Discrepancy with ISA rates @ NatWest!
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Written on: 21.11.2009 [04:12]
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Ferry
Ferry
Topic creator
Posts: 2
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There seems to be some sort of discrepancy with ISA rates @ NatWest... Normally bank deals only differ by a few tenths of a percent, but Halifax have a Cash ISA offering 4.25% and NatWest offer just 0.5% on theirs... what's going on? Surely they're aware there can be no competition? |
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Written on: 24.11.2009 [21:56]
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Swantje
Swantje
Posts: 5
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Every bank is able to set their own rules, within reason. It may be that NatWest only reward savers who deposit a lot of money, or who agree not to withdraw their funds. The Halifax Fixed Rate ISA Saver, which offers 4.25%, runs for four years, requires a minimum £500 deposit, and doesn't allow you to make any withdrawals. The NatWest Cash ISA on the other hand has no minimum duration, £1 minimum deposit and no penalties for withdrawals! It all depends what kind of deal you need and / or are looking for! |
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