NatWest ISA

About NatWest ISA

Although you may find the credit crunch biting hard at the moment, now is the perfect time for you to invest your hard earned savings. Choosing a form of investment such as the NatWest ISA has certain benefits over a traditional savings bank account, not least because an ISA, which stands for Investment Savings Account and was introduced by the UK Government in order to encourage people to save more, better protects your money and is fully covered by the Financial Services Compensation Scheme. As you may have noticed, banks can only guarantee a certain amount of savings if they get themselves into a financial mess. Furthermore, you will be able to invest up to £7,200 a year completely tax free in a NatWest ISA, although there are certain restrictions. Indeed, only £3,600 of this allowance can be invested each year in a cash ISA, although it is possible to have several NatWest ISA accounts subject to limitations and providing they were taken out in different tax years. Also, the remaining £3,600 of the allowance can be used to invest in one of NatWest's stocks and shares ISAs, which comprise a Self-Select ISA that allows you to choose exactly where and how much you want to invest and the Investment Options ISA, which is managed by the award-winning Morley Fund Management. The most popular NatWest ISA, however, is its cash version. In fact, there are two types of cash ISAs to choose from with NatWest – the e-ISA, which is ideal for transferring your cash ISA from another provider and is entirely managed online offering between 2.25% and 2.50% AER, and the standard Cash ISA, which includes branch access to the funds and has an AER of 0.60% to 2.00%. In short, choosing a NatWest ISA is an excellent way to save money without paying tax.

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