The Top Easy Access Savings Discussion Area

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.

refluxer

soulsaver said:

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 years 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... 

Yes, it's probably not worth the effort for new customers (and hence only worthy of a mention rather than full inclusion on the list) but it's pretty-much a no-brainer for a Barclays current account holder like myself, who already uses their account for direct debits. Rejoining the Blue Rewards scheme and opening a Rainy Day Saver took around 2 minutes in total via online banking.

Daliah

soulsaver said:

smithers1981 said:

Al Rayan now showing 2.35% 

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

For me, Al Rayan is now tops again for my instant access money as I still need a lot more than 6 withdrawals a year