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Nat West rewards, from £3 pm easy money.
Nat West rewards, from £3 pm easy money.

Nat West rewards, from £3 pm easy money.

Buy forBuy forBuy for£3
GETGet dealVisit site and get deal
Been using this for 11 months now and already have £110 earned so tripled my money and it's based on certain direct debits so for me my council tax dd puts me in profit straight away plus some of my other dd, e.g. gas, electric, water rates etc.

28 Comments

Good if you have high bills. TSB worked out better for me with the £125 for switching, interest, and cash back on contactless payments. Another good payer is Barclays blue rewards if you have a barclays/woolwich mortgage and 2 dds it pays £12 per month with a £3 fee.

Been with these years an didn't know about this! Thanks op

I am happy with mine at Natwest. It works out in an average month that I am even in terms of cost / financial reward, but then benefit from free travel insurance and breakdown cover.

I signed up for the £3.00 per month option and earn approx £13.00 per month in rewards so for me it's definitely worth it!

sherbolton

Good if you have high bills. TSB worked out better for me with the £125 … Good if you have high bills. TSB worked out better for me with the £125 for switching, interest, and cash back on contactless payments. Another good payer is Barclays blue rewards if you have a barclays/woolwich mortgage and 2 dds it pays £12 per month with a £3 fee.



Oh I'll have to look into those

This is excellent, also been doing it for a year or so.

I get about £17 back a month now in rewards and you can just transfer it to your bank when you need it. I transferred £100 at Xmas and we spent it on a night out!

I was really suspicious when they started this account thinking that there was a catch somewhere (having been a Natwest standard current account customer for many years). So I delayed switching for several months...
Finally bit the bullet and now earn about £15 a month from it, so money for nothing really, should have done it sooner.
I'm sure they want to encourage you to upgrade to one of the pricier accounts which includes 'free' extras like basic travel insurance and basic breakdown cover, but this one meets my needs nicely.

Just changed £90 worth of rewards for £100 Currys/PC world voucher on Reward Site
Edited by: "sutty" 6th Feb

Another option for when I get round to closing my now defunct Santander 1-2-3 account - cheers OP!

sutty

Just changed £90 worth of rewards for £100 Currys/PC world voucher on R … Just changed £90 worth of rewards for £100 Currys/PC world voucher on Reward Site



​If you multiple smaller denominations you'll get a better return e.g. £7.50 gets you £10 I think

Lol, unlucky

Absolute no brainier if you have household bills, the cashback from my Council Tax alone covers the £3.00 fee!
Edited by: "myskepticsight" 7th Feb

Ta, pretty good for me due to highish direct debits. Looking to switch at least one Santander 123 account to this. Now, is there a switching reward, TCB, QUIDCO....?!

True, but

"You can request up to one £10 eGift card per six month period. There are no limits or restrictions on £50 or £100 eGift cards"

I've had this account for a while but don't actually know where the £3 fee is charged from? Do they just deduct £3 from your 'rewards' that you accumulate each month or charge £3 to you current account? Just I've never seen a £3 charge.

Worth reading THIS
Edited by: "phiras" 7th Feb

phiras

Worth reading THIS


That's very out of date now.

simile

I've had this account for a while but don't actually know where the £3 … I've had this account for a while but don't actually know where the £3 fee is charged from? Do they just deduct £3 from your 'rewards' that you accumulate each month or charge £3 to you current account? Just I've never seen a £3 charge.



Taken from your account every month

knack

That's very out of date now.



The info in the article is still accurate

santander 123 lite

ses6jwg

santander 123 lite



​posted that account before went stone cold.

phiras

The info in the article is still accurate



The info about this account is but the comparisons to Santander, Halifax and TSB are out of date.

Yeah, it's great to use if you have the account already. I, like someone else who commented, stayed away from this for ages and finally gave in. The £3 fee is covered by what you actually receive back. I actually ended up using some of my rewards for some Cineworld tickets (only a fiver!!)!

Im interested in this u have a woolwhich mortgage. I currently just pay my dd from first direct account, how does this work?

Not worth it for me as not spending enough on bills... not voting either way as I can see it would be a good deal for people with biger bills.
p.s. shouldn't this thread be in personal finance rather than Home and Garden ?

:D:D Great!!! Just opened an account recently specifically for DD. So now applied to change to this. Make money for spending money... why not.

knack

The info about this account is but the comparisons to Santander, Halifax … The info about this account is but the comparisons to Santander, Halifax and TSB are out of date.



​Halifax, Santander & TSB have all reduced the incentives payable to customers since the turn of the year which makes the NatWest offering even more attractive.

katya1971

Im interested in this u have a woolwhich mortgage. I currently just pay … Im interested in this u have a woolwhich mortgage. I currently just pay my dd from first direct account, how does this work?


You don't get rewards on mortgage payments. You pay £3 fee and get 3% back on direct debits for Council Tax, mobile, landline, TV package, gas, electricity and broadband. If you spend more than £100 per month on these, you will receive rewards, though whether it's worth it depends on how much more than £100 you spend.
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