NatWest Direct Reserve Savings
Full product details for the NatWest Direct Reserve Savings, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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NatWest Direct Reserve Savings Features & Benefits
| Account Type | Business Instant Access Account | |
| Rate Type | variable | Interest payable is variable |
| Headline Interest Rate | 1.26% | The headline interest rate is 1.26% AER. |
| Headline Interest Balance | £250,000 | £250000.00 |
| Maximum Number of Withdrawals | Unlimited | The maximum number of withdrawals permitted per year is unlimited to earn the cited interest rate. |
| Online Access | no | Transactions cannot be made via Internet. |
| Branch Access | yes | Transactions can be made at Branch. |
| Phone Access | yes | Transactions can be made via Telephone. |
| Introductory Bonus | 1.00% | An introductory bonus of 1.00% is payable for 12 months on the first £1 million in this account. |
| Introductory Bonus Conditions | 12 month intro bonus | Bonus Conditions - An introductory bonus of 1% is payable, on the first £1 million in this account, for the first 12 months to business customers with a group turnover of less than £25 million in the 12 months prior to account opening. Customers are permitted to receive the interest bonus on Direct Reserve account only. Accounts opened by trusts are not eligible for this bonus unless operated by a single signatory. |
| Minimum Initial Investment | £0 | There is no minimum investment required. |
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