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NatWest Increases Savings Rates By Full Amount
(24 May 2004)

NatWest has increased its savings rates following the Bank of England's recent decision to increase base rate by 0.25%. Savers will benefit from Tuesday, 1 June.

Interest rates on NatWest's First Reserve, Diamond Reserve, Reward Reserve, Savings Direct, TESSA Only ISA, Young Saver, Advantage Reserve and Private Banking Savings Account will be increased by the full 0.25%. The 90 Day Bonus Reserve increased by 0.25% on 14 May.

Some products will also benefit from an increase of over 0.25%. Those with up to 10,000 in an e savings account have seen an increase of 0.65% from 14 May. Customers with more than 15,000 in a Mini Cash ISA will receive an increase of 0.35%.

NatWest's standard variable mortgage rate (SVR) will increase by 0.25% to 6.29%. The rate change is effective from 1 June 2004 for new and existing customers.



First Reserve
Current RateNew Rate from 3 June
Base Rate 4.00%Base Rate
4.25%
Balance 50,000 +1.001.25
Balance 25,000 - 49,9991.001.25
Balance 10,000 - 24,9991.001.25
Balance 5,000 - 9,9990.951.20
Balance 0 - 4,9990.700.95




Reward
Excluding all interest rewardsCurrent RateNew Rate from 1 June
Base Rate 4.00%Base Rate
4.25%
Balance 50,000 +1.151.40
Balance 25,000 - 50,0001.051.30
Balance 10,000 - 25,0000.901.15
Balance 2,000 - 10,0000.450.70




Reward
Including all interest rewardsCurrent RateNew Rate from 1 June
TiersBase Rate 4.00%Base Rate
4.25%
Balance 50,000 +2.753.00
Balance 25,000 - 50,0002.652.90
Balance 10,000 - 25,0002.502.75
Balance 2,000 - 10,0002.052.30




Diamond Reserve
Current RateNew Rate from 1 June
Base Rate 4.00%Base Rate
4.25%
Balance 250,000 +2.903.15
Balance 100,000 - 249,9992.753.00
Balance 50,000 - 99,9992.402.60
Balance 25,000 - 49,9991.501.75
Balance 10,000 - 24,9991.151.40
Balance 2,000 - 9,9991.001.25




Savings Direct
Current RateNew Rate from 1 June
TiersBase Rate 4.00%Base Rate
4.25%
Balance 250,000 +3.603.85
Balance 100,000 - 249,9993.453.70
Balance 50,000 - 99,9993.403.65
Balance 25,000 - 49,9993.303.55
Balance 10,000 - 24,9993.203.45
Balance 5,000 - 9,9993.003.25
Balance 0 - 4,9992.903.15




e-savings
Current RateAlready moved Friday, 14 May
Base Rate 4.00%Base Rate
4.25%
Balance 250,000 +3.904.10
Balance 50,000 - 249,9993.754.10
Balance 10,000 - 49,9993.503.75
Balance 0 - 9,9993.103.75




90 Day Bonus Reserve (including bonus)
Current RateAlready moved Friday, 14 May
Base Rate 4.00%Base Rate
4.25%
Balance 250,000 +4.004.25
Balance 100,000 - 249,9994.004.25
Balance 50,000 - 99,9993.904.15
Balance 35,000 - 49,9993.653.90
Balance 20,000 - 34,9993.653.90
Balance 10,000 - 19,9993.453.70




Advantage Reserve
Current RateNew Rate from 1 June
Base Rate 4.00%Base Rate
4.25%
Balance 250,000 +3.703.95
Balance 100,000 - 249,9993.603.85
Balance 50,000 - 99,9993.503.75
Balance 25,000 - 49,9993.303.55
Balance 10,000 - 24,9993.003.25
Balance 5,000 - 10,0002.702.95




Private Banking Savings Account
Current RateNew Rate from 1 June
Base Rate 4.00%Base Rate
4.25%
Balance 250,000 +3.403.65
Balance 100,000 - 249,9993.353.60
Balance 50,000 - 99,9993.203.45
Balance 25,000 - 49,9993.053.30
Balance 10,000 - 24,9992.903.15
Balance 5,000 - 10,0002.402.65




Mini Cash ISA
Current RateNew Rate from 1 June
Base Rate
4.00%
Base Rate
4.25%
1 - 15,0004.004.25
15,000 +4.00%4.35%




TESSA Only ISA
Current RateNew Rate from 1 June
Base Rate
4.00%
Base Rate
4.25%
4.00%4.25%




Young Saver
Current RateNew Rate from 9 February
Base Rate
4.00%
Base Rate
4.25%
No minimum balance3.60%3.85%

Enquiries to:
Media Relations
Tel: 020 7672 1927