Any reason to keep Barclays blue rewards when rainy day saver interest rate no longer highest????

Zopa_Trooper

What's the difference a year between £5000 in Barclays Rainy Day and Santander easy access? £4?

Look, I'm as big a rate tart as the next man but I think we're at a point now where its hardly worth the hassle. It's more down to who you are comfortable with, how easy the transfers in and out are, how often they pay, etc. I thought about moving to the Metro offer but decided against it, what with the financial cloud hanging over the business AND when I worked out little better I'd be off financially. I'll stick with Barclays until another switch becomes available, this is the first I've been eligible for some time. That's where you make the real money.

Note: Before anybody moans at me, each to their own. 

boingy

My current stance is only to move my "big" savings if the gain is at least 0.5%. So I'm still with 5% Tandem for now.

[Deleted User]

I have closed mine.

alibean121

I've seen this or similar comment numerous times now and I'm still struggling to understand where people are using instead.

I still can't see anything with no minimum balance and no withdrawal restrictions that beats this 5.15% rate and feel like I must be losing my mind. I don't now keep the balance at £5k like I used to but if I want to park spare money for a few days, it's still the account I'm using.

Most of my money is in my YBS ISA or one of my regular savers all at better rate but I still have a use for an account without withdrawal restrictions eg. to park my wages from the 20th when I'm paid to the 1st when all the DDs/SOs go out.

friolento

alibean121 said:

I've seen this or similar comment numerous times now and I'm still struggling to understand where people are using instead.

I still can't see anything with no minimum balance and no withdrawal restrictions that beats this 5.15% rate and feel like I must be losing my mind. I don't now keep the balance at £5k like I used to but if I want to park spare money for a few days, it's still the account I'm using.

Most of my money is in my YBS ISA or one of my regular savers all at better rate but I still have a use for an account without withdrawal restrictions eg. to park my wages from the 20th when I'm paid to the 1st when all the DDs/SOs go out.

Metro and Ulster, and you missed Santander. For small amounts of money, parked for just 10 days each month, it will make little difference whether you get 5.22% or 5%. So I wouldn't sweat about it.

Say you have an average of £1,000 for 12 x 12 days = 144 days over a year.

At 5%, you get £19.72 in interest over the entire year.

At 5.22%, it is £20.59. The difference buys not even an extra cup of coffee.

Hattie627

35har1old said:

davidm1 said:

Thanks. Was not aware of the current CB promotion. Have now did £200 to nsi, let's hope it track

Might not accept NS&I  as a retailer

I can confirm that they do. I have already received the max £10 debit card CB for November from one DC payment of £200 to my NSI Direct Saver in early Nov.

surreysaver

35har1old said:

davidm1 said:

Thanks. Was not aware of the current CB promotion. Have now did £200 to nsi, let's hope it track

Might not accept NS&I  as a retailer

It has for me.
I'm keeping Barclays Blue, as it'll probably become competitive again when rates drop elsewhere 

wiseonesomeofthetime

Debit card deposit to my Yorkshire Building Society easy access savings account did NOT track.

flaneurs_lobster

Reason to keep Blue Rewards? They've just doled out double-dibs of the November £10 cashback deal. 

35har1old

wiseonesomeofthetime said:

Debit card deposit to my Yorkshire Building Society easy access savings account did NOT track.

The definition of retailer a company that sells goods but somehow NS&I managed to be classed as a retailer who now has slashed there rates