Easy access
Barclays savings rates
Barclays Bank offers a broad range of savings accounts with interest rates up to 5.12%.
One of the big four banks, Barclays is a trusted place to put your savings with a host of accounts to choose from. It's known for offering decent interest rates, but these are sometimes reserved for existing customers only. Barclays Bank's top savings rate of 5.12% is available on one of its easy access accounts.
Easy access savings accounts
Table: sorted by interest rate
Barclays Bank's best easy access rate of 5.12% is lower than today's market-best rate of 7.29%.
1 - 5 of 7
Cash ISAs
Table: sorted by interest rate
Barclays Bank's best cash ISA rate of 3.95% is lower than today's market-best rate of 5.17%.
1 - 5 of 9
Fixed-rate bonds
Table: sorted by interest rate
Barclays Bank's best fixed-rate bond rate of 3.9% is lower than today's market-best rate of 4.96%.
1 - 5 of 6
Business savings accounts
Table: sorted by interest rate
Barclays Bank's best business savings account rate of 1.51% is significantly lower than today's market-best rate of 5.01%.
1 - 1 of 1
What is Barclays's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Barclays offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, business |
|---|---|
| Best easy access rate | 5.12% |
| Best cash ISA rate | 3.95% |
| Best fixed-rate bond rate | 3.9% |
| Best business savings account rate | 1.51% |
| Fixed bond terms | 1 year - 1 year 6 months |
| Opening options | Branch, website, mobile app, telephone |
| FSCS protection |
Other popular accounts
Barclays has all bases covered. Didn’t find the account type you were looking for? Check our other guides:
How do I decide which account is for me?
You need to work out what it is you need from your bank account. Are you looking to put a bit of money away each month? Do you want to put some money away and restrict access to it? Are you after rewards or hoping to maximise interest?
You need to work out what you need before comparing the different offers available for certain types of bank account. Once you’ve done that, useful guidelines to compare include:
- Interest rates. Obviously we all want the highest rates possible on our savings. You can also weigh up wether to go for a fixed- or variable-rate product.
- Access to cash. If your circumstances are likely to change, you might want to retain easy access to your savings. If things are pretty stable, you could lock some away for a set period in return for a better rate.
- Eligibility. Some Braclays savings accounts require that you’re already a banking customer.
What is Barclays Blue Rewards?
The Barclays Blue Rewards scheme is a paid-for-add-on which can give you access to members-only savings accounts. These accounts include the Blue Rewards Saver and Rainy Day Saver, which pay higher rates of interest compared to other Barclays’ savings accounts.
To benefit from the rewards, you’ll need to have a Barclays current account and agree to pay the membership fee of £5 a month. You’ll also need to pay at least £800 into your current account each month and register for the Barclays app or online banking.
Learn more about Barclays Blue Rewards and what other benefits it can offer in our guide.
Barclays savings account for over 50s
Barclays doesn’t offer savings accounts specifically for over 50s. However, over 50s are eligible to apply for all its savings products.
For those with a lump sum, looking to supplement pension income, a fixed-rate bond paying monthly interest away to a nominated account may appeal. The downsides of this are that your lump sum is effectively locked away for a set period, and by syphoning away the interest, it won’t benefit from compounding.
Does Barclays offer online or mobile banking?
Yep, it offers both. Here are some of the basic features:
Online banking
- Check balances. For any type of account.
- Transfer money between accounts. In a matter of seconds.
- Pay bills and people. All within the online portal.
Mobile banking
- All of those features. On the go.
- Send money to others using just a phone number. Formerly the ridiculously-named “Pingit”, “PayM” allows Barclays customers to transfer to friends without faff.
Barclays customer reviews
In our independent 2024 customer satisfaction survey, [percentage] of Barclays’ users said they’d recommend the brand to a friend. Customers highlighted the bank’s reliable brand and good customer service. However, some cited that the bank could offer more incentives. Here’s what one of those Barclays’ customers had to say:
“Easy to use app and website. Really good customer service and quick responses using the live chat service”
The Barclays app has a rating of 4.8 out of 5 from over 1.6 million reviews on the App Store. On Google Play, the app has a score of 4.3 from over 500,000 Android app users (February 2024).
Barclays is well known and often people choose it because of this. It offers a range of savings accounts and extras such as Barclays Blue Rewards for £5 a month – which if you’re using the discounts offered could be beneficial. However, if it’s interest you’re after, there are better accounts on the market. Following the Bank of England raising the base rate, many providers are now offering higher rates than those from Barclays.”
What are the benefits and drawbacks of banking with Barclays?
Barclays is a British multinational banking and financial services company headquartered in London.
The benefits
- Online and mobile banking. The Barclays app makes it simple to keep an eye on your finances.
- Flexibility. Barclays does offer a wide range of accounts for any sort of financial need.
The drawbacks
- Better rates elsewhere? Rates are pretty poor right now across the board, but you might be able to squeeze a slightly better rate from other providers. (Depending on your needs!)
Customer service information for Barclays
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Bottom line
From cash ISAs to children’s savings, Barclays certainly has the range. But it’s a shame that some accounts are for existing customers only.
However, as with any financial decision, do your research beforehand to check you’ll be getting the best rates and flexibility that you’re looking for.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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How long does it take for Barclays to close an account?
Hello Paula,
Thank you for your comment.
According to the Barclays Account closure instructions and form, closing an account can take up to 5 working days.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
I am an international student from Ghana currently on De Montfort University, Leicester to pursue my postgraduate studies. I would like to open a student account with you. Can I walk in anytime to do that or need to book an appointment with you first? Thank you.
Hello,
Thank you for your comment.
To apply for an international student bank account with Barclays, you need to apply online. Once you’ve completed the online application, you’ll need to visit a branch with proof of your student status, address and identity.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
what is the best account for an investment of £30,000 with instant access?
Hi Peter,
Thanks for getting in touch with finder. I hope all is well with you. :)
The best account for you will depend on your current and future needs and preference. You may want to give Barclays savings account a try. This account comes with online banking and an app. The main drawback is its interest rate, which isn’t not that competitive.
If you want to explore other options, you may visit this page. On that page, you will see a table that allows you to conveniently search and compare savings accounts. Once you find the right one for you, click on the “Go to site” green button to learn more or initiate your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Can you set up a direct debit from a savings account
Hi Kath,
Thanks for your inquiry
I’m afraid this is not possible. Setting up direct debits or standing orders is a breach of savings account Terms and therefore all regular payments need to be on a current account to enable continued payment.
Hope this information helps
Cheers,
Arnold