Overview

• NatWest will reduce interest rates on its Savings Builder account from 2% to 1.75% for balances up to £10,000, effective May 30.
• The Digital Regular Saver rate will drop from 6.17% AER to 5.5% AER for balances up to £5,000, also starting May 30.
• Additional savings account rate cuts, including for some children's accounts, will take effect on July 15.
• The Standard Variable Rate (SVR) mortgage will decrease from 7.49% to 7.24% beginning June 1, with fixed-rate mortgage options available for further savings.
• Financial experts are urging savers to act quickly to secure higher rates elsewhere or consider fixed-rate accounts before further reductions.