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NatWest is offering the three percent interest rate on its Digital Regular Saver account. The three percent gross per annum variable/3.04 percent AER applies on balances between £1 to £1,000.
Currently, savers can pay in between £1 and £50 into the Digital Regular Saver account every month.
Savers will be able to adjust the standing order and top-up the total monthly contributions into this account but it cannot exceed the £50 maximum.
To qualify for the account, savers must hold a current account with NatWest in order to apply.
The account can be opened online or through the NatWest mobile app.
Money can also be withdrawn from this account at any time.
To do this, savers will need to move the amount they want to their current account held with NatWest using online banking, the mobile app, in branch or by telephone.
If a holder closes or switches their current account with NatWest in the future, they will only be able to withdraw money from their account in branch.
Full details on the Digital Regular Saver account can be found on NatWest's website.