Account name
Rainy Day Saver
Interest rates are effective from 1 September 2023.
What is the interest rate?
Balance | Gross rate p.a. % | AER % |
|---|---|---|
| £1– £5,000 | 5.00 | 5.12 |
| £5,000+ | 1.15 | 1.16 |
Interest is calculated daily using your statement balance and paid monthly on the first working day of the month.
Interest rates are banded – this means you’ll earn the higher interest rate on the first £5,000 of your balance, and the lower interest rate on amounts over £5,000.
For example, if you had a balance of £5,100 in a Rainy Day Saver, you’d earn the higher interest rate on the first£5,000 and the lower interest rate on the additional £100.
Can Barclays change the interest rate?
Yes, rates are variable.
We can increase or decrease the interest rates for any of the reasons set out in your Customer Agreement (which includes the ‘Barclays and you: Terms and conditions for Personal customers’ and your additional terms).
For more details on when we might change the interest rates and the notice we’ll give you, please read your Customer Agreement, including the additional terms. You can get this from your usual contact or read it online at barclays.co.uk/rca
What would the estimated balance be after 12 months based on a £1,000 deposit?
Deposit amount | Estimated value after 12 months |
|---|---|
| £1,000 | £1,051.16 |
| £5,000 | £5,251.34 |
The estimated value is based on no change to the interest rate over 12 months and no withdrawals being made.
How do I open and manage my account?
Open and manage your account – in our app, in Online Banking, in a branch or over the phone
Eligibility criteria –you must be a Barclays Blue Rewards member or Premier Banking customer, 18 years old or over and a UK resident
Minimum balance – £1
Maximum balance – £10 million
See how to apply.
Can I withdraw money?
Yes, you'll have instant access to your money so you can make withdrawals.
Additional information
- You can offset your Rainy Day Saver account in a Barclays offset mortgage. If you do, you won’t earn any interest on your Rainy Day Saver account
- You can only have one Rainy Day Saver account, in sole or joint names, at any given time. For joint accounts, the person applying for the account must be a Barclays Blue Rewards member or Premier Banking customer
- Ifyou stop being a Barclays Blue Rewards member or a Premier Banking customer for any reason, we’ll convert your Rainy Day Saver to an instant-access savings account available at the time. We’ll be in touch before we do this with your new account’s terms
- To join and stay eligible for Barclays Blue Rewards, you’ll need to pay at least £800 into your chosen current account every month and pay the £5 monthly fee from that account. If you’d like to know more about Barclays Blue Rewards, please visit barclays.co.uk/bluerewards
- Join Premier Banking by opening a Premier Current Account. You also need a gross annual income of at least £75,000 paid into the account, or a total balance of at least £100,000 in savings with us, in Barclays UK investments, or in a mix of savings and investments.
