So you would still have to fiddle around moving decent balances somewhere else.
I guess an average current account balance is 1k ??? so it would earn 42.50GBP per year or less than 4 quid a month.
Better than a kick in the teeth, but hardly worth writing home about.
I have a linked e-savings account which gives 4.8%. Not market leading, but that's where any surplus funds get put.
On £1K a year in a FlexAccount, £42.50. On my previous NatWorst (c) Sunday Times :-), £1. I gave NatWest a kick in the teeth. Others should do the same.
*Interest rate paid on balances up to £3000. Additional balances over and above £3000 will earn 0.25% gross p.a. /AER
From:
The logical approach is to keep what you need for a month and transfer any excess into the eSavings account.
Flop
As a postscript, I would like to add that NW is the most upfront 'bank' that I have dealt with. No sneaky charges for ending a mortgage etc.
Andy Pandy wrote
They were offering some kind of incentive to vote, but I didn't bother because there was no independent candidate. He's the only one I ever vote for.
BrianW wrote
Same here.
I ditched them many years ago, because Flexaccount looked attractive, with telephone banking, etc.
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