The Top Easy Access Savings Discussion Area

anticlaus105

littlemissbossy said:

Barclays 5.12% up to £5k for existing current account customers (Blue Rewards)

https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

It says in T&C you will no longer receive the £5 blue reward cash if you open the RD saver. Is this correct? So in effect this saver costs £5 per month.

crumpet_man

anticlaus105 said:

littlemissbossy said:

Barclays 5.12% up to £5k for existing current account customers (Blue Rewards)

https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

It says in T&C you will no longer receive the £5 blue reward cash if you open the RD saver. Is this correct? So in effect this saver costs £5 per month.

I cannot find that in the T&C, I suspect you have misread this:

• You won’t receive a monthly cash reward to your Blue Rewards Wallet for having a Rainy Day Saver account. Your existing monthly Blue Rewards aren’t affected and we’ll keep paying them into your Blue Rewards wallet

refluxer

littlemissbossy said:

Barclays 5.12% up to £5k for existing current account customers (Blue Rewards)

https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

Barclays made changes to the Blue Rewards scheme which now make it a waste of time unless you also have a mortgage, loan, life insurance or house insurance with them.

However - for those who don't and aren't current Blue Rewards members, provided you have at least £800 coming in plus two direct debits coming out of your current account each month to cover the £5/month fee, then this might make it worthwhile again.

kaMelo

anticlaus105 said:

littlemissbossy said:

Barclays 5.12% up to £5k for existing current account customers (Blue Rewards)

https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/

It says in T&C you will no longer receive the £5 blue reward cash if you open the RD saver. Is this correct? So in effect this saver costs £5 per month.

What it actually says is

• You won’t receive a monthly cash reward to your Blue Rewards Wallet for having a Rainy Day Saver account. Your existing monthly Blue Rewards aren’t affected and we’ll keep paying them into your Blue Rewards wallet.

So yes you will still keep the £5 monthly payment, you just won't receive any extra for having a rainy day saver account.  

Whilst not getting anything from the account I have kept the Blue Rewards switched on so this is a nice surprise. Account is opened in under a minute.

anticlaus105

Thanks. That's not so bad as I don't get anything above the monthly £5 anyway.

S_uk

Would be funny if Chase now went completely left field and offered 2.50%

smithers1981

Al Rayan now showing 2.35% 

soulsaver

Well Barclays with it's complicated charge £5 and get it back if you jump through hoops (2 x DDs & pay in £800 pm) will get them no more than a slot in the footnotes of ToTP...

And if the rubbish offer that has persisted for the last year means you'd abandoned it & haven't got access now, you'll be impressed with the hoops you need to jump through to even access, er.., the hoops you need to jump through... 

soulsaver

smithers1981 said:

Al Rayan now showing 2.35% 

Thanks.
A bit of a disappointment from AR.. settling for 2nd. ToTP updated.

2010

S_uk said:

Would be funny if Chase now went completely left field and offered 2.50%

Hilarious but it`s not going to happen.
Chase was ahead of the game at the time and done a great job for the new mobiles market.