Barclays Everyday Saver – Candy Machine
Everyday Saver – Candy Machine
An Instant-Access Savings Account for Your Convenience
Barclays offers the Everyday Saver account, designed for easy access and management. Save and access your money with flexibility, whether you prefer online, telephone, or branch services.
Provided by Barclays Bank UK PLC
- 1.66% AER/1.65% gross p.a. on balances from £1 to £10,000
- 1.16% AER/1.15% gross p.a. on balances over £10,000
- Open an account with just £1
- Optional ATM card for up to £300 daily withdrawals from Barclays cash machines, subject to available funds
- Interest paid monthly
- Can be included in an offset mortgage arrangement with a Barclays Offset Mortgage
Please read the terms and conditions, important information, and cooling-off details before applying.
Rates effective from 1 September 2023
Summary Box
Account Name: Everyday Saver
Interest Rate:
| Balance | Gross p.a. % | AER % |
|---|---|---|
| £1+ | 1.65 | 1.66 |
| £10,000+ | 1.15 | 1.16 |
Interest rates are banded. You’ll earn the higher rate on the first £10,000 of your balance and the lower rate on any additional balance over £10,000. For example, with a balance of £10,100, interest is calculated at the higher rate on the first £10,000 and at the lower rate on the additional £100.
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 |
|---|---|
| £1,000 | £1,016.62 |
| £10,000 | £10,165.87 |
These estimations assume no changes to the interest rate and no withdrawals for 12 months.
How to Open and Manage Your Account
- Eligibility: Must be 16 years or older and a UK resident.
- Opening: Online, via the Barclays app, in branch, or by phone.
- Management: Online, via the app, in branch, or by phone.
- Minimum Balance: £1
- Maximum Balance: £10 million
Withdrawals
You have instant access to your money, allowing for withdrawals as needed.
Additional Information
- You can offset your Everyday Saver account against a Barclays Offset Mortgage if permitted, but you won’t earn interest on your savings in this arrangement.
- You can hold multiple Everyday Saver accounts, either in sole or joint names.
- Optional cash machine card to withdraw money from Barclays cash machines in the UK.
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).