Barclays Blue Rewards Saver
Blue Rewards Saver
Exclusive Savings for Barclays Blue Rewards and Premier Banking Customers
For Barclays Blue Rewards members and Premier Banking customers, the Blue Rewards Saver account offers a higher interest rate when you let your savings grow without making withdrawals.
Provided by Barclays Bank UK PLC
- 3.56% AER/3.50% gross p.a. in months without withdrawals
- 1.16% AER/1.15% gross p.a. in months with one or more withdrawals
- Open from £1 – set up a standing order for regular savings
- Instant access to your account online, via mobile, telephone banking, or in branch
Please read the terms and conditions, important information, and cooling-off details before applying.
Summary Box
Account Name: Blue Rewards Saver
Interest Rate:
| Balance | Gross per year % | AER % |
|---|---|---|
| £1+ (no withdrawals) | 3.50% | 3.56% |
| £1+ (with withdrawals) | 1.15% | 1.16% |
Interest is calculated daily and paid on the first working day of each month. The interest rate depends on whether you have made any withdrawals from the account since it was opened or since the last interest payment.
Can Barclays Change the Interest Rate?
Yes, rates are variable. We can increase or decrease the interest rates as outlined in the 'Barclays and you' booklet, available in branch, or in our Terms and Conditions for Personal Customers. These documents also explain when we may change the interest rates and the notice we’ll give you.
Estimated Balance After 12 Months
| Deposit Amount | Estimated Value After a Year (No Withdrawals) | Estimated Value After a Year (Monthly Withdrawals) |
|---|---|---|
| £1,000 | £1,035.55 | £890.81 |
The first estimate assumes no withdrawals for 12 months and interest added to the account. The second estimate assumes a £10 withdrawal on the first day of each month for 12 months and interest added to the account.
How to Open and Manage Your Account
- Eligibility: Must be a Blue Rewards member or Premier Banking customer, aged 18 or over, and a UK resident.
- Opening: Via app, Online Banking, in branch, or by phone.
- Management: Via app, Online Banking, in branch, or by phone.
- Minimum Balance: £1
- Maximum Balance: £10 million
Withdrawals
You have instant access to your money. If you make a withdrawal, the interest rate for that month will be at the lower Blue Rewards Saver rate. If you expect to make regular withdrawals, this account may not be suitable for you.
Additional Information
- You can offset your Blue Rewards Saver account against a Barclays Offset Mortgage, but you won’t earn interest on your savings in this arrangement.
- You can hold multiple Blue Rewards Saver accounts in sole or joint names, provided at least one holder is a Blue Rewards member or Premier Banking customer.
- This account does not affect your existing Blue Rewards, which continue to be paid into your Blue Rewards wallet.
- If you cease to be a Blue Rewards member or Premier Banking customer, your account will convert to an instant-access savings account. We will notify you beforehand.
To join and stay eligible for Barclays Blue Rewards, deposit at least £800 into your chosen current account monthly and pay the £5 monthly fee from that account. Learn more at barclays.co.uk/bluerewards.
Join Premier Banking by opening a Premier Current Account, which requires an annual income of at least £75,000 or a total balance of at least £100,000 in Barclays savings or investments.
Important Information
Gross rate: The interest rate payable before tax. UK taxpayers may need to pay tax on interest exceeding their Personal Savings Allowance. For more information, refer to HMRC's website. It is your responsibility to ensure any tax due on interest payments is paid to the appropriate tax authority.
AER (Annual Equivalent Rate): Illustrates what the interest rate would be if interest were paid and compounded annually.
Your Tax Residency Information
It's a regulatory requirement for all banks to obtain tax residency information and declarations from customers. You’ll need to inform us of all countries where you're resident for tax purposes and provide your tax identification numbers (TINs).