Barclays Rainy Day

ElaineViccars

After reading your article on the savings at Barclays, as I already have an account with them I signed up for the Blue Rewards and put the Maximum(5K) in the Rainy Day to get the 5%.  Where else is there a good place to get a good interest as we still have some money to invest. Thank you Elaine 

refluxer

The first thing to decide is what sort of access you need to the money because, if you don't need easy access to all of it, you can get better rates by locking some of it away for a set period of time in a notice or fixed rate account.

I would start by having a read here https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

P.S. when it comes to bank accounts, you're saving not investing

2groovy1

Hi, I have a Barclays blue reward account that i was thinking of moving to first direct for the £175 reward but i saw this savings account and now think this is a good option for £5000.

My question is, if i open a rainy day saver then move my current account away from Barclays will i still be able to keep my rainy day saver and ISA accounts at Barclays?

refluxer

2groovy1 said:

Hi, I have a Barclays blue reward account that i was thinking of moving to first direct for the £175 reward but i saw this savings account and now think this is a good option for £5000.

My question is, if i open a rainy day saver then move my current account away from Barclays will i still be able to keep my rainy day saver and ISA accounts at Barclays?

Blue Rewards is linked to your Barclays current account so if you close that, you'll also lose Blue Rewards and won't be able to open a Rainy Day Saver.

You should be OK to keep your ISA although you might want to look at ISA rates elsewhere if it's a Cash ISA, as Barclays' rates are poor.

wmb194

2groovy1 said:

Hi, I have a Barclays blue reward account that i was thinking of moving to first direct for the £175 reward but i saw this savings account and now think this is a good option for £5000.

My question is, if i open a rainy day saver then move my current account away from Barclays will i still be able to keep my rainy day saver and ISA accounts at Barclays?

What do the terms say? You need a current account to be a Blue Rewards customer and that won't be possible without a Barclays current account.

You should be able to keep your Isas but will you face an issue when it comes to withdrawing money from them?

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

• If for any reason you stop being a member of Barclays Blue Rewards, we’ll convert your Rainy Day Saver account to the Barclays instant access savings account specified in our interest rate leaflet and on our website. Before we do this, we’ll contact you to tell you the new account’s terms
• To join and stay eligible for Barclays Blue Rewards, you’ll need to pay at least £800 into your chosen current account every month and pay the monthly fee from that account. If you’d like to know more about Barclays Blue Rewards terms and conditions, the monthly fee and what you have to do to earn Barclays Blue Rewards, please visit barclays.co.uk/bluerewards 

Band7

2groovy1 said:

Hi, I have a Barclays blue reward account that i was thinking of moving to first direct for the £175 reward but i saw this savings account and now think this is a good option for £5000.

My question is, if i open a rainy day saver then move my current account away from Barclays will i still be able to keep my rainy day saver and ISA accounts at Barclays?

Keep your Barclays account and your access to their Rainy Day Saver.

For the £175 switch bonus, just open another current account, specifically for switching. Search for donor/burner accounts on this forum.