Natwest ISA fixed rate for 1,2 or 3 years with transferred balance (new customers) up to 4.2%
272°Expired

Natwest ISA fixed rate for 1,2 or 3 years with transferred balance (new customers) up to 4.2%

47
Found 20th Feb 2012
Transfer in your existing ISA balance (min £1,000 I believe) and get fixed rate interest for 1 year (3.35%), 2 years (3.9%) or 3 years fixed at 4.2%

Best rates around at the moment.

Transfer must be completed by 29th Feb but you can complete the opening of an ISA online and then drop a transfer form at your local branch of choice.

47 Comments

Banned

well, this is a great example of naffwest sticking 2 fingers up at existing customers

Original Poster

It certainly is, another example of loyal customers getting nothing for loyalty.

May be just what I need, thanks OP

Just transferred 3 years ISA's over to the 1 year 3.35%. Best deal I could find on the market at the minute.

Aldermore do 3.35% for new isa's,

always check moneyfacts.co.uk for other deals

Banned

3.35% interest.
10% real world inflation.

Net gain = A loss of 6.5% in purchasing power.

The bankers are robbing you, yet you still throw your savings at them.

punkstoner1

3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in … 3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in purchasing power.The bankers are robbing you, yet you still throw your savings at them.


What do you do with your savings sleep on them?

Thanks
Applied to transfer mine and the wifes from Santander

Banned

punkstoner1

3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in … 3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in purchasing power.The bankers are robbing you, yet you still throw your savings at them.



It's our savings, our security

ProTip. If you are on benefits, hoard your money in precious metals.

Banned

Simpso

What do you do with your savings sleep on them?



No, I have no savings. I lost them all in a small boating accident.

Proove it

Banned

FAO Simpso

SAVINGS

punkstoner1

What do you do with your savings sleep on them?



True...but "10% real inflation" and not in a bank account = 10% loss per year. Which one is better?

punkstoner1

3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in … 3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in purchasing power.The bankers are robbing you, yet you still throw your savings at them.



well, you can always keep your saving in your socks, mate... just be aware they might stink after a while (_;)

Banned

punkstoner1

It's our savings, our securityProTip. If you are on benefits, hoard your … It's our savings, our securityProTip. If you are on benefits, hoard your money in precious metals.



Great advice.

Particularly as gold has dropped 4% in 6 months because the dollar has stabilised and the euro hasn't popped. (Admittedly the price did rise dramatically beforehand).

It's definitely not nailed on gold will rise in the next 3 years. The majority consensus (i.e amongst those who aren't exclusively pedalling it) is that it will probably fall.

And unlike the housing market, governments won't bother to prop it up if it does pop.

Clydesdale bank 4.40% for 4 years cash ISA

BE WARNED READ THE SMALL PRINT. Natwest and a few others dont give you that rate until the new taxyear it is held in a variable rate until then as low as 0.5% I believe. So check before you transfer. I transferred mine to 3.7% fixed rate for 2 years

THIS IS THE SMALL PRINT COPIED FROM THIER PAGE
You will earn interest equivalent to our variable Cash ISA rate up until the start date of your Fixed Rate ISA - 4 April 2012.
Hence DO NOT transfer until the 4th or wait for a better offer!


Edited by: "digit1guy" 21st Feb 2012

Also in small print will be early withdrawl penalty, typically 90 days interest per year that you fixed for.

So what IS a good/safe investment these days??

punkstoner1

It's our savings, our securityProTip. If you are on benefits, hoard your … It's our savings, our securityProTip. If you are on benefits, hoard your money in precious metals.


This person has a point.
There is clearly a better way of handling our money.
I just wish we knew what it was…

Not sure gold is a sure thing at the mo (but I suspect it is)
If there was an easy or brainless way to buy into rare metals that’s the place to go.
Stuff like palladium, platinum etc.

A banker did tell me a few years ago to buy shares in companies that mine uranium. But that only helps when you know which companies will win the big contracts of jobs – just like oil etc. you don’t know unless you are in on it etc…

lock your money is never good, so cold from me

NikLP

So what IS a good/safe investment these days??


Try premium bonds, I have direct debit set up to transfer an amount each month into premium bonds, I have had three small wins in three years amounting to much more than I would have earned in interest in any ISA or bank account, I know there is no guaranteed return but I see it as a bit like playing the lottery every month without paying for the ticket. You cant lose anything, but with the possibility of plenty to gain with a little bit of luck. Plus you can get your money out within 2-3 days and no penalties to pay.

