barclays current account?

james3333

can anyone tell me what the current interest rate is on a barclays current account?
i cant find it ANYWHERE on their website!!
cheers

gil13

something silly like 0.10% I think, don't bother!

james3333

how come halifax can offer such high interest current accounts, but barclays dont want to compete?
i have an ISA, current account and E-savings with barclays and really dont want to have to move my current account ( been with barclays 15+years)
everything is set up really nice and easy online banking for me with barclays....
:mad: :mad:

frivolous_fay

Banks count on your loyalty, which allows them to make money from yours on the assumption that you won't bother to switch to a decent bank.

Your loyalty is getting you peanuts in interest! Why not switch to a bank where you can do everything easily online and you get bonus interest for opening savings accounts and an ISA to go with your current account?

I have smile in mind but I'm sure there are equally good banks out there!

grumbler

Halifax requires min £1000 p.m. credits. Barclays doesn't.
Halifax pays 5%+ only on first £2500. If you spend £2500 p.m. average balance is about £1250 and annual interest is just about £65 gross. Not a lot for those spending £2500 p.m. Otherwise, why on earth would you keep such a balance on your current account while there are a so many instant-access savings accounts around?

Yes, 5%+ is a good rate, but I'll never switch my account unless this rate comes with many other advantages. Does it?
I have few savings accounts with Halifax. Dealing with their branch staff while opening the accounts was a nightmare.

james3333

thinking of switching from barclays now.... see my post above, any help VERY welcome!

oldfella

keep the minimum in the Barclays CA, use their online saver to keep a few thousand to switch funds into the CA when you need them, hold the rest of your savings funds in a high interest account elsewhere. Moving funds to and from the online saver is instant with no interest lost

high interest CAs should not be an incentive to switch banks

Mike

andyrules

james, I too got fed up with pants interest from Barclays, been with them for 15 years. Switched to Lloyds Classic plus, get a good rate (plus they have an 8% saver) and all set up online. Got £50 cash bonus as a 'hello' too. Their call centre is no better/worse than any other I've experienced. This does require a £1000 minimum paid in though, and as my money is about to take a hike downwards, I'll probably be looking at A&L or Cahoot. I've given up on loyalty. Hope this helps.

mleonard79

I also have a barclays current account that I've had for nearly 10 years - it was my first proper bank account really and I wouldn'y close it. I would suggest that you don't close yours either after such a long time as having such a long-standing relationship with a bank is good for your credit rating. At the same time though I now also have the much better alliance & leicester account with a good rate and a regular saver so I have the best of both worlds so to speak and just use the barclays account for a few transactions.

Regards

Michelle