Advantage Private Reserve

As well as paying a valuable bonus, the Advantage Private Reserve account is also exceptionally easy to manage:

• Advantage Private only - this account is only available to Advantage Private customers. Advantage Private costs £19.95 per month
• Minimum £10,000 balance - and no maximum limit either
• Save your way - make deposits and withdrawals online, over the telephone and in any NatWest branch
• Instant access - get your money when you want it
• Tiered rates - the more you put into your account, the higher the rate
• Set up and track your own personal savings goals - through Online Banking

Your bonus interest will be credited monthly at the end of each month to your Advantage Private Reserve account (or another NatWest account held at the same branch).

Excluding bonus

Interest paid monthly.
Note: Available to Advantage Private customers
Last updated on: 1 Apr 2009.

Including 0.25% conditional bonus (on accounts opened before 12 July 2010 and after 22 October 2010)

Interest paid monthly.

A conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.) is payable with your monthly interest, if you do not make any withdrawals and maintain a minimum balance of £10,000 in your account during that month.

Note: Available to Advantage Private customers
Monthly bonus amount - 0.25% (gross per annum)
Last updated on: 12 Jul 2010.

Including introductory 1% conditional bonus & 0.25% conditional bonus (on accounts opened between 12 July 2010 and 22 October 2010)

Interest paid monthly.

The rates in the table above include an introductory conditional bonus equivalent to 1.00% gross p.a. (0.8% net p.a.) and a conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.). These bonuses are available on accounts opened between 12 July 2010 and 22 October 2010. These bonuses are payable for the first nine months from account opening where a minimum balance of £10,000 is maintained during this time.

Your bonus interest will be paid monthly for nine consecutive months (along with your standard interest payment) starting on the 16th day of the month after the month in which you open your account.

Following the nine month period, a conditional bonus equivalent to 0.25% gross p.a. (0.20% net p.a.) will be payable with your monthly interest provided you meet the conditions detailed under the table Advantage Private Reserve including 0.25% conditional bonus (on accounts opened before 12 July 2010 and after 22 October 2010). In any month where these conditions are not met, the rates shown in the table Advantage Private Reserve (excluding conditional bonus) will apply.

Note: Available to Advantage Private customers
Monthly bonus amount - 1.00% and 0.25% (gross per annum)
Last updated on: 12 Jul 2010.

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates what the interest would be if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of income tax.

Net Rate. This means the interest rate you are paid after the deduction of income tax.

Summary box information (PDF File 52KB)

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