How to get 2% cashback on utilities including council tax!

** Please note that the terms on changing on the Natwest Reward account from 1st February, the article below is written based on the  terms prior to that date **

Natwest offer an account called the Reward Account, it has a £2/month fee but provides 2% cashback on household bills (including council tax!). This means anyone with qualifying household bills greater than £100/month will be better off financially by opening an account. Here is how the finances may work out:

Natwest have a tool set up where you can adjust these figures to match your individual circumstances:

Natwest Reward Calculator

It makes sense to try and have only 1 reward account per household to avoid paying the £2/month fee more than once.