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RBS and NatWest make saving simpler

12th July 2013 Print

RBS and NatWest are simplifying their adult instant access savings product range by reducing the number of accounts available to just two - making choosing the right savings account simpler than ever before.

This move means that RBS and NatWest customers will have a more straightforward choice of products, compared to other UK banks that offer up to 24 different accounts.
Customers who want to save will be able to choose from two instant access accounts. One account is designed for everyday savings, while the other is an ISA account that provides tax-free interest on savings.
Furthermore, customers will get the same rate of interest no matter how they open their account - that means no hidden ‘special' online rates.
Dan Jones, Head of Savings Product Performance, said: "At RBS and NatWest we're focused on making saving as easy as possible for our customers. A key part of this is making sure our accounts are accessible and our pricing is always clear and fair. More customers than ever are focusing on saving and we're doing everything we can to help them reach their saving goals."
As well as transparent pricing, RBS and NatWest do not offer introductory bonus offers that drop-off over time, meaning that the rate you see is the rate you get.
Existing customers are unaffected by these changes and will stay on their existing products and pricing structure. In due course RBS and NatWest will integrate these products to further simplify their offering and make saving as easy as possible for customers.