NatWest is targeting savers concerned by the drop in interest rates with a new one-year fixed term bond.
Whilst the recent drop in the Bank of England base rate is good news for mortgage holders, savers will be wondering about return on their investments.
Last month NatWest was offering a five per cent savings bond and this month it is offering savers a 4.75 return.
Customers can invest between £5,000 and £20,000 which must be kept with the bank for the full year.
Helen Page, NatWest brand director, said: "We are pleased to be able to offer a further product of this type following the overwhelming popularity of last month’s limited edition bond.”
She added: “For our customers who are looking to put their money away for longer with a guaranteed interest rate, this is a good, competitive option." To read more about investment click here.
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