There's quite good info on money saving expert about premium bonds. The chances if winning anything decent are far worse than the national lottery... And returns if you don't "win big" are poor.

halifax gives same rate but entry to a prize draw with a chance of winning some extra cash

"In May 10 savers will win £100,000. Hold £5,000 or more in Halifax or Bank of Scotland Savings accounts during the whole of April and register to enter "

just saying that's all...

stressedman

This person has a point.There is clearly a better way of handling our … This person has a point.There is clearly a better way of handling our money.I just wish we knew what it was…Not sure gold is a sure thing at the mo (but I suspect it is)If there was an easy or brainless way to buy into rare metals that’s the place to go.Stuff like palladium, platinum etc.A banker did tell me a few years ago to buy shares in companies that mine uranium. But that only helps when you know which companies will win the big contracts of jobs – just like oil etc. you don’t know unless you are in on it etc…



Seems that went **** up. Old article mind
marketoracle.co.uk/Art…tml

Simpso

What do you do with your savings sleep on them?



Yeah because if you are sleeping on them by your calculations you are losing 10%... so tell me a more viable alternative and Ill invest.

punkstoner1

10% real world inflation.



I don't think this is particularly accurate

digit1guy

BE WARNED READ THE SMALL PRINT. Natwest and a few others dont give you … BE WARNED READ THE SMALL PRINT. Natwest and a few others dont give you that rate until the new taxyear it is held in a variable rate until then as low as 0.5% I believe. So check before you transfer. I transferred mine to 3.7% fixed rate for 2 yearsTHIS IS THE SMALL PRINT COPIED FROM THIER PAGEYou will earn interest equivalent to our variable Cash ISA rate up until the start date of your Fixed Rate ISA - 4 April 2012. Hence DO NOT transfer until the 4th or wait for a better offer!



You are correct about the low-interest period, which makes the deal unattractive in my opinion. But you cannot get round it by deferring opening/transfer until 4 April as this must be completed by 29 Feb. In other words, your money is compulsorily invested at a derisory rate for about 5 weeks before it starts to grow. The Post Office Fixed Rate ISA has no such restriction and offers rates nearly as good and accepts either transfers or new money - you can open more than one account if necessary.

bert1000

I don't think this is particularly accurate



If you can prove a better one, other than the establishment's RPI and CPI, do share

trickydickybeer

well, this is a great example of naffwest sticking 2 fingers up at … well, this is a great example of naffwest sticking 2 fingers up at existing customers




One of the reasons I transferred my ISA I had with Natwest a while back!!

zaphodbb

If you can prove a better one, other than the establishment's RPI and … If you can prove a better one, other than the establishment's RPI and CPI, do share



why are you concerned with "world inflation" when you're saving in Sterling?

GBP inflation is running at 3.6%, you'll see this on the front page of the bank of england website.

nick_p

why are you concerned with "world inflation" when you're saving in … why are you concerned with "world inflation" when you're saving in Sterling?GBP inflation is running at 3.6%, you'll see this on the front page of the bank of england website.



inflation affects different people in different ways..

if most of your expenditure is in food, rental and petrol (which is a fair assumption for a lot of people on lower income) then inflation has been running quite high..

dailymail.co.uk/new…tml

not saying the dailymail isn't prone to sensationalism but hopefully this gets my point across about how inflation can be quite high for some people..

edit: more up to date news

telegraph.co.uk/lif…tml
Edited by: "anh_duong" 21st Feb 2012

Have a 3.1%, and a cashcard to match. Never been a fan of locking away vast amounts

Banned

punkstoner1

It's our savings, our securityProTip. If you are on benefits, hoard your … It's our savings, our securityProTip. If you are on benefits, hoard your money in precious metals.


one way I suppose of chucking 16% of your investment down the drain! Buy price = £1151, sell price = £968

LMAO at protip

Banned

Transfer must be completed by 29th Feb

you'll struggle to get a transfer completed in 8 days. My experience is it takes up to 2-3 weeks!

Banned

rodman

lock your money is never good, so cold from me


I had my money in a 5 year account until last year earning 7.36% so you are talking crap

I think the "invest in precious metals" people are right in investing in a commodity but are wanting to make a huge profit without doing any real work - isnt that the problem these days!! There are plenty of commodities out there instead of the banking sector way.

I'm putting my money into equipment I purchase from liquidated companies, refurbishing (if need be) and re-selling. I know a lot of people can't do that and by no means foolproof but in terms of percentage return it shows ISA's up for being a really small almost negligible return - if anything a loss in real world terms.

When savings rates get to plus 5% then I'll save (and have a rest!).

Well, I currently have a fixed-rate ISA at HSBC and this is tempting. But I want to know that will there be a penalty charge by HSBC if I do the transfer? Actually I opened the HSBC one just recently and it says that I can close the ISA without charge within 30 days of opening. So if I tranfer now, will there be a charge? Many thanks if anyone knows.

Anyone know what the interest charge penalty is for an early withdrawal?

punkstoner1

3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in … 3.35% interest.10% real world inflation.Net gain = A loss of 6.5% in purchasing power.The bankers are robbing you, yet you still throw your savings at them.


No, it's the Government that is robbing you by continuing to print more money, and devaluing the currency in your pocket.
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