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Barclays Rainy Day Saver no interest credited

Hi,

I've got the Rainy Day Saver open and since October last year the balance is £1 to satisfy the minimum balance requirement. 

Barclays states they pay interest on the first working day of the month. However, even with just 
£1 in there I should  have been credited with 2 pennies between October and March but nothing. 

1st of April being the first working day of the month I was planning on parking 5k there for the 4.76%/4.87% AER until the rates drop on 6th May before I assess where else it will go.

Is there a reason for concern that something isn't working properly (wouldn't be surprised) with their systems? 

I prefer not to contact them as they offered me Premier services without me fulfilling the criteria and I am prepared for them to realise at some point but I happily take the free AppleTV for now. Raising a ticket may spark reason for investigations. 

Comments

  • Hoenir
    Hoenir Posts: 7,133 Forumite
    1,000 Posts First Anniversary Name Dropper
    Read the terms and conditions of your account. Where interest of less than a 1p is earnt in a month then the system is unlikely to credit it.  Certainly not programmed to wait until a 1p is earnt over an extended period of time. 
  • pecunianonolet
    pecunianonolet Posts: 1,750 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Hoenir said:
    Read the terms and conditions of your account. Where interest of less than a 1p is earnt in a month then the system is unlikely to credit it.  Certainly not programmed to wait until a 1p is earnt over an extended period of time. 
    Ohh great idea, not that I would have not thought about that before I posted....

    https://www.barclays.co.uk/content/dam/documents/personal/savings/RainyDay_Saver_Terms.pdf


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