How to apply Close. To help you do this, we have a simple transfer process that safeguards your tax-free entitlement. Tax- free interest means that interest payable is exempt from UK income tax. These can change at any time. Transferring into a cash ISA Close. Existing cash ISA customer If you are transferring your cash ISA funds from the list of providers see the drop- down on the left , you can make a paperless transfer request now by logging in to digital banking.
Facts, rates and details about your existing products. ISA rates. Ways to bank. You can manage your account online, in branch or over the phone. Visit ways to bank. Want to save more?
Need help reaching your savings goal? If the interest you've earned doesn't cover this, you'll get back less than you put in. You'll receive an email asking you to confirm your email address - it's important to do this in order to get unrestricted access to your Online ISA and to receive email reminders when you have new messages from us. Once your application has been processed, we'll send you another email asking you to log in to your Online ISA.
Please note it can take up to 24 hours before your account is ready to access. Variable : A variable rate of interest can go up or down throughout the lifetime of a savings account. The tax advantages depend on your individual circumstances and the tax treatment of ISAs may change in the future. Breakage Charge : A charge applied for early closure of a product. Early closure includes closing a product while it is within a fixed term, or transferring or closing your Online ISA while a product within it is in a fixed term.
Early closure does not include closure within the first 14 days of having opened a product. Nominated Account : A Nominated Account is a current account that we link to your savings account so that you can transfer money safely and securely.
It must be a UK personal bank or building society account in your name s that accepts Direct Credits. Secure message : The method of contact that will be used when communicating about your account.
Secure messages can be viewed or sent by accessing your account online. Calls may be monitored or recorded for training and compliance purposes. There are different types of ISA. You can find an up to date list of those available on the government information and services website. Please note, you'll also need a valid email address, as this is how we'll correspond with you about your ISA. The interest earned in the Online ISA is tax-free.
We are not able to accept paper or telephone applications. You'll be given the option to choose one product you wish to open within your Online ISA. If you'd like to split your funds across more than one product, you can choose to put your money in the Holding Account and move your funds once your account has been set up. Please note, the products or rates of interest on offer can be changed or withdrawn at any time.
If you are using the Holding Account to consolidate or split your ISA savings before opening a specific product, there is a risk that the product or rate of interest you wanted will no longer be available by the time any funds are received.
We'll use electronic checks to confirm your identity if you're over 18 and are not applying on behalf of someone else as part of the Online ISA application process. If we've been unable to confirm your identity electronically, we'll contact you by secure message to request identification before we can open your account. For fraud prevention and so that we can comply with anti-money laundering legislation, we may also ask for identification to be provided at other times.
Please see the 'How do I certify my documents? Once your account is open you can pay in your savings across different types of products fixed rate with different terms or variable rate products , or put it all into a single product offered within the Online ISA.
When your Online ISA is open and you have logged in, you'll be able to make deposits, transfer in other ISAs, open new products and move money between products. You can also view your personal details, statements and important documentation related to your ISA. You can open a new product with a deposit or a transfer of funds from another ISA provider.
Before making a decision to transfer your existing ISA to us you should check if your current provider will charge a fee. If you would like to split your ISA savings between products, or would like to consolidate funds from previous years' ISAs before opening a product, you can choose to put your funds into the Holding Account.
You can then split the funds in the Holding Account to fund the opening of one or more products. Please note, there will be on-screen instructions provided when you request an ISA transfer, and you may need to print out relevant documents and send them to us by post. When you complete the online application you'll be asked how you'd like to fund the product you're opening in your Online ISA. The on-screen guidance will explain how to complete the transfer form.
Please note, depending on which provider you are transferring funds from, you may need to print a paper form to send to us in the post to the address below :. If funds are withdrawn from the Post Office savings account, you can then pay in to the Online ISA by cheque or debit card. Please be sure to check whether withdrawing funds from your existing Post Office savings account would incur any charges.
If you make payments directly to us, we will initially pay these into an account held with NatWest. We will then transfer this money to Bank of Ireland UK. This is also what happens if we receive a transfer cheque from another ISA provider. Please note that any money you hold in other accounts with NatWest will count towards compensation limits. You can find out more about how your money is protected when it's held in a bank or building society account by going to the "What we cover" section of the FSCS website at www.
Once your Online ISA is open and you've logged into it, you can make additional deposits into either a new product when available or into existing products held in your Online ISA if they accept additional deposits by debit card payment online or by cheque. The minimum deposit amount can be found in the Key Information Pack for existing products or the Summary Box for new products.
You can see your remaining subscription allowance for the current tax year subject to any contributions to other types of ISAs on your 'ISA Overview' page. Once your Online ISA is open, you can withdraw funds from it at any time by accessing your account online. You can either select the product you'd like to make the withdrawal from on your 'ISA Summary' screen or you can select the 'Withdrawals and closures' area of your account.
Please note this ISA does not have flexible features. Whether there is a charge depends on which Online ISA product s your savings are held in. There are no restrictions on the number of withdrawals that can be made from Easy Access products or the Holding Account. Withdrawals are not permitted during the fixed term of the Fixed Rate product. If you need access to your money during the fixed term, you'll need to close the product, which will incur a Breakage Charge.
Please note, the Breakage Charge will not be applied if you close your product within 14 days of opening. If you already have an Online ISA with us, you can see the current interest rates that apply to your products on the ISA Overview page once you're logged in.
For more information on how your interest rates work, please refer to the Key Information Pack and Summary Box saved in your 'My Documents' area. Please be aware, if we've asked for proof of identity or any other information before we can open your account, then no interest will be earned until we've received the required information. Debit card — will start to earn interest two working days after your payment is authorised e.
Cheques — will start to earn interest from the day we receive the cheque. Please note, we only accept deposits by cheque on working days. Where interest is payable, interest will be earned from the day the funds are deposited into your account until the day before withdrawal, closure of transfer. You must allow six clear working days for clearance on all cheques paid in before a withdrawal can be made against them.
CoP has been introduced by the finance industry to help tackle fraud. Keeping your money safe and secure is a top priority and this new account name checking service is in place to ensure you're sending your payment to the correct person or business. Funds will usually be available as cleared funds in your account on the same working day we receive them. Register for online services. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Registered in England and Wales company number Visit the Money Advice Service. About us Interest rates Support Contact us Branches.
Online Services Register Login. Can NatWest International change the interest rate? Select a term to view the estimated balance after 6 or 12 months on a range of deposits. Fixed amount deposited at start date. Balance at maturity date. Interest earned. How do I open and manage my account? You can not add or withdraw money from your fixed rate savings account after the Start Date.
A deposit certificate will be sent to you within 14 working days confirming the details of your deposit. On the Maturity Date, your deposit and any interest earned will be paid into your Cash Management account. After the Maturity Date, if you no longer need the Cash Management account linked to your Fixed Term Deposit, please advise us in writing to close the account.
Can I withdraw or transfer money?
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