This comparison simply includes all savings accounts.
Barclays Savings Accounts
Why we like it: MARKET LEADING. 1.25% AER Gross (variable). Open with £1. A simple instant access savings account. Manage your account online, by telephone banking or via our mobile app. You'll need to be 18 or over and a UK resident
Why we like it: No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.
Why we like it: Open with £1. Unlimited deposits and withdrawals. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.
Why we like it: INNOVATIVE NEW BANKING SERVICE powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.50% AER on ALL instant access credit balances and 0.25% AER on current account balances up to £2,000. Fee free
Why we like it: 6 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: 9 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: 18 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
Compare Barclays savings accounts
As one of the UK’s best known high street banks, Barclays offers a range of different products aimed at savers. Which account will be the best fit for you depends on your personal financial circumstances and savings aspirations. Before you make a decision, you need to make sure you are clear on all the different types of savings accounts Barclays offers and their relative merits.
Current Accounts
For small sums of money, current account usually offer the most attractive interest rates, but these only apply up to a certain deposit threshold. Right now, TSB are offering 5% AER on their TSB current account for balances up to £2,000, while Santander pay 1.5% AER up to a limit of £20,000.
If your savings are more that the interest-paying limit on your current account, you will probably benefit from moving the balance of your savings into a different kind of account.
Instant Access Savings Accounts
One of the simplest types of savings products, instant access accounts let you get at your money whenever you need it. You may be given a card to make withdrawals from cash machines or else need to make withdrawals and transfers in a branch, online or over the phone.
There tends to be a limit on the number of times you can take money out each year and if you exceed this limit you will usually have to give up some of your interest.
Regular Savings Accounts
If you want to put a little bit aside each month, a regular savings account can be ideal. They usually give decent interest rates, but it can take a while to see the benefit of this as it often takes a long time to build up a good amount of capital. There may also be a limit to how many withdrawals you can make each year. This means they are generally a better choice for long term saving.
Fixed Rate Bonds
Offering a guaranteed high rate of interest in exchange for locking up your money for a set period, a fixed rate bond can be ideal for depositing larger sums. They usually last for 1-5 years and the longer the bond term, the higher the interest rate you are likely to get.
You usually won’t be able to take any money out early if you need it, or if you can this will incur a financial penalty. This means you should be very sure of not needing your savings for the length of the bond before investing.
Cash ISAs
Cash ISAs key selling point is that they allow you to avoid paying tax on the interest you earn on your deposits. The government set a yearly maximum amount that you can place into an ISA, which for the 2016/17 tax year is £20,000.
The main types of cash ISAs are instant access and fixed term. Instant access allows you to pay in and take out funds whenever you like with a variable interest rate, whereas fixed-term give you a guaranteed rate of interest, but you can’t access your money until the ISA runs its course.
Fixed-term ISAs usually offer better rates than instant access ISAs and with both you need to take into account your likely tax savings when comparing this against the interest offered on other types of accounts.
Find the best Barclays savings account for you
With so many different types of savings accounts to pick from, making the right decision can seem impossible. Our savings account comparison table (found at the top of this page) allows you to easily contrast the best deals from a range of providers to find the best fit for you. We update these offers all the time to show the best the market has to offer, so make sure to check back regularly.
