Annual Equivalent Rate (AER)
5.25% AER
Monthly Fee
£2
Welcome Bonus
£150
Apply Now →on NatWest's website
Minimum Deposit:£500
Annual Equivalent Rate (AER):
5.25% AER
Welcome Bonus: £150
Switch your current account held elsewhere to a Select or Reward account and you could get £150 cash.
Monthly Fee:
£2
Minimum Deposit:
£500
What sets the NatWest Select or Reward Account apart is its combination of a monthly fee with the potential for monthly rewards, making it appealing for those who regularly use Direct Debits. The £150 switching bonus adds significant value for new customers looking to transition.
Pros:
- Monthly rewards
- Attractive switching bonus
Cons:
- Monthly fee
- Eligibility criteria for rewards
In summary, the NatWest Select or Reward Account is ideal for individuals who regularly manage direct debits and seek to maximize their returns with a competitive AER of 5.25%, all while benefiting from a welcome bonus of £150. However, those who prefer fee-free banking may want to explore alternative options.