We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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 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.
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 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.
- 1-Year Flexible Cash ISA. This account offers a fixed rate of return over a 1-year term, with some access to your money during this time.
- Premier 1-Year Flexible Cash ISA. Available exclusively to Premier account customers, this offers a slightly higher fixed rate of return than the standard 1-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 £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:
- 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!)
Our verdict
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.
More guides on Finder
-
Best stocks and shares ISA in the UK
We’ve reviewed the best stocks and shares ISA in the UK and explained who they’re best suited to, with pros and cons.
-
Best stocks and shares ISA in the UK
We’ve reviewed the best stocks and shares ISA in the UK and explained who they’re best suited to, with pros and cons.
-
What is capital gains tax?
Want to know what capital gains tax is, how it works and when you need to pay it? Read our comprehensive guide on what you need to know about capital gains tax including what your CGT allowance is for the 2021/2022 tax year.
-
Compare the best business bank accounts for ecommerce
Discover how opening a business bank account could benefit your e-commerce business.
-
The Warm Home Discount Scheme explained
Find out who gets the Warm Home Discount automatically, who needs to apply and how to do it. Plus more tips for saving on your energy bills.
-
Santander Select current account review
Learn more about the Santander Select current account to see if it’s right for you.
-
Virgin Money M Plus current account review
Discover what the Virgin Money M Plus current account has to offer in our review.
-
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to Bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
-
Monzo review: Is it worth it?
Is Monzo’s app-only current account the right option for you? Read our review to get the low-down on all of the features of the account, its card and the app.
-
Halifax Reward current account review
Discover what the Halifax Reward current account has to offer to see if it’s right for you.
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