| UPDATED: 16:57, Fri, Jan 29, 2021
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RBS and sister bank NatWest are both offering customers this variable interest rate of three percent gross (3.04 percent AER per annum) via the Digital Regular Saver. This rate is available only on balances in the account up to £1,000.
| UPDATED: 22:20, Mon, Jan 11, 2021
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NatWest is used by millions of people each year to manage their money, particularly in savings accounts. But with interest rates at shocking lows, people are likely to be looking for a suitable option not only to manage their funds but to also grow them. Optimistic Britons could be shopping around for the best type of savings account to meet their needs, and there are a number of choices available.
This account is also only open to UK residents.
Savers can have instant access, enabling them to withdraw the money at any time.
There are limits to note within the rules, however.
NatWest is a sister bank of the Royal Bank of Scotland (RBS) (Image: GETTY)
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It s only possible to pay in a maximum of £50 into the account each calendar month. There s no minimum deposit to open the account, however you ll need to set up a standing order from your NatWest current account of between £1 and £50 each calendar month into the account, the bank states.
Should a person wish to put extra money into the account after setting up the standing order, they can do so.