Kate Steere, cash knowledgeable at comparability web site Finder, mentioned the deal can ship significant worth.
NatWest’s provide may add as much as £287, one knowledgeable has mentioned (Picture: Getty)
NatWest has launched a contemporary £200 money incentive to lure clients from rival banks—and a monetary knowledgeable has revealed how the deal may truly internet you £287. The provide is on the market to new and current clients who didn’t maintain a NatWest present account on Could 6, 2026.
To assert the bonus, switchers should use the Present Account Change Service to maneuver to both the fee-free Choose account or the £2-a-month Reward account. To qualify, clients should pay in £1,250—which might be made in a number of funds—inside 60 days of the change and log into the NatWest cell app. The £200 is then paid inside 30 days.
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Kate Steere, cash knowledgeable at comparability web site Finder, mentioned the deal can ship significant worth. Ms Steere defined: “With NatWest’s new switching deal, you would be £287 richer by the top of 12 months. In case you choose to modify to the NatWest Reward account, which has a £2 month-to-month price, you’ll pocket a £200 switching bonus and £36 in annual rewards (after accounting for the £2 month-to-month price). Plus, by maximising the NatWest Digital Common Saver at 5.25% AER with a £150 month-to-month deposit, you’ll earn an extra £51 in curiosity.”
Nevertheless, Ms Steere urged savers to check the complete image, including: “One of the best switching deal available on the market remains to be Santander’s £180 provide. Though it has a decrease money bonus, the Santander Edge account affords as much as £120 in annual cashback and a 6% AER saver, bringing your potential complete earnings to a formidable £504 over 12 months.”
Account Options and Eligibility
NatWest’s Choose account is a five-star rated on a regular basis choice with no month-to-month price, whereas the Reward account affords cashback for on a regular basis spending and direct debits for a £2 month-to-month cost. Each accounts are open to UK residents aged 18 and over.
The Present Account Change Service ensures that direct debits, standing orders, and balances transfer routinely inside seven working days.
You’re ineligible when you have beforehand obtained a NatWest Group switching incentive.
Switches from throughout the NatWest Group (together with Royal Financial institution of Scotland or Ulster Financial institution) are excluded.
The provide might be withdrawn or modified at any time.
Whereas £200 is a tempting upfront win, you will need to keep in mind that the true worth is dependent upon how properly the account matches your long-term wants and whether or not the continuing rewards of a competitor’s package deal in the end pay extra.
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