First Time Buyer Savings Account Launched

Published: 5/23/2010

A new Natwest Bank savings account has been launched that is designed for first time buyers looking to put money away for a house deposit.

Called the First Home Saver Account this new Natwest Bank account gives a massive GBP5,000 cashback upon completing a Natwest Bank mortgage. The proviso is that the customer must have had the account and kept at least the minimum balance in each specified tier for six months.

The account pays interest up to 3.1 percent AER and needs just GBP100 to open. Of course it is the cashback offer that will be the biggest draw for potential Natwest Bank savings account customers since it is a large sum of money, especially for first time buyers.

Find the best rates on Natwest Bank Savings Accounts.