NatWest: New savings account for first-time buyers
Friday, 23 May 2008 08:42
NatWest has launched a new regular savings account to aid first-time buyers raise a deposit.
The offer comes with up to £5,000 cash back when a mortgage is taken out with NatWest.
The account can be opened with a £100 and customers have to make at least one regular monthly payment, minimum £50, to the account by standing order.
The First Home Saver Account offers £5,000 cashback if over £50,000 is saved, £2,500 cash back for over £25,000, £1,000 cash back for £10,000 saved and £500 for £5,000 saved. £100 is offers if over £500 is saved.
The interest rate on the account ranges from 1.9 per cent gross AER to 3.10 per cent gross AER.