Barclays Launching 7.75% One Year Fixed Rate Monthly Saver On 2nd June

bristolleedsfan

"Customers can pay in between £20 and £250 per month, up to a maximum of £3000 over the 12 month term. After a year the balance will automatically switch to a savings account with instant access paying a competitive rate of interest.

Monthly Savings customers are not required to open or maintain any additional products with Barclays, and they have flexibility to miss or change a payment. Customers have the flexibility to withdraw money, with interest rates reducing to 3.03% AER/2.99% gross p.a. in any month in which a withdrawal is made. "

http://www.moneyextra.com/news/news-barclays-unveils-039528.html

mary

About time we had a new Regular Saver on board.

Milarky

Thanks BLF. The E savings account looks good (BOE + 0.25% for 12 months) - as a home for HSBC/FD reg savings amounts - too...

LongTermLurker

Thanks - looks a worthy addition to the cash portfolio seeing as how it has flexibility built in as well

Opera14

Looks good, might be an option alongside my ISA for a year.

ric2003

how to apply though - online or in branch only?

KAB_3

Relaunched Halifax reg saver should be along soon ...... 10%

Mikeyorks

Is that genuine insight .... or a murky crystal ball

After all their 7% rate has been unchanged for 4 years. But they must be seeing a big exodus as their Websaver, as a feeder account, is now a paltry rate.

KAB_3

Mikeyorks wrote: »

Is that genuine insight .... or a murky crystal ball

100% on the cards, TV advertising campaign is being lined up. No doubt there will be plenty of restrictions in place to achieve 10%.

Milarky

KAB wrote: »

Relaunched Halifax reg saver should be along soon ...... 10%

If that's the case - should I be close my existing RS (7%) now - which rolled over on 7 May? (I can postpone my 'June' payment anyway) in order to qualify immediately?

poppy10_2

KAB wrote: »

100% on the cards, TV advertising campaign is being lined up. No doubt there will be plenty of restrictions in place to achieve 10%.

Most likely they'll make you take out one of their crummy investment products at the same time.