Barclays "Everyday Saver" vs. "E-Savings Reward"

opinions4u

Jew wrote: »

As I said, I have just opened both an "Everyday Saver" and an "E-Savings Reward" — which is better for this purpose? I also have an e-ISA with NatWest.

So which, out of those 3 has the best rate? And how is it likely to change?

With the greatest respect, are you really asking hundreds of readers of this forum to research three specific account interest rates for you?

Accounts that you already have?

Jew

Since there's hundreds of users of this forum, I thought someone must have these three also, and would just be a quick reply.

droopsnoot

Everyday saver is 1.25% for certain balances, I forget what the ranges are though as it has tiered interest rates.

Jew

Thank you

Sceptic001

Jew wrote: »

Since there's hundreds of users of this forum, I thought someone must have these three also, and would just be a quick reply.

I suspect that contributors to this forum either (a) wouldn't touch these accounts with a barge-pole so are unable to advise, or (b) would be too ashamed to admit to having these accounts.

Jew

Sceptic001 wrote: »

I suspect that contributors to this forum either (a) wouldn't touch these accounts with a barge-pole so are unable to advise, or (b) would be too ashamed to admit to having these accounts.

LOL! Really? :P

I mean, I'm sure they have them open — they probably just don't use them?

So you think it's time a get a new account?

I have been considering changing... would be nice to have a card that's good for spending abroad as NatWest's is the WORST. Barclays is average at least.

getmore4less

We just cycle money through a Barclays monthly saver but then we offset them when they convert to a regular savings account.

e-savings reward it has 2 rates one for if you take money out(0.85%) in a month and one for where you don't(1.26%).

Both are higher than the everyday(0.65%).

Both drop after the bonus year.

for Barclays rates look here.
http://www.barclays.co.uk/Savings/P1242557963426

ColdIron

At first sight this seems a lazy question but there is an interesting wrinkle to it

As mentioned by others, both pay appalling interest (and they are bonus accounts if you can believe that) so I would recommend some sort of easy access savings account for real savings, almost certainly not with Barclays, but I have an Everyday Saver where I keep a thousand pounds or so for instant access as it is more secure than leaving it in the current account

The e-saving Reward is:-
1.25% on months you do not withdraw
0.85% on months that you do withdraw

The Everyday Saver is tiered but up to £10,000
0.65% regardless of withdrawals

The difference is miniscule but technically it seems that the e-savings Reward is the better of the two even if you withdraw every month

Out of curiosity I will phone them and post the reply

Bottom line - don't save with Barclays but their online banking is very good so I am happy for them to run my current account

atush

If you want a card with good rates abroad, look at Nationwide. But is a BS not a bank. Which might be a problem for you if you are only considering highstreet banks.

I think you are asking too much when you can just call your bank and ask the rate, or go to their website. If you wanted advice about a better place for your money (as said, a rate of at least 2.7% shoud be sought), then the links provided gave you what you needed.

I do agree that Santander are cr*p, but the UK bank is seperate from the parent. And you could have considered the other UK institutions in the link.

Jew

Thank you getmore4less and ColdIron! Those were the replies I was looking for

I've transferred all of the money from the Everyday Saver to the E-Savings Reward.

Now to figure out if it's better or worse than the e-ISA of NatWest?

I've had the e-ISA for a few years, so it no longer has any bonus.

I just opened the E-Savings with Barclays.