Natwest International Personal Banking (IPB) has launched its fourth three-year fixed rate stepped deposit account.
The Natwest IPB Stepped Deposit Issue 4 has a three year investment term with interest rates which rise each year by a set amount dictated by the size of the initial investment.
Those who choose to invest between £5,000 and £49,999 will receive 1.5%, 2.5% and 3.5% in the first, second and third year respectively. Those who invest between £50,000 and £99,999 will receive 2%, 3% and 4% respectively, while those in the highest bracket of £100,000 to £500,000 will receive 2.5%, 3.5% and 4.5%.
Interest will be paid annually on the anniversary and on the last day within the term of the Deposit. Issue 4 was launched on 4 January and the first year of interest is calculated daily from the day the deposit is received.
