Everyday Saver accounts can no longer be opened for trustees of complex or discretionary trusts.
SAVINGS
Everyday Saver
For money you’ll spend shortly
Save for your short-term goals with this everyday savings account.
Interest rates
For example, if you had a balance of £10,100 in in an Everyday Saver, you’d earn the higher interest rate on the first £10,000 of your balance and the lower interest rate on the additional £100.
Is the Everyday Saver right for you?
Save for the short term
You can use this account for money you plan to spend in short term.
Withdraw any time
You’ll have instant access to your whole balance and can take money out at any time.
Everyday Saver FAQs
You can open and manage your account in the Barclays app(2) or Online Banking(3). Alternatively, you can do this in a branch or over the phone. See how to apply.
Yes, you can have more than one Everyday Saver account, held in sole or joint names, at any time.
This account is suitable for money you’ll spend in the short term and need access to. You’ll earn a higher interest rate on up to £10,000, and a lower interest rate on over £10,000.
If you want to save more than £10,000 and earn more interest, you could consider our other savings accounts. You can also split your savings across a combination of accounts, which could include multiple Everyday Saver accounts, so you can benefit from different interest rates and withdrawal options.
If you’re a Barclays Blue Rewards member or Premier Banking customer, you can open our easy-access Rainy Day Saver and Blue Rewards Saver accounts. They both offer higher interest rates than the Everyday Saver while allowing instant access to your whole balance. With a Blue Rewards Saver, you'll earn a higher interest rate in the months you don't make withdrawals.
If you’re not a Barclays Blue Rewards member or Premier Banking customer, you could consider our Instant Cash ISA or Reward Saver account which also allow instant access. Both accounts have higher interest rates than the Everyday Saver. With the Reward Saver, you'll earn a higher interest rate in the months you don't make withdrawals.
We have savings accounts with limited access too, so you can leave your money to grow. Have a look at our flexible cash ISAs or bonds.
For long-term plans, explore your investment options with us. Investments may offer higher returns than cash savings in the long term.
For savings accounts, the interest rate tells you how much interest we’ll pay you for saving with us – it’s shown as a percentage of your account balance. The higher the interest rate, the more interest you’ll earn by leaving money in the account.
Yes, you can set up a savings goal in our app and track your progress.
Your Personal Savings Allowance (PSA) is the total amount of interest you can earn each tax year, across all your accounts (except ISAs) with any bank or building society, without paying tax. The tax year runs from 6 April to 5 April.
For basic-rate taxpayers, the PSA is £1,000 and for higher-rate taxpayers, it’s £500. Additional rate taxpayers don’t have a PSA.
You’ll need to start paying tax on any interest you earn above your PSA. Go to HMRC's site to find out how to do this.
Summary box
Account name
Everyday Saver
What is the interest rate?
Rates are effective from 2 December 2024 to 12 February 2025
Balance |
Gross rate per year % |
AER % |
|---|---|---|
|
£1 – £10,000 |
1.50 |
1.51 |
|
£10,000+ |
1.15 |
1.16 |
Rates are effective from 13 February 2025
Balance |
Gross rate per year % |
AER % |
|---|---|---|
|
£1+ |
1.25 |
1.26 |
Interest is calculated daily using your statement balance and paid monthly on the first working day of the month.
Interest rates are banded until 12th February 2025 – this means you’ll earn the higher interest rate on the first £10,000 of your balance, and the lower interest rate on amounts over £10,000.
For example, if you had a balance of £10,100 in an Everyday Saver, you’d earn the higher interest rate on the first £10,000 and the lower interest rate on the additional £100.
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 read your Customer Agreement, including the additional terms. You can read it online at barclays.co.uk/rca
What would the estimated balance be after 12 months based on a £1,000 deposit and a deposit for each band of interest?
Rates are effective from 2 December 2024 to 12 February 2025
Deposit amount |
Estimated value after a year |
|---|---|
|
£1,000 |
£1,015.11 |
|
£10,000 |
£10,150.79 |
Rates are effective from 13 February 2025
Deposit amount |
Estimated value after a year |
|---|---|
|
£1,000 |
£1,012.57 |
|
£10,000 |
£10,125.73 |
The estimated value is based on no change to the interest rate over 12 months and no withdrawals being made.
How do I open and manage my account?
Open and manage your account – in our app, in Online Banking, in a branch or over the phone
Eligibility criteria – you must be 16 years old or over and a UK resident
Minimum balance – £1
Maximum balance – £10 million
See how to apply.
Can I withdraw money?
Yes, you'll have instant access to your money so you can make withdrawals.
Additional information
- You can offset your Everyday Saver account in a Barclays offset mortgage. If you do, you won’t earn any interest on your Everyday Saver account
- You can have more than one Everyday saver account, held in sole or joint names, at any given time
- There's an optional ATM card to withdraw up to £300 per day from our cash machines in the UK.
How to apply
If you already bank with us, you can open an account in the Barclays app or Online Banking. If you don't use Online Banking yet, you can register here.
If you don’t bank with us
You can book an appointment to open an account in one of our branches. You’ll need proof of your identity and address.
Saving and investing
Both saving and investing can help you plan for the future. Our guide can help you find what suits you.
Other ways to save and invest
Important information
‘AER’ (Annual Equivalent Rate) shows what the interest rate would be if interest was paid and compounded once each year. ‘Tax-free’ means interest is exempt from UK income tax provided all ISA conditions are met. The level and basis of tax can change, and the value of tax relief depends on your personal circumstances.(Return to reference)
You need to be 18 or over to access this product or service using the app. Terms and conditions apply.(Return to reference)
Online Banking and the Barclays app are only available if you’re registered to use these services.(Return to reference)