NatWest launch new savings account offering a 3% interest rate – eligibility explained | Personal Finance | Finance
NatWest provided calculations on what interest could be earned on different deposit amounts.
If £50 is deposited every month by standing order the balance will be £609.88 after 12 months, with £9.88 of that being earned interest.
If £10 is deposited monthly for 12 months, the balance will be £121.98, with £1.98 interest being earned.
It should be noted that NatWest may move the rate up or down, with reasons such as Bank of England changes being likely causes.