NatWest First Home Saver Account
Compare the NatWest First Home Saver Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare NatWest First Home Saver Account details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | NatWest www.natwest.com | ||
| Product: | First Home Saver Account | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Instant Access | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 1.00% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 16 years. | ||
| Restricted Availability: | This account is designed for first time buyers, therefore anyone who already holds or has previously held a mortgage is not eligible to apply. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | The minimum investment is £100. | ||
| Maximum Investment: | The maximum investment is £1000000. | ||
| Minimum Balance: | The minimum balance required is £1. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | Tax free cashback incentive offered, up to £5,000, when a Natwest successful natwest mortgage application is made. To qualify for cashback customers must: - make a minimum of £50 deposit via standing order each month - be a first time buyer - they must not have previously held a mortgage. If a joint account, neither account holder must have held a mortgage - have the account open for at least 6 month before the mortgage is drawn down - qualify for a Natwest mortgage (excluding Buy-to-Let), for joint accounts at least one account holder must take out the mortgage - maintain a balance, of at least the amount required to qualify for cashback at any given tier, for a minimum of 6 months - leave the account open for 4 months following the drawdown of the mortgage - cashback must claimed within 3 months of the mortgage being drawn down The amount of cashback offered is calculated on the lowest account balance, 6 months before the mortgage being drawn down. Any withdrawals made, 60 days prior to the drawdown of the mortgage, as part of the house buying process, will not be taken into account: £500 = £100 cashback £5,000 = £500 cashback £10,000 = £1,000 cashback £25,000 = £2,500 cashback £50,000 = £5,000 cashback | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | A variable tax-free bonus is payable. | ||
| Bonus Payment Conditions: | Bonus Conditions - The bonus is only payable if a Natwest mortgage is taken out. Tax free cashback incentive offered, up to £5,000, when a Natwest successful natwest mortgage application is made. To qualify for cashback customers must: - make a minimum of £50 deposit via standing order each month - be a first time buyer - they must not have previously held a mortgage. If a joint account, neither account holder must have held a mortgage - have the account open for at least 6 month before the mortgage is drawn down - qualify for a Natwest mortgage (excluding Buy-to-Let), for joint accounts at least one account holder must take out the mortgage - maintain a balance, of at least the amount required to qualify for cashback at any given tier, for a minimum of 6 months - leave the account open for 4 months following the drawdown of the mortgage - cashback must claimed within 3 months of the mortgage being drawn down The amount of cashback offered is calculated on the lowest account balance, 6 months before the mortgage being drawn down. Any withdrawals made, 60 days prior to the drawdown of the mortgage, as part of the house buying process, will not be taken into account: £500 = £100 cashback £5,000 = £500 cashback £10,000 = £1,000 cashback £25,000 = £2,500 cashback £50,000 = £5,000 cashback | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £100 1.00% 1.00% 1.00% | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Instant: | This is an instant access savings account. | ||
| Passbook: | A passbook is not provided. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions can be made by telephone. Lines are open 9.00 am to 5.00 pm Monday to Saturday Calls are charged at a local call rate | ||
| Transactions by Internet: | Transactions can be made via the Internet. | ||
| Transactions by Post: | Transactions cannot be made by post. | ||
| Special Access: | There are no withdrawal conditions. | ||
| Withdrawal Conditions: | Withdrawal Conditions - None. | ||
| Fees & Charges | |||
| Penalty on all Wdls: | Penalty does not apply to all withdrawals. | ||
| Compare | |||
| Products: | www.natwest.co.uk Savings | ||
