New savings bonds range launched by NatWest and RBS

Tuesday, 14 December 2010 10:37

A new range of savings bonds offered by NatWest and RSB that come in a one or two-year, fixed-rate deal or as a three-year, stepped-rate product have been released.

Each of the bonds will commence their terms on January 24th, with customers able to open one of the accounts with a minimum payment of £5,000.

Individuals opting for the one-year, fixed rate deal receive 2.75 per cent annual equivalent rate (AER), while people choosing the two-year, fixed rate product collect 3.5 per cent AER.

Those deciding to take out the three-year, stepped-rate bond gain two per cent AER in the first year of the account opening, rising to four and six per cent in year's two and three respectively.

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