Barclays Reward saver.

[Deleted User]

Hello, 
I've just come across  the "Reward saver"  from barclays the rate isn't great (2.75%) no withdrawal per month, drops down to 1.00% when you take out.
Anybody as any opinions on this account.
This is a new one on me, so don't know if it been around  awhile.

WillPS

Not sure what you're asking, but it's clearly rubbish and not worth bothering with.

The only account in their lineup worth looking at is the 'Rainy Day' one which needs either Blue Rewards (faff) or Premier (eligibility criteria), and even then it's still pretty easy to beat.

ColdIron

It's an extremely unattractive rate, I can't think of (m)any reasons to open it

Have a look here for good rates, the Barclays one second to the bottom after 16 pages

https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

[Deleted User]

[Deleted User] said:

Hello, 
I've just come across  the "Reward saver"  from barclays the rate isn't great (2.75%) no withdrawal per month, drops down to 1.00% when you take out.
Anybody as any opinions on this account.
This is a new one on me, so don't know if it been around  awhile.

.just wanted to know if it was worth having it. But looks like maybe not.
Thank you for both reply.

refluxer

[Deleted User] said:

Hello, 
I've just come across  the "Reward saver"  from barclays the rate isn't great (2.75%) no withdrawal per month, drops down to 1.00% when you take out.
Anybody as any opinions on this account.
This is a new one on me, so don't know if it been around  awhile.

Getting the best interest rates for your savings will involve moving away from the high-street banks and big names that you're familiar with. As you can see from the Moneyfacts link above, the best easy accounts are currently paying between 4.9% - 5% but there are various limitations and restrictions with many of them (you either need a current account, a huge minimum balance, have to go through Raisin or limit your withdrawals etc) so if you want to avoid those kinds of limitations, I would recommend Oxbury (4.94%) and (if you're happy with app-only banking) Tandem (4.90%).

The only limitations I'm aware of for each are a £1000 minimum balance with Oxbury (plus it's not app-only but you'll need a smartphone to log into online banking) and the 0.35% bonus (included in the 4.90%) for Tandem only being applied for a year.

[Deleted User]

refluxer said:

[Deleted User] said:

Hello, 
I've just come across  the "Reward saver"  from barclays the rate isn't great (2.75%) no withdrawal per month, drops down to 1.00% when you take out.
Anybody as any opinions on this account.
This is a new one on me, so don't know if it been around  awhile.

Getting the best interest rates for your savings will involve moving away from the high-street banks and big names that you're familiar with. As you can see from the Moneyfacts link above, the best easy accounts are currently paying between 4.9% - 5% but there are various limitations and restrictions with many of them (you either need a current account, a huge minimum balance, have to go through Raisin or limit your withdrawals etc) so if you want to avoid those kinds of limitations, I would recommend Oxbury (4.94%) and (if you're happy with app-only banking) Tandem (4.90%).

The only limitations I'm aware of for each are a £1000 minimum balance with Oxbury (plus it's not app-only but you'll need a smartphone to log into online banking) and the 0.35% bonus (included in the 4.90%) for Tandem only being applied for a year.

OK, thank you.
I'll take a look at Oxbury.

Bridlington1

How much are you looking to save? On the link that @ColdIron provided if you change the ``Investment Amount" you can get accounts that allow lower minimum balances appearing.

The Cahoot Sunny Day Saver is open to all and pays 5.2% on balances of £3k or less, other than that there's no deposit/withdrawal restrictions on the account.

I'd recommend spreading your money between more than one account though if you haven't already since regardless of the rate it's useful to have a back up option in case of technical issues, blocked payments etc.

jameseonline

Dude I'd hang out in the easy access thread, plenty of worthwhile accounts being talked about there.

Barclays only do 1 potentially decent saver called Rainy but it does involve you having the blue rewards which requires 2 direct debits, £800 pay in a month + £5 fee, you get £5 in rewards a month back for the direct debits though.

35har1old

jameseonline said:

Dude I'd hang out in the easy access thread, plenty of worthwhile accounts being talked about there.

Barclays only do 1 potentially decent saver called Rainy but it does involve you having the blue rewards which requires 2 direct debits, £800 pay in a month + £5 fee, you get £5 in rewards a month back for the direct debits though.

Chase at the minute has boosted there rate to 5.1% but will track BOE base rate

wiseonesomeofthetime

35har1old said:

jameseonline said:

Dude I'd hang out in the easy access thread, plenty of worthwhile accounts being talked about there.

Barclays only do 1 potentially decent saver called Rainy but it does involve you having the blue rewards which requires 2 direct debits, £800 pay in a month + £5 fee, you get £5 in rewards a month back for the direct debits though.

Chase at the minute has boosted there rate to 5.1% but will track BOE base rate

That one is invite only