[one_half]<\/span><\/p>\nKey Points:<\/b><\/p>\n
\u2714\ufe0f Pays between 0.20% to 0.85% % AER interest per year<\/p>\n
\u2714\ufe0f Required to deposit at least \u00a350,000 to get the top-tier rate<\/p>\n
\u2714\ufe0f Deposits below \u00a310,000 get just 0.20% AER per year<\/p>\n
\u2714\ufe0f Get started from just \u00a31<\/p>\n
\u2714\ufe0f Easy Access \u2013 Make withdrawals at any time without being penalized<\/p>\n
\u2714\ufe0f No fees for transferring existing ISAs in<\/p>\n
<\/div><\/div><\/div><\/div><\/span><\/p>\n2.
Fixed Cash ISA - up to 0.90% AER per year<\/strong><\/div>\n
If you don\u2019t like the uncertainties that come with a Variable Cash ISA, then you might want to consider the Fixed Cash ISA available at Natwest. Interestingly, the top-tier rate available on the Fixed Cash ISA is actually higher than that of Variable ISA \u2013 which offers frictionless withdrawals. The reason that this is unusual is that you usually need to pay a premier for the ability to make fee-free withdrawals. However, this isn\u2019t the case with Natwest.<\/p>\n
With that being said, the Natwest Fixed Cash ISA pays a top rate of 0.90%. In order to get this rate, you will need to lock your money up for a period of two years, and be happy to invest at least \u00a325,000. If you\u2019re fine with the lock-up period, but you don\u2019t quite have the required \u00a325,000 investment, then you\u2019ll get a slightly lower rate of 0.70% AER. Alternatively, if you only want to lock your money away for 1 year, then an investment of at least \u00a31,000 will get you 0.65%. You can get this up to 0.70% AER if you lock at least \u00a325,000 up for the 1 year period.<\/p>\n
It is important to note that \u2013 as is the case with the vast majority of Fixed Cash ISAs in the space, you will need to make some considerations regarding withdrawal restrictions. At the time of writing, Natwest notes that you can make withdrawals until December 6th 2019. After that, you will need to see the 1\/2 year term out in its entirety. If you really do need to access your cash before the lock-up period concludes, you will need to close your account. In doing so, you\u2019ll be charged 90 days\u2019 worth of interest.<\/p>\n
\n
[one_half]<\/span><\/p>\nKey Points:<\/b><\/p>\n
\u2714\ufe0f Pays a top-tier rate of 0.90% AER per year<\/p>\n
\u2714\ufe0f You will need to invest at least \u00a325,000 over a 2-year lock-up to get the highest rate<\/p>\n
\u2714\ufe0f Withdrawals permitted until December 6th 2019<\/p>\n
\u2714\ufe0f After this, you will lose 90 day\u2019s interest and need to close the account in order to access your money<\/p>\n
\u2714\ufe0f Minimum investment \u00a31,000<\/p>\n
\u2714\ufe0f Interest rate is fixed<\/p>\n
<\/div><\/div><\/div><\/div><\/span><\/p>\n3.
Help To Buy ISA - 2.50% AER per year<\/strong><\/div>\n
If you are in the process of buying your first home, or you\u2019re simply looking to put some cash away to help pay for a deposit, then we would strongly recommend checking out the Help to Buy ISA being offered by Natwest. First and foremost \u2013 and as is the case with all Help to Buy ISAs, the UK government will match your deposits by an additional 25%. For example, if you deposit \u00a3100, the government will add \u00a325 on top.<\/p>\n
Take note, the maximum amount that you can get from the government top-up is \u00a33,000, which amounts to savings of \u00a312,000. Nevertheless, on top of the 25% contribution, you have the chance to earn an additional 2.50% AER per year via Natwest. When you factor in the tax requirements on your government top-up this amounts to a tax-free income of 2.47%. You will have the option of injecting up to \u00a31,200 within the first month of opening the account with Natwest, and then you will be capped at \u00a3200 per thereon.<\/p>\n
It is also important to note that the 2.50% AER offer is subject to change, not least because the rate is variable. In order to be eligible, you will need to be aged at least 16 years old, not have previously owned a property, and be resident for UK tax purposes. As you will be capped at \u00a3200 per month, you do have the option of putting your remaining annual ISA allowance into a different ISA. However, if you to proceed with the Natwest Help to Buy ISA, then the ISA needs to be with Natwest.<\/p>\n
\n
[one_half]<\/span><\/p>\nKey Points:<\/b><\/p>\n
\u2714\ufe0f 2.50% AER interest per year<\/p>\n
\u2714\ufe0f This amounts to 2.47% of tax-free earnings<\/p>\n
\u2714\ufe0f UK government will top up your deposits by 25% \u2013 up to a maximum investment of \u00a312,000<\/p>\n
\u2714\ufe0f Deposit up to \u00a31,200 in the first month of opening account<\/p>\n
\u2714\ufe0f \u00a3200 cap per month thereon<\/p>\n
\u2714\ufe0f Interest rate is variable so can change at any time<\/p>\n
<\/div><\/div><\/div><\/div><\/span><\/p>\n4.
Stocks and Shares ISA - Interest % depends on investments<\/strong><\/div>\n
If you don\u2019t like the sound of the super low interest rates that come with a Cash ISA, or you\u2019re simply not in the market for a Help to Buy ISA, then the final option available to you is the Natwest Stocks and Shares ISA. If you\u2019re a seasoned saver, then you\u2019ll probably know that most Stocks and Shares ISAs are largely the same. As we often noted, they are mere \u2018shopping baskets\u2019 that allow you to store your stocks and shares investments. In doing so, you will be able to shield the tax liable on capital gains up to the first \u00a320,000 per year.<\/p>\n
So is there is anything notable about the Stocks and Shares ISA being offered by Natwest? No, not really. You will have the option of choosing your own investments or allowing an experienced fund manager to assist, which is industry standard. You will need to invest at least \u00a350 to get started, and you will need to make your DIY investments via the Natwest trading portfolio.<\/p>\n
The only stand-out offering that comes with the Natwest Stocks and Shares ISA is that you get to pick your risk levels. Ranging from 1-5, this will determine the types of assets that make up your stocks and shares portfolio. You should also make some considerations regarding fees. You will need to pay up to 0.60% a year in maintenance costs (which is even more expensive than Hargreaves Lansdown), as well as transactions fee of up to 0.07%.<\/p>\n
\n
[one_half]<\/span><\/p>\nKey Points:<\/b><\/p>\n
\u2714\ufe0f Standard Stocks and Shares ISA<\/p>\n
\u2714\ufe0f No guarantee that you will make gains \u2013 you could lose money<\/p>\n
\u2714\ufe0f Annual maintenance fee of up to 0.65%<\/p>\n
\u2714\ufe0f Choose a risk level that suits your appetite to risk<\/p>\n
<\/div><\/div><\/div><\/div><\/span><\/p>\n
FAQs<\/h2>\n <\/time><\/time>
![\"NatWest](\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/10\/Screenshot-2019-10-30-at-12.53.16.png\")
If you\u2019re based in the UK and looking to start putting some cash to one side, then you might be considering a traditional stocks and shares broker. However, while the returns can be plentiful, as are the risks. As such, if you\u2019re instead looking for an investment channel that carries zero risk, you might be best off placing your cash in a simple ISA.<\/p>\n![\"Natwest](\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/10\/image.dim_.667.new-natwest-banner.png\")
<\/p>\n![\"Screengrab](\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/10\/Screenshot-2019-10-30-at-12.52.29.png\")
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