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Monthly Savings

This account is no longer available to new customers.

Current interests rates

The following higher rate is paid where no withdrawals have been made out of the account since interest was last paid into the account.



Balance

Gross rate pa%

Net rate pa%

AER%

£1+

3.20

2.56

3.25

Balance

£1+

Gross rate pa%

3.20

Net rate pa%

2.56

AER%

3.25

The following lower rate is paid where one or more withdrawals have been made out of the account since interest was last paid into the account.



Balance

Gross rate pa%

Net rate pa%

AER%

£1+

2.99

2.39

3.03

Balance

£1+

Gross rate pa%

2.99

Net rate pa%

2.39

AER%

3.03

For information on previous rates on this account, please see the Previous interest rates tab

Monthly deposits of at least £20 but no more than £250 up to maximum deposit of £3,000 over the 12 month term. If the total deposited into your account exceeds £3,000 no interest will be paid on the excess amount deposited. One account per person.

At the end of the 12 month term, Monthly Savings accounts convert to the Barclays instant access savings account available at the time. We will confirm these details to you at the time your Monthly Savings account converts. Monthly Savings accounts currently reaching their 12 month term are converting to Barclays Everyday Saver account.

Previous interest rates

This previous interest rates tab sets out all rates that have applied to Monthly Savings in the past 5 years. To find out how much interest you are currently earning on your money, please click on the 'Current interest rates' tab.

The following higher rates were paid where no withdrawals were made