RBS and NatWest launch savings bonds

The Royal Bank of Scotland RBS and NatWest have launched a competitive range of fixed rate bonds, perfect for customers seeking the best savings interest rates.

From today May 26th, new and existing customers taking out the products will be able to benefit from market leading savings interest rates.

The one and two year fixed bonds offer rates of 3.00 per cent gross and 3.75 per cent gross respectively, while the three year product gives customers a tiered rate return.

In the first year of the three year product, customers will get a return of 1.98 per cent gross, rising to 3.93 per cent gross in the second year and hitting 5.85 per cent gross in the final year before maturity.

Phil Sheehy, head of Savings at RBS, said: "I'm delighted that we're able to offer our customers such competitive savings rates. Our fixed rate bonds provide our customers with a secure home for their funds as part of a balanced savings portfolio."

Standard Life recently revealed that 82 per cent of people in the UK are making savings.

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2011-05-26 13:59:57 © Moneyextra.com