The battle to attract current account customers is heating up with another bank launching a new switching offer. NatWest said new and existing customers switching their main current account to the bank will receive £200 within seven days of meeting the eligibility criteria of logging into mobile banking and paying in £1,250.
The bank is also increasing the rate of interest on its digital regular saver account from 5% to 6% from Tuesday. The 6% rate is paid on balances up to £5,000 and customers can save up to £150 every month.
Customers can also take part in a new savings prize draw. NatWest savings customers can enter the draw by turning on the bank’s “round ups” feature, which saves the change to the nearest pound when a transaction is made. There are 33 prizes available, with three top prizes of £10,000 and 30 of £500. The draw closes on April 21, 2023.
