Annual Equivalent Rate (AER)
5.25% AER
Monthly Fee
£2
Welcome Bonus
£150
Apply Now →on NatWest's website
Transaction limit:Free domestic debit card use
Minimum Deposit:£1,250
Annual Equivalent Rate (AER):
5.25% AER
Welcome Bonus: £150
Standard Select/Reward accounts offer a £150 bonus for switching.
Monthly Fee:
£2
Minimum Deposit:
£1,250
Transaction Limits:
Free domestic debit card use
A key differentiator is the cashback rewards offered through the NatWest Reward account, which can offset the monthly fee. This account is particularly appealing for those who regularly use direct debits and mobile banking.
Pros:
- Cashback rewards
- No monthly fee for Select account
- Flexible account options
Cons:
- Monthly fee for Reward account
- Limited interest on current account balance
The NatWest Select/Reward Account is ideal for individuals who frequently manage direct debits and value mobile banking, as its competitive 5.25% AER and cashback rewards can effectively mitigate the £2 monthly fee. With a welcome bonus of £150, this account offers a compelling option for those looking to maximize their banking benefits.