NatWest has added a bonus rate onto is online e-saver account which has pushed the rate up to a market beating 2.89% AER.
The NatWest savings account Includes a bonus rate of 1.85% Gross for the first 12 months, which is added to the standard rate of 1.00% AER/Gross (variable).
Phil Sheehy, head of NatWest savings, described how the “straightforward” the e-savings account is while being part of the organisation’s Helpful Banking pledge.
He said: “This new offer gives a market-leading rate without the restrictions often associated with a high interest rate.”
The new savings account will help savers looking to avoid having their funds eroded by inflation.