It means business customers pay the bank a % of their deposit to keep money in the bank.
Normally the bank pays you interest on the money you keep with them. Interest rates are close to 0% at the moment, Natwest in considering going past that into negative interest.
This is a bit off topic but say you haven't touched the money in your bank account for like a year or so does the interest keep increasing. I have an account with Natwest (not business though).
This is a bit off topic but say you haven't touched the money in your bank account for like a year or so does the interest keep increasing. I have an account with Natwest (not business though).
In theory, yes. But interest rates are so poor at the moment you probably won't see very much
Yeah... if only I could afford a house I checked the "where can you afford to live?" calculator on the BBC and I can afford a house in the Outer Hebrides and around Glasgow only
Maybe moving to the Outer Hebrides isn't such a bad idea given everything that's happening in the UK.
Yeah... if only I could afford a house I checked the "where can you afford to live?" calculator on the BBC and I can afford a house in the Outer Hebrides and around Glasgow only
Maybe moving to the Outer Hebrides isn't such a bad idea given everything that's happening in the UK.