Overview
- NatWest has emailed customers to confirm reductions across several savings products, including Digital Regular Saver dropping from 5.50% to 5.25% and Flexible Saver from 1.06% to 1.00%, effective 19 January.
- The bank pointed to the Bank of England’s December cut of the base rate to 3.75% as the reason for the changes.
- Which?, citing Moneyfacts, says £10,000 left in an average high-street instant-access account at 1.15% would earn £115 versus about £448 in a top account at 4.48%, a gap of more than £300 a year.
- Savers are urged to check FSCS protection up to £120,000, use ISA shelters within current rules, and note reports that the cash ISA cap for under‑65s is due to fall to £12,000 from 2027.
- Experts advise tracking bonus expiries and maturities and shopping around, with recent easy‑access leaders reported to include Chase at up to 4.5% AER and Cahoot at up to 5% AER.