm 31st July and invest at least £250)
762° Expired

£50 cash back for NatWest Reward Customers (If you open an investment account by 5pm 31st July and invest at least £250)

125
Posted 5th Jul

This deal is expired. Here are some options that might interest you:

Just got this email from NatWest...

We have a special offer for Reward current account customers that are new to NatWest Invest.

Open an investment account by 5pm 31st July and invest at least £250 (net of any withdrawals) by 30th November to get £50 cashback.

Pretty decent deal for some who have £250 lying around in their account doing nothing. Hope it helps a few
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Might want to put NatWest Reward customers in the topic (many probably have the free account, not the £2 per month account).

You can switch to that account, however.
Edited by: "Ashe" 5th Jul
Sharpharp08/07/2019 10:31

Everything good except the £2 a month fee, i'm out

You make £6-£15 cash back on bills for not doing anything!? You may aswel be out of the hukd app mate
125 Comments
Sharpharp08/07/2019 13:52

There are way better ways to get discounts on household bills than using …There are way better ways to get discounts on household bills than using Natwest, honestly some people are clueless



Oh right, but you didn't fancy sharing them?
Jules_HT08/07/2019 15:14

Oh right, but you didn't fancy sharing them?



Claiming benefits?

Been using reward account for years. What is not to like?
jp-supra08/07/2019 15:21

Claiming benefits?Been using reward account for years. What is not to …Claiming benefits?Been using reward account for years. What is not to like?



Exactly. Rejecting an account because there is a fee, when there is 3 or 4 times the amount of the fee available in cashback each month- that's a pretty good definition for clueless (before you even consider the investment or switching bonuses).
Jules_HT08/07/2019 15:14

As I understand it, you can only invest in one stocks and shared ISA …As I understand it, you can only invest in one stocks and shared ISA within the year. So if you already have one for this year you would need to switch it to Natwest/RBS. If you have one for a previous tax year you can start a fresh one here.


Yeah the issue I have is that my current stocks and shares isa also has a cashback offer active on it so I can't switch.
For those with a decent amount of money to invest, better to use your £20k ISA allowance wisely with a low fee platform like iWeb or Vanguard.
Don’t forget the bonus of the account free mobile phone insurance, taste card and car breakdown cover
MarkShopper08/07/2019 15:43

For those with a decent amount of money to invest, better to use your £20k …For those with a decent amount of money to invest, better to use your £20k ISA allowance wisely with a low fee platform like iWeb or Vanguard.


are there any isa's now that you get more than 1-2%....?
MarkShopper08/07/2019 15:43

For those with a decent amount of money to invest, better to use your £20k …For those with a decent amount of money to invest, better to use your £20k ISA allowance wisely with a low fee platform like iWeb or Vanguard.


I was going to say something similar... if considering this as a start to investing, rather than a way to get the £50, vanguard is worth looking at, which has a platform fee of 0.15%... pick an index tracking fund like LifeStrategy with an OCF of 0.22% and you are already up 0.65% per year on NatWest (assuming their fund can match the performance of the market). Might seem like small numbers to worry over, but compounding returns can make a significant difference.
Jules_HT08/07/2019 15:14

Oh right, but you didn't fancy sharing them?



No need to, you're more than content with Natwest
Sharpharp08/07/2019 17:41

No need to, you're more than content with Natwest


As the saying goes - all mouth, no trousers.
Ashe08/07/2019 17:53

As the saying goes - all mouth, no trousers.



As the saying goes for the gullibles like u, what you don't know, won't hurt ya
Anyway, back to addressing the adults. For those with a non-fee paying account (e.g. Select), you can convert it into a Reward account here to qualify for the promotion - same form can be used to convert back later. Bottom of page, select 'existing' customer, then there's a link to change your account type.

personal.natwest.com/per…tml
Edited by: "Ashe" 8th Jul
Ashe08/07/2019 18:28

Anyway, back to addressing the adults. For those with a non-fee paying …Anyway, back to addressing the adults. For those with a non-fee paying account (e.g. Select), you can convert it into a Reward account here to qualify for the promotion - same form can be used to convert back later. Bottom of page, select 'existing' customer, then there's a link to change your account type.https://personal.natwest.com/personal/current-accounts/accounts/reward_account.html?



Do you get the £125 switching fee if you do that? If not I'd port to RBS (or vice versa) and collect that along the way too.
Sharpharp08/07/2019 17:41

No need to, you're more than content with Natwest



Cone on, own up- you live with your parents so don't have any bills to pay. It's fine, the rest of us were kids once too.
Jules_HT08/07/2019 18:33

Do you get the £125 switching fee if you do that? If not I'd port to RBS …Do you get the £125 switching fee if you do that? If not I'd port to RBS (or vice versa) and collect that along the way too.


No, it'd just change your account type to Reward instead of Select. It'd be more for people who either already have had a switching bonus and have an existing Select account, or those who aren't interested in switching to another bank at this exact moment in time.
Ashe08/07/2019 18:43

No, it'd just change your account type to Reward instead of Select. It'd …No, it'd just change your account type to Reward instead of Select. It'd be more for people who either already have had a switching bonus and have an existing Select account, or those who aren't interested in switching to another bank at this exact moment in time.



