The bank will pay £150 to anyone who opens an account using its mobile app before 5pm on April 7. To get the cash they also have to deposit £1,250 into their new NatWest account and log in to its app before May 12. In addition, NatWest has also sweetened the interest rate on its digital regular saver account. However, once NatWest savers have built up £1,000 in the account the interest rate drops to 0.25% on balances up to £5,000, and to 0.1% on anything above that. The 3% NatWest savings rate, while welcome, is still outstripped by inflation - which is currently above 5%, and could reach 8% in months.

Source: Daily Mirror March 22, 2022 09:18 UTC