NatWest current rewards account £3 per month
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NatWest current rewards account £3 per month

70
Found 6th Mar 2016
Earn 3% on your household bills. Gas, electric, broadband, mobile phone, council tax etc. For most people council tax alone would outweigh the £3 charge.
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70 Comments
yeah I'm going to get this - been putting it off for a long time hehe
I signed up on Friday for this!
Supermod
Its probably a good direct debit/bills account but if you're looking to earn off a credit balance then the Santander 1-2-3 account is better I think.
Excellent find op, heat added
Thank you for the post
A friend told me about this. Need to do the calculations
I earn around £18 a month with this - it's a win win
I applied. Heard nothing for weeks. Rang them no trace of my application. Applied again and haven't heard anything! Is it really that slow!?
mcdexsta

I applied. Heard nothing for weeks. Rang them no trace of my application. … I applied. Heard nothing for weeks. Rang them no trace of my application. Applied again and haven't heard anything! Is it really that slow!?


Put your real name and address in
Was with Natwest for 20 years and just had nothing but problems with for the last two years!!!
if you get the matching reward credit card they refund the fee as long as you have the reward bank account....even better x
Been with Natwest for 53 years and it's been a great experience!!! However I suspect this deal is a reaction to Santander's 123 which similarly pays out on DDs but also gives up to 3pc balance interest.
Mikey91

I earn around £18 a month with this - it's a win win



​Really? Your bills are £600 a month?? Ouch!
Santander if you can save as well
If you already have a Natwest current account, do all the other T&Cs stay the same? Can you keep existing credit zone overdraft facility for example?
mcdexsta

I applied. Heard nothing for weeks. Rang them no trace of my application. … I applied. Heard nothing for weeks. Rang them no trace of my application. Applied again and haven't heard anything! Is it really that slow!?



​we had the same problem applying online, seems they never received our app despite getting to the congratulations page! Ended up going into branch to sort it
pookey1

A friend told me about this. Need to do the calculations


they made one for you!
edgeone

Put your real name and address in


Spoils the fun?!
The_Pope

​Really? Your bills are £600 a month?? Ouch!


Sounds reasonable depending on say sky package and the number of mobile bills
Not sure how this is hot, Santander give 3% on my £15000 as well as cashback on bills and although It costs £5 a month, the account actually earns me a lot more in the long run.

If you have some money stashed away then Santander's account is a no brainer.


Edited by: "S541861" 6th Mar 2016
magicjay1986

Its probably a good direct debit/bills account but if you're looking to … Its probably a good direct debit/bills account but if you're looking to earn off a credit balance then the Santander 1-2-3 account is better I think.



Things have changed at Santander you have to have £9,000 savings in the account before it's worth while with their new fees.
Banned
thin we can get £8 a month or so, but can't be bothered like most.

all these banks giving extras but how many accounts do we need?
not worth having santander and natwest because of the fees
Bobxall

Been with Natwest for 53 years and it's been a great experience!!! … Been with Natwest for 53 years and it's been a great experience!!! However I suspect this deal is a reaction to Santander's 123 which similarly pays out on DDs but also gives up to 3pc balance interest.



You may have been lucky, they have had nothing but problems for the last few years including not letting people take money out of their accounts for days. Guess the real reason for this is to get back the customers they lost from the major outage on something like 3 occasions last year.

telegraph.co.uk/fin…tml
We changed ours when it was introduced and already we have earned a large amount. There are some rewards which offer more than face value such as Red Letter Day you get £20 for £10 of rewards.
eslick

Things have changed at Santander you have to have £9,000 savings in the … Things have changed at Santander you have to have £9,000 savings in the account before it's worth while with their new fees.



