Natwest is also offering to increase the rate of interest on its digital regular saver account
A high street bank has announced that anyone switching their main current account to it will be eligible for a £200 payout. Natwest said that people should receive the cash within seven days of meeting the eligibility criteria of logging into mobile banking and paying in £1,250.
Rachel Springall, a finance expert at Moneyfacts.co.uk, said: “It’s exciting to see such a generous free cash switching inventive launched onto the market at time where consumers may well be looking to move their bank account for a cash boost. “Switching offers don’t tend to stay around for long – a good example is the Santander £200 free cash offer which ended last week.”
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