Raisin UK makes it easier to apply for deposit protected savings accounts. Our savings service connects you with a range of banks and includes exclusive savings accounts and rates; all curated to help you earn more from your savings:
£10 welcome bonus offer
Wide range of partner banks all offering FSCS protection
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, and whether it might be the right bank to suit your financial aims.
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 most the first contactless card in 2007.
As one of the UK’s ‘big four’ banks, they offer services to cover all financial needs. Check out our tables and compare the accounts Barclays has to offer.
Instant access savings accounts
Table: sorted by interest rate, promoted deals first
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 offer one savings account for adults:
Everyday Saver. This account can be opened from £1, offering instant access to cash via online, mobile and telephone banking.
What about cash ISAs?
Barclays currently offer three 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 (0.75% for 2 years), with some access.
Help to Buy ISA. Help with saving towards your first home.
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 £3,000 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 19 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:
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:
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.
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?
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.
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!)
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Read more on this topic
Current interest rates in the UKWe have researched the average interest rates to show how much interest you are making by keeping your cash in a savings account.
Leap year 202029 February (2020’s leap year day) may fly under the radar for a lot of people, but research from Finder has found that Brits on a full-time salary are losing an average of £151.40 because of it.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.