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NatWest Increases Savings Rates By Full Amount
(05 February 2004)

NatWest has increased its savings rates following the Bank of England's decision today to increase base rate by 0.25%. Savers will benefit from Monday, 9 February 2004.

Interest rates on NatWest's First Reserve, Reward Reserve, Diamond Reserve, e savings, Savings Direct, Advantage Reserve, Mini Cash ISA, Young Saver and Private Banking Savings Account will be increased by the full 0.25%.

NatWest's mortgage rates are under review.



First Reserve
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 50,000 +0.751.00
Balance 25,000 - 49,9990.751.00
Balance 10,000 - 24,9990.751.00
Balance 5,000-9,9990.700.95
Balance 0-4,9990.450.70


Excluding all conditional rewards - interest paid quarterly



Reward
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 100,000 +0.901.15
Balance 50,000 - 100,0000.901.15
Balance 25,000 - 50,0000.801.05
Balance 10,000 - 25,0000.650.90
Balance 2,000 - 10,0000.200.45


Including all conditional rewards - interest paid quarterly and annually *



Reward
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 100,000 +2.502.75
Balance 50,000 - 100,0002.502.75
Balance 25,000 - 50,0002.402.65
Balance 10,000 - 25,0002.252.50
Balance 2,000 - 10,0001.802.05




Diamond Reserve
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +2.652.90
Balance 100,000 - 249,9992.502.75
Balance 50,000 - 99,9992.152.40
Balance 25,000 - 49,9991.251.50
Balance 10,000 - 24,9990.901.15
Balance 2,000 - 9,9990.751.00




Savings Direct
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +3.353.60
Balance 100,000 - 249,9993.203.45
Balance 50,000 - 99,9993.153.40
Balance 25,000 - 49,9993.053.30
Balance 10,000 - 24,9992.953.20
Balance 5,000 - 9,9992.753.00
Balance 0 - 4,9992.652.90




e-savings
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +3.653.90
Balance 50,000 - 249,9993.503.75
Balance 10,000 - 49,9993.253.50
Balance 0 - 9,9992.853.10




90 Day Bonus Reserve (including bonus)
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +3.754.00
Balance 100,000 - 249,9993.754.00
Balance 50,000 - 99,9993.753.90
Balance 35,000 - 49,9993.403.65
Balance 20,000 - 34,9993.353.65
Balance 10,000 - 19,9993.203.45




Advantage Reserve
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +3.453.70
Balance 100,000 - 249,9993.353.60
Balance 50,000 - 99,9993.253.50
Balance 25,000 - 49,9993.053.30
Balance 10,000 - 24,9992.273.00
Balance 5,000 - 10,0002.452.70




Private Banking Savings Account
Current RateNew Rate from 9 February
TiersBase Rate 3.75%Base Rate
4.00%
Balance 250,000 +3.153.40
Balance 100,000 - 249,9993.103.35
Balance 50,000 - 99,9992.953.20
Balance 25,000 - 49,9992.803.05
Balance 10,000 - 24,9992.652.90
Balance 5,000 - 10,0002.152.40




Mini Cash ISA
Current RateNew Rate from 9 February
TiersBase Rate
3.75%
Base Rate
4.00%
3.75%4.00%




TESSA Only ISA
Current RateNew Rate from 9 February
TiersBase Rate
3.75%
Base Rate
4.00%
3.75%4.00%




TESSA Reserve
Current RateNew Rate from 9 February
TiersBase Rate
3.75%
Base Rate
4.00%
No minimum balance3.75%4.00%




Young Saver
Current RateNew Rate from 9 February
TiersBase Rate
3.75%
Base Rate
4.00%
No minimum balance3.35%3.60%

Enquiries to:
Media Relations
Tel: 020 7672 1927