Barclays 7.75% new regular saver

ric2003

Barclays have launched their new 7.75% regular saver:

See details on Barclays website

Existing customers can apply online, new customers have to go to a branch.

bristolleedsfan

ric2003 wrote: »

Barclays have launched their new 7.75% regular saver:

See details on Barclays website

Existing customers can apply online, new customers have to go to a branch.

http://forums.moneysavingexpert.com/showthread.html?t=939789

exel1966

Not a good start so far -

"We are having difficulty processing your form, please try again later....."

EDIT : Have now tried using 2 different laptops/browsers and get the same, obviously the site is having problems.

Rob_07

exel1966 wrote: »

Not a good start so far -

"We are having difficulty processing your form, please try again later....."

I'm getting the exact same message and i have tried to start the application again and it just shows the same screen even after clearing my cookies!

Milarky

Terms and Conditions

3. The term of the account is 12 months from the date the account is opened.

4. The account may be opened with a nil balance but an initial deposit of between £20 and £250 inclusive must be made to the account within one calendar month of account opening.

5. Monthly deposits of between £20 and £250 inclusive can be made to the account each month thereafter. Such deposits can only be made by way of standing order. A maximum of 12 deposits can be made to the account during the term..

So you could make the first deposit close to the end of a month - and then have 11 standing order payments for the '1st' thereafter. But the 'term' starts as soon as you apply - so it is best to apply near the end of the month and make an immediate opening payment.

Yes. That should work, because there is no requirement to make a deposit to earn the higher rate for that month (simply not make any withdrawal.) So in theory you would open an account on 30 June, fund instantly, with a SO for the next day and make a last (permitted) deposit on 1 May next year - and none at all in June 2009.

The difference this can make is quite significant - compared to £126 gross just making all payments on the same day (as the day of opening) it would be a maximum of £143 [a seventh more]. But of course it won't be a seventh more as such - because it is a trick simply to keep the money in there for extra time. That's extra time it can't be a feeder account. So the benefit is about one seventh of the differential rate - which let's say is 1.5%

[1.5%/7.75%] x £126/7 = c.£3.50.....

LongTermLurker

bristolleedsfan wrote: »

http://forums.moneysavingexpert.com/showthread.html?t=939789

We're in danger of running 2 parallel threads - please use the above link