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Barclays savings accounts
Read on to find out more about one of the UK's 'big four' banks.
Barclays is a British multinational banking and financial services company headquartered in London. Read on to find out all there is to know about Barclays savings accounts, and whether Barclays might be the right bank to suit your financial needs and goals.
A bit more about Barclays
Barclays can lay claim to many landmark moments in modern UK banking. They introduced the first credit card in 1966, the first cash machine a year later, the first debit card in 1987, and the first contactless card in 2007.
As one of the UK’s biggest ‘high street’ banking brands, they offer services to cover all financial needs. Check out our tables and compare the accounts Barclays has to offer.
Barclays instant access savings accounts
Table: sorted by interest rate, promoted deals first
Cash ISAs
Table: sorted by interest rate, promoted deals first
Fixed-rate bonds
Table: sorted by interest rate, promoted deals first
What current accounts does Barclays offer?
Barclays currently offer two different current accounts:
- Barclays Bank Account. This account can be opened online. It offers flexibility and customisability, and is Barclays standard current account.
- Premier Current Account. If you pay an annual gross income of £75,000+ into one of these account, you get an exclusive service (including individualised customer service, Premier Rewards and benefits).
What savings accounts does Barclays offer?
Barclays currently offers two savings account for adults:
- Everyday Saver. This account can be opened from £1, offering instant access to cash via online, mobile and telephone banking.
- Blue Rewards Saver. This account can only be opened by existing Barclays customers who are members of the bank’s Blue Rewards loyalty and rewards scheme. It costs £5/month to be a Blue Rewards member.
What about cash ISAs?
Barclays currently offer four different cash ISAs:
- Instant Cash ISA. Take advantage of tax-free savings of up to £20,000, with full access to your money.
- 2-Year Flexible Cash ISA. This account offers a fixed rate of return over a 2-year term, with some access to your money during this time.
- Premier 2-Year Flexible Cash ISA. Available exclusively to Premier account customers, this offers a slightly higher fixed rate of return than the standard 2-Year Flexible Cash ISA.
- Wealth 2-Year Flexible Cash ISA. Available exclusively to Wealth Management customers, this offers the same account terms and interest rate as the Premier 2-Year Flexible Cash ISA.
Does Barclays offer any student or graduate accounts?
Barclays currently offer three different accounts for students and graduates:
- Student Additions Account. Apply for an overdraft of up to £1,500 over the course of your studies.
- Student Additions Account (International) This account is the same as the one above, but for students that have arrived in the UK to study.
- Higher Education Account. This account bridges the gap between your studies and new life, with overdraft options as well as cashback and rewards.
Does Barclays offer any savings accounts for children?
Here are the two children’s savings accounts on offer with Barclays:
- Children’s Saver. This account is open to any child under 18, offering 1.51% AER.
- Children’s Regular SaverSavings Account. This account is open to any child under 16, offering 3.5% AER. Save between £5 and £100 per month by standing order over 12 months.
They also offer the following current accounts for young people:
- BarclayPlus. An account for 11 to 15 year olds, ready to open with just £1.
- Young Person’s Account. An account for 16 to 17 year olds, allowing you to save, spend, and enjoy your money the way you want.
Is it easy to switch to Barclays?
Barclays offer a ‘Switch Guarantee‘, which simply means it will make the switchover as painless as possible. If you visit a branch they will be able to help you with:
- Transferring your payments from your old account (such as Direct Debits and Bill payments)
- Transferring any balance from your old account
- Closing your old account
They aim to have this all done within 7 working days.
How do I decide which account is for me?
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access for instance)
- Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)
Does Barclays offer online or mobile banking?
Yep, it offers both. Here are some of the basic features:
Online banking
- Check balances. For any type of account.
- Transfer money between accounts. In a matter of seconds.
- Pay bills and people. All within the online portal.
Mobile banking
- All of those features. On the go.
- Barclays Pingit. Pay friends as simply as sending a text.
What are the benefits and drawbacks of banking with Barclays?
The benefits
- Online and mobile banking. The Barclays app makes it simple to keep an eye on your finances.
- Flexibility. Barclays does offer a wide range of accounts for any sort of financial need.
The drawbacks
- Better rates elsewhere? Rates are pretty poor right now across the board, but you might be able to squeeze a slightly better rate from other providers. (Depending on your needs!)
The bottom line
From cash ISAs to children’s savings, Barclays’ vast range of savings accounts and other services covers everything you need to manage your money, in a branch, online or on your mobile.
However, as with any financial decision, do your research beforehand to check you’ll be getting the best rates and flexibility that you’re looking for.
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Ask an Expert
Hi I’m just looking for a Barclays saving account where I can set up to pay a weekly amount into and not be allowed to access it for 6 months.just to help me save.is there an account for that??
Hi Stuart,
Thank you for reaching out to Finder.
Yes Barclay provides flexible and customizable options when opening a savings account. Though you may need to speak to a bank representative directly to provide the requirements you wish to have with the account. You may want to check the Barclays Bank Account. This account can be opened online. It offers flexibility and customisability, and is Barclays standard current account. Hope this helps!
Cheers,
Reggie
What is the best interest saving account at Barclays? I have a current account and an ISA account.
Hello Richard,
Thank you for your comment.
Upon checking, Barclays have an everyday account which lets you earn 0.25% (£1 to £49,999) 0.30% (£50,000 to £10 million) (Rate % AER/gross per year).
Below is the list of the savings account you can open with Barclays:
Instant Cash ISA – Issue 1
2-Year Flexible Cash ISA – Issue 18
Help to Buy: ISA
Everyday Saver
1-Year Fixed-Rate Bond – Issue 92
2-Year Flexible Bond – Issue 38
2-Year Premier Flexible Bond – Issue 17
3-Year Flexible Monthly Income Bond – Issue 1
2-Year Premier Flexible Cash ISA – Issue 5
Children’s Instant Saver – Issue 1
Children’s Regular Saver – Issue 1
Euro Savings account
US Dollar Savings account
Helpful Start
I suggest that you visit Barclays’ website to know more about their accounts with high-interest rates.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
I already have a savings and current account with Barclays. Can I open another savings account?
Hello Jo,
Thank you for your comment.
Yes, it’s possible to open multiple savings and current accounts with Barclays.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Hello I’ve got bank account with Barclay’s I got it as a joint account with my husband and we would like to open a saving acount
Hi Agnieszka,
Thanks for getting in touch with finder. I hope all is well with you. :)
Yes, you may still apply for a saving account. What you need to do is get in touch with Barclays. You can submit your application online through their official website or visit their local branch near you.
Alternatively, you may also check other bank accounts available on our page.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
If I open a savings account, does it have a sort code or do only checking accounts have sort codes?
Hi Barbara,
Thanks for reaching out to finder.
Yes. Savings accounts are also assigned a sort code just like checking accounts as it identifies both the bank and the branch where the account is held.
You can find your Barclays sort code in one of the following places:
– On your Barclays debit card, usually on the front under your name
– On your Barclays Mobile Banking accounts homepage, just below your account name.
– On your Online Banking accounts homepage, just below your account name.
– On your bank statements
– Printed on your cheques or paying-in book
I hope this information helps.
Cheers,
Charisse