Thursday, May 28, 2009

Natwest Savings Accelerator Credit Card

Savings Accelerator Credit Card
Boost your savings rate by up to 2%

Boost your savings rate by up to 2%

Over 18? Earn over £10,000? Want to boost your savings by up to 2% Gross? Then our Savings Accelerator Credit Card could be for you. Typical 16.9% APR (variable)

Savings Accelerator is only available for application in branch or by phone.


What is Savings Accelerator?

Your Savings Accelerator Credit Card is linked to a NatWest First Reserve Savings Account and the more purchases you make on your Savings Accelerator Credit Card, the more you may be able to boost the interest rate you earn on your savings. You will need to open a First Reserve savings account at the same time as you apply for the Savings Accelerator Credit Card.

How can I boost the interest rate I earn on my savings?

Quite simply, all you have to do is use your Savings Accelerator Credit Card to make purchases.

The balance in your Savings Accelerator savings account will earn an interest rate of 0.2% Gross/AER (variable) but you could earn additional bonus interest of up to 2% Gross depending on your Equivalent Monthly Spend. This bonus will be automatically applied in addition to the standard interest rate and such interest will be paid quarterly.

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