NatWest boosts business savings with market-leading interest rate

NatWest, the UK’s biggest bank for business, has increased the interest rate on one of its business savings accounts from 2.10% to 3.50% gross rate – the highest rate of interest offered by any major lender on equivalent accounts, as part of its wider support package to help business customers facing challenges posed by inflation and the cost of doing business.NatWest’s 95 day Liquidity Manager Notice Account is ideal for business customers who want to earn higher returns on their savings, and don’t need immediate access to funds. There is no minimum deposit required to open the account, and there is no maximum balance limit. Interest is calculated on the account’s daily balance and applied on the last business day of each month.

James Holian, head of business banking at NatWest, said: “As the UK’s biggest bank for business, we are delighted to be able to offer our business customers a market-leading interest rate on this account. If you want to earn higher returns on your savings, and don’t need immediate access to them, then this account could be ideal. We hope this incentive will help businesses build their financial reserves and support them in making higher returns on their hard-earned savings.”