Barclays Rainy Day Saver
Exclusive Savings Opportunity for Barclays Blue Rewards and Premier Banking Customers
Build Your Emergency Fund with Ease
For Barclays Blue Rewards members and Premier Banking customers, Barclays offers a unique savings opportunity with the Rainy Day Saver account. Start and grow your emergency fund with instant access to your money whenever you need it.
Provided by Barclays Bank UK PLC
- 5.12% AER/5.00% gross p.a. on balances up to £5,000
- 1.16% AER/1.15% gross p.a. on balances over £5,000
- Open from just £1 – set up a standing order to save regularly
- Manage your savings easily through our app, Online Banking, by phone, or by visiting a branch
Please read the terms and conditions, important information, and cooling-off details before applying.
Summary Box
Account name: Rainy Day Saver
Interest Rate: Effective from 1 September 2023
| Balance | Gross per year % | AER % |
|---|---|---|
| £1+ | 5.00% | 5.12% |
| £5,000+ | 1.15% | 1.16% |
Interest is calculated daily using the statement balance and is paid monthly on the first working day of the month. You'll earn the higher rate on the first £5,000 of your balance and the lower rate on any additional balance over £5,000.
For example, with a balance of £5,100, interest is calculated at the higher rate on the first £5,000 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 your Customer Agreement, which includes the 'Barclays and you: Terms and conditions for Personal customers and your Additional Terms'.
For more details on interest rate changes, refer to your Customer Agreement, available online at barclays.co.uk/rca.
Estimated Balance After 12 Months
| Deposit Amount | Estimated Value After a Year |
|---|---|
| £1,000 | £1,051.16 |
| £5,000 | £5,251.34 |
This estimation assumes no changes to the interest rate and no withdrawals for 12 months.
How to Open and Manage Your Account
- Eligibility: Blue Rewards member or Premier Banking customer, aged 18 or over, and a UK resident.
- Opening: Via app, Online Banking, branch, or phone.
- Management: Via app, Online Banking, branch, or phone.
- Minimum balance: £1
- Maximum balance: £10 million
Withdrawals
You have instant access to your money, allowing for withdrawals as needed.
Additional Information
- Offset your Rainy Day Saver account against your mortgage if permitted by your mortgage terms. However, this means you won’t earn interest on your savings account.
- You can only hold one Rainy Day Saver account, in sole or joint names. At least one holder must be a Barclays 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 remain eligible for Barclays Blue Rewards, deposit at least £800 into your 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. Refer to HMRC's website for guidance.
AER (Annual Equivalent Rate): Illustrates what the interest rate would be if interest were paid and compounded annually.