Fair enough. On the subject of switching, since RBS and Natwest are pretty much identical (same app, same website, same product & T&Cs) this is about as easy a switch as you're ever going to get, and for good money too. But appreciate some people just don't want to do that for whatever reason and that's cool. Equally if you've already taken the bonus. Just making the point for anyone who maybe hadn't realised the option was there.
Sharpharp08/07/2019 13:52

There are way better ways to get discounts on household bills than using …There are way better ways to get discounts on household bills than using Natwest, honestly some people are clueless


Which world you living in?!! No matter what discounts you get on your household bills that’s good for you! But when it comes out by direct debit you will get cash back on top of that!!! Purely because it came out by direct debit method!!
Thanks for posting @MusaX we have added this to today's Highlights pages
Benneh08/07/2019 14:16

Shocking bank. Dont be fooled, Natwest is just RBS is disguise.Go invest …Shocking bank. Dont be fooled, Natwest is just RBS is disguise.Go invest with Nutmeg if you want a better investment return.


Explain yourself, how nutmeg is better
When's the cashback paid
Easy money. Thank you
From what I can see, according to the fact sheet, all of these invest accounts lost money last year.

Anyone have any "investment" advice? It's not like I have a lot of money to invest, but I have about 8 grand sitting in a Halifax ISA that I get almost nothing for these days and more just sitting in my normal accounts that I don't use to spend currently. Is there anything better to do with this money that is not too risky?
Edited by: "ChildofChaos" 8th Jul
pingsteruk08/07/2019 17:34

I was going to say something similar... if considering this as a start to …I was going to say something similar... if considering this as a start to investing, rather than a way to get the £50, vanguard is worth looking at, which has a platform fee of 0.15%... pick an index tracking fund like LifeStrategy with an OCF of 0.22% and you are already up 0.65% per year on NatWest (assuming their fund can match the performance of the market). Might seem like small numbers to worry over, but compounding returns can make a significant difference.


Can you trade stocks and shares through vanguard? I'm currently using IG but the resting charges are ridiculous.
Wouldn’t bother - the application process is a joke and then they decline you
You have to invest at least £500, or am I missing something?
Shuggy708/07/2019 22:43

Can you trade stocks and shares through vanguard? I'm currently using IG …Can you trade stocks and shares through vanguard? I'm currently using IG but the resting charges are ridiculous.


If using them as a platform, you can only trade in vanguard funds... So not suitable for everyone but then it doesn't look like natwest give you much choice either.

If your current platform feels expensive, have you compared with others on a site like monevator? The flat fee ones are best for larger amounts: £10 a month is a lot if you have £1k invested but not so much if you have £30k.
Ashe05/07/2019 13:25

Yep, fair enough. Just really highlighting for those that the £250 might …Yep, fair enough. Just really highlighting for those that the £250 might be more of a concern for that they can avoid much of the Brexit uncertainty (probably) by sticking most in at near end November.That's not to say it couldn't suddenly nosedive on 30 November, of course - anyone investing needs to know the risk.


Surely a chance that you may miss growth by not putting the full £250 in now? (But I get your point, just adding for balance). Lots of comments on here talk about the potential for markets to decline between now and November. But that’s not a given.
MarkShopper08/07/2019 15:43

For those with a decent amount of money to invest, better to use your £20k …For those with a decent amount of money to invest, better to use your £20k ISA allowance wisely with a low fee platform like iWeb or Vanguard.


You don’t HAVE to use this as an isa to though. So you can do both.
Vistrix08/07/2019 15:39

Yeah the issue I have is that my current stocks and shares isa also has a …Yeah the issue I have is that my current stocks and shares isa also has a cashback offer active on it so I can't switch.


Don’t switch it. Open an investment account (non isa)
Shuggy708/07/2019 22:43

Can you trade stocks and shares through vanguard? I'm currently using IG …Can you trade stocks and shares through vanguard? I'm currently using IG but the resting charges are ridiculous.


No
I'm not clear what it means by 'include an ISA transfer'? Does this mean I can't just pay the £250 in from a bank account - I have to transfer some of it from an existing ISA or close an existing ISA and transfer it to this?
Pelaelo09/07/2019 08:30

I'm not clear what it means by 'include an ISA transfer'? Does this mean I …I'm not clear what it means by 'include an ISA transfer'? Does this mean I can't just pay the £250 in from a bank account - I have to transfer some of it from an existing ISA or close an existing ISA and transfer it to this?


The transfer an isa is optional.
ec9wrr09/07/2019 10:55

The transfer an isa is optional.


Are you sure? The wording suggests otherwise:

'and you make a qualifying contribution of at least £50, which shall include an ISA transfer, into either or both of the above accounts'
Pelaelo09/07/2019 11:03

Are you sure? The wording suggests otherwise:'and you make a qualifying …Are you sure? The wording suggests otherwise:'and you make a qualifying contribution of at least £50, which shall include an ISA transfer, into either or both of the above accounts'


Yes. I read that differently. I read that as isa transfer counts towards £250. Surely you can’t transfer an isa into a non isa account. Point one one terms says you can open isa it investment account.
Edited by: "ec9wrr" 9th Jul
ec9wrr09/07/2019 11:08

Yes. I read that differently. I read that as isa transfer counts towards …Yes. I read that differently. I read that as isa transfer counts towards £250. Surely you can’t transfer an isa into a non isa account. Point one one terms says you can open isa it investment account.


Ah yes, I can see the difference in interpretation - I think you are right, it makes more sense that way.The money could all come from a bank account, but it would also count if all or some had come from an isa transfer. Thanks.
Pelaelo09/07/2019 11:33

Ah yes, I can see the difference in interpretation - I think you are …Ah yes, I can see the difference in interpretation - I think you are right, it makes more sense that way.The money could all come from a bank account, but it would also count if all or some had come from an isa transfer. Thanks.


Fingers crossed!
ec9wrr09/07/2019 07:12

You don’t HAVE to use this as an isa to though. So you can do both.



True, but then need to think about tax.
MarkShopper09/07/2019 12:04

True, but then need to think about tax.


I’m only putting the £250 in. My real investments will stay in isa. By payout time on the cashback the tax impact will be minimal.
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