Natwest Bank

Natwest Bank (National Westminster Bank plc) is a commercial bank in the UK. The bank is better known as Natwest and has been a part of The Royal Bank of Scotland Group since 2000.[br]

Natwest Bank was established in 1968 when the National Provincial Bank and the Westminster Bank merged together. Due to this merger, Natwest grew to be one of the four biggest clearing banks in the UK and has a network of 1,600 branches and over 3,400 cash machines. Natwest offers a robust 24×7 customer service and online banking service. In 2009, it had more than 7.5 million customers and 850,000 business accounts.

Natwest Bank: Genesis

The bank’s genesis can be traced back to 1650, when Smith’s of Nottingham was founded. However the modern bank only started functioning in 1968 and Natwest started trading on 1^st January, 1970.

 

The ‘Three Arrowheads’ was adopted as the bank’s logo and symbolized circulation of money. ‘Three’ arrowheads were also chosen to represent the three constituents of the bank namely: National Provincial, Westminster and District Bank.

Natwest Bank: Products and Services

Natwest bank offers almost all kinds of financial products, be it saving accounts, or mortgages. They specialize in personal, private, business and commercial banking. Let’s have a closer look at their products:

 

·        Current Accounts: Natwest bank offers current accounts that offer travel cover, better interest rates, free access to the funds, cash rewards and overdrafts facilities. Students and professionals can apply for these accounts with equal ease.[br]

·        Savings: Be it a Cash ISA, instant access accounts or saving accounts for children, Natwest offers a range of saving accounts with interest as 5%.

·        Credit Cards: With cards that don’t attract any interest rates on balance transfers and purchases for as long as 13 months to cards that offer high credit limits, Natwest offers credit cards with enough options for all kinds of consumers.

·        Insurance: Natwest is the home to some of the most comprehensive car, home, life and travel insurance policies. They also offer discounts as high as 20% on some of their policies.

 

Natwest bank also offers lucrative opportunities of investments besides other regular products such as loans.