Barclays Rewards Saver
Reward Saver
Earn More Interest in Months Without Withdrawals
Provided by Barclays Bank UK PLC
- 2.75% AER/2.72% gross p.a. in months without withdrawals
- 1.00% AER/gross p.a. in months with one or more withdrawals
- Open from £1 – set up a standing order for regular savings
- Instant access through the Barclays app, Online Banking, in a branch, or over the phone
Note: If you’re a Barclays Blue Rewards member or Premier Banking customer, consider our Blue Rewards Saver account, which offers a higher interest rate.
Please read the terms and conditions, important information, and cooling-off details before applying.
Summary Box
Account Name: Reward Saver
Interest Rate:
| Balance | Gross per year % | AER % |
|---|---|---|
| £1+ (no withdrawals) | 2.72% | 2.75% |
| £1+ (with withdrawals) | 1.00% | 1.00% |
Interest is calculated daily using your statement balance and is paid on the first working day of each month. The interest rate you receive 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 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 see your Customer Agreement including the Additional Terms, which you can get from your usual contact or read online at barclays.co.uk/rca.
Estimated Balance After 12 Months
| Deposit Amount | Estimated Value After a Year (No Withdrawals) | Estimated Value After a Year (Monthly Withdrawals) |
|---|---|---|
| £1,000 | £1,027.55 | £889.38 |
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 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 Reward Saver rate. If you expect to make regular withdrawals, this account may not be suitable for you.
Additional Information
- You can offset your Reward Saver account against a Barclays Offset Mortgage, but you won’t earn interest on your savings in this arrangement.
- You can hold multiple Reward Saver accounts in sole or joint names.
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).
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.