Tag: NatWest

RBS and NatWest announce 3-year escalator bond

RBS and NatWest announce 3-year escalator bond

RBS and NatWest have launched a new three year fixed-rate bond paying interest at up to 5.0% AER. The escalator bond requires a minimum investment of £5,000, and matures on 29 May 2012. Interest is paid at 3.0% gross in the first year, 4.0% in the second year, and 5.0% in the financial year. Interest [...]

May 11, 2009 | 0 Comments More
HSBC tops customer service league

HSBC tops customer service league

HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet. The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience ‘above expectations’. Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations. Lloyds [...]

April 22, 2009 | 4 Comments More
RBS denies mortgage borrowers full base rate cut

RBS denies mortgage borrowers full base rate cut

RBS and its subsidiary NatWest will only be passing on half of yesterday’s base rate cut to mortgage customers on their standard variable rates (SVRs). The lenders are reducing SVRs by 0.25%, although they claim most customers will not be missing out because the majority are either on tracker or fixed-rate deals. In the case [...]

March 6, 2009 | 0 Comments More
NatWest launches 3.51% ISA

NatWest launches 3.51% ISA

NatWest has launched two new ISAs paying interest at up to 3.51%. Its online e-ISA, which accepts balance transfers from ISA savings in previous tax years, pays an AER of 3.25% on balances up to £9,999, and 3.51% on balances over £10,000. The bank asserts that this top rate makes it the most competitive online-only [...]

February 13, 2009 | 0 Comments More
NatWest and RBS launch pensioner savings account

NatWest and RBS launch pensioner savings account

With interest rates plummeting on many savings accounts, NatWest and RBS have launched new savings products to help pensioners feeling the pinch. Many pensioners rely on interest from their savings as a source of income. Because of this, the two banks have launched their own specialist savings account for over 60s and for those drawing [...]

February 9, 2009 | 2 Comments More
RBS and NatWest launch sub-4% fixed rate mortgage

RBS and NatWest launch sub-4% fixed rate mortgage

RBS Group, whose subsidiaries include the Royal Bank of Scotland and NatWest, has launched a new fixed rate mortgage at 3.99% interest. The two year deal is available to new and existing customers with a loan to value (LTV) of 60%. It has a £799 set up fee. Other fixed rate mortgages offered by RBS [...]

January 16, 2009 | 0 Comments More
RBS fails to pass on full rate cut

RBS fails to pass on full rate cut

The RBS Group has announced that it will only pass on last week’s Bank of England base rate cut to some customers. The banking group, which includes NatWest and the Royal Bank of Scotland, said those on tracker mortgages and small business with variable rate overdrafts would benefit from the full 0.5% cut. However, individual [...]

January 12, 2009 | 0 Comments More
RBS and NatWest launch 5.74% two-year fix

RBS and NatWest launch 5.74% two-year fix

RBS and its subsidiary, NatWest, have launched a new two-year fixed-rate home loan. Borrowers with a minimum 15% deposit can benefit from a rate of 5.74% and a reduced fee of £499. The rate on the new deal is up to 0.45% below those on similar products offered by the lenders, while the fee is [...]

October 15, 2008 | 0 Comments More
RBS and NatWest cut rates

RBS and NatWest cut rates

RBS and its subsidiary, NatWest, have cut rates by up to 0.35% on fixed and tracker mortgages. The reductions are the second to be applied since the beginning of August and will benefit new customers and existing borrowers who need to remortgage. Applications can be made through RBS and NatWest branches and RBS and NatWest [...]

September 2, 2008 | 0 Comments More
Rate cut and new mortgage deal round-up

Rate cut and new mortgage deal round-up

Yorkshire Building Society has today launched a two-year fixed-rate mortgage with interest at 5.54%. The lender is also tempting customers with a reduced fee of £895. In addition, both Yorkshire and Abbey have announced rate cuts on various loans. Yorkshire has made amendments to an existing two-year fixed-rate mortgage that carried a 3% fee: the [...]

August 20, 2008 | 0 Comments More
Rate cut round up

Rate cut round up

This week has seen a round of rate cuts from High Street lenders, as competition appears to be returning to the market. Royal Bank of Scotland and NatWest have announced interest rate cuts of at least 0.10% on their new fixed and tracker mortgages, while rates on some other deals are being reduced by up [...]

August 6, 2008 | 0 Comments More
RBS and NatWest cut mortgage rates

RBS and NatWest cut mortgage rates

Royal Bank of Scotland (RBS) and its subsidiary, NatWest, have cut mortgage rates. Both lenders have reduced the cost of new lending on their most popular deals, in an effort to increase market share. From 1st May, interest rates on two-year and five-year fixed rate products will fall by between 0.10 and 0.30 percentage points. [...]

April 30, 2008 | 0 Comments More