Natwest and RBS launch new competitive savings products

A brand new range of savings bonds have been released by Natwest and RBS, offering consumers some of the best savings rates on the market.

Customers looking to take up the competitive savings interest rates have the option to invest their money in a one or two-year fixed-rate bond or a three-year stepped rate bond.

The bonds are available to open with a minimum deposit of £5,000 and the bond term will commence on January 24th 2011.

Natwest and RBS' one-year bond offers a rate of 2.75 per cent with the two-year bond offering an improved rate of 3.5 per cent.

For customers looking to invest in a longer term deal the stepped bond offers an incremental savings interest rate, starting at two per cent in the first year, increasing to four per cent in year two and six per cent for the final year.

The savings bonds from Natwest and RBS were originally released early in November.
 

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2010-12-14 13:36:15 © Moneyextra.com