Compare Natwest ISAs

Natwest ISA

If you are looking for a tax-free or tax efficient way to save, you may be wondering if a Natwest ISA is the right choice for you. Whether you’re looking for a Cash ISA, Stocks and Shares ISA or both, it’s best to make sure you’re getting the most from your personal allowance, so before you decide you can check out the comparison table below to compare a selection of top, best buy ISAs from different providers and click the links to apply online:

Natwest offers a choice of a fixed rate ISA or Instant Access ISA:

1. Natwest Fixed Rate Cash ISA: offers a fixed rate you know in advance how much your savings will earn with a choice of one or two year terms. This account operates on a tiered system of interest so the more invested the better the interest rate offered. Interest paid annually.

1. Natwest Easy Cash ISA: offers tax-free savings within your annual maximum allowance. The interest paid is variable and paid monthly, works on a tiered system so savers who invest more will receive better rates of interest. No withdrawal penalties so you are free to take out money whenever you want to.

1. Natwest also offer a Help to Buy ISA and a Junior ISA.

Types of ISA

UK ISA’s can be categorised as either Cash Individual Savings Account or Stocks & Shares Individual Savings Accounts. You are only allowed to have one of each type of ISA each tax year, your personal allowance amount stays the same however, so if you choose to open one of each account you need to break up your allowance between the two.

1. Cash ISAs – Work essentially like a standard savings account, the only difference is up to your maximum allowance any interest you earn is tax-free. Providers tend to offer ISA’s in various different incarnations depending on how much access you feel you will need to your savings. Some types of Cash ISA may include; Fixed rate, Easy Access, Instant Access. Generally with each provider accounts that offer you less access to your savings over the term of the account will offer better rates of interest than their accounts with more flexible access to your savings.

1. Stocks & Shares ISAs – Work as an investment account you can use to put money into other products such as; gilts, funds, shares and stocks. There is a choice between self-select ISAs that allow you to pick the specific investments yourself or ISAs that pool your money into funds with other investors, While you still have to pay interest on dividends earned, you do not have to pay capital gains tax or income tax up to your maximum allowance. As the investments you make with this kind of account can decrease in value as well as increase you may get back less than you originally invested with this kind of ISA and your capital is not protected.

Transferring ISAs

All providers of ISAs have to let you transfer them to other providers; however they are allowed to place an interest penalty on your account for doing so. This means it is worth regularly shopping around to find the best buy ISA available to you, however if your current provider will impose a penalty you should check to ensure that you would not actually earn more staying put.