Or mortgage over 1k
Signed up for this in November, no problems so far, earned about 60 quid so far
Natwest are still the only major bank that cannot be contacted via email/secure message for day-to-day service. Any dealings with them have to be done via phone/post/branch. Was with them for 25 years before suddenly remembering that I was living in the 21st century
BigAde

If you already have a Natwest current account, do all the other T&Cs stay … If you already have a Natwest current account, do all the other T&Cs stay the same? Can you keep existing credit zone overdraft facility for example?



my t&c's all stayed the same, when you sign up you just select the same account type with rewards, e.g. if you have a platinum account, you go for platinum plus rewards and everything stays the same except extra £3 fees
I have been shelving my NatWest accounts recently, pretty awful for savers, not sure if this is particularly good.

Anyhow I still have my Basic NatWest account but transferred everything else to TSB (a current account, regular saver and a decent ISA). Deal has been posted here a few times.

Was tempted by Santander, but I don't like their reputation and raising charges etc.

First Direct looks like a decent option, but a I found to be a pain to join up before.
wendyak

if you get the matching reward credit card they refund the fee as long as … if you get the matching reward credit card they refund the fee as long as you have the reward bank account....even better x


Really? I can't see that online? Du have to make a min purchase/month with credit card

I've just found it. They charge £24 for the credit card, and refund this fee if you have a current account. Your post is misleading as it sounds like you meant if you have a credit card they refund the fee of 3 pounds a month

From website
Annual fee

We’ll charge a £24 annual fee when you first use your Reward credit card account (for example, by making a purchase or a balance transfer) and then each following year on the anniversary of that date.

Annual fee refund

If you hold or open one of our Reward or Reward Black current accounts, we’ll refund any annual fees that are charged to your Reward credit card account while the current account remains open. Each annual fee and refund will show on the same monthly credit card statement.



Edited by: "Coffee100" 6th Mar 2016
bankmedg

Signed up for this in November, no problems so far, earned about 60 quid … Signed up for this in November, no problems so far, earned about 60 quid so far


Hiya - how du claim the cash back?
S541861

Not sure how this is hot, Santander give 3% on my £15000 as well as … Not sure how this is hot, Santander give 3% on my £15000 as well as cashback on bills and although It costs £5 a month, the account actually earns me a lot more in the long run.If you have some money stashed away then Santander's account is a no brainer.


Santander gives 1% on council tax and water, 2% on gas/electricity, 3% on phone, mobile, broadband and TV.
NatWest gives 3% on all of these.
If you don't have savings to put into Santander 123, then NatWest is better.
Even if you have a Santander 123 account (e.g. with some savings), it can still be slightly better to put your council tax/water/gas/electricity direct debits into NatWest (depending on how the sums work out for you). For example, I would probably be about £43 better off annually by using NatWest for these particular bills. It would be up to you as to whether this is worth it.

Edited by: "calumm" 6th Mar 2016
If you're living in Scotland, Royal Bank of Scotland do the same deal, as they're the same group as NatWest.
Thanks for sharing OP
Coffee100

Hiya - how du claim the cash back?


Once you have earned £5.00 you can either transfer to your bank account, trade up for gift vouchers etc or gift to charity
bankmedg

Once you have earned £5.00 you can either transfer to your bank account, … Once you have earned £5.00 you can either transfer to your bank account, trade up for gift vouchers etc or gift to charity


Thanks - when u say trade up for gift vouchers, do you mean the value of the gift Voucher could be more than the cash reward

Edited by: "Coffee100" 6th Mar 2016
Coffee100

Thanks - when u say trade up for gift vouchers, do you mean the value of … Thanks - when u say trade up for gift vouchers, do you mean the value of the gift Voucher could be more than the cash reward


Hi, in some cases yes, curry's offer a £10.00 voucher in exchange for £7.50 of your cashback
Edited by: "bankmedg" 7th Mar 2016
Been using for a while now and it's excellent. Had lots of free cineworld tickets which you trade £5 in rewards for! Cash back given at selected retailers too and often special offer rates given. Currently offering 5% cash back at Europcar, 5% at Jamie Oliver's etc but was 10/15% at a few places over Christmas. Soon adds up. Always pleasantly surprised when we get our email statement!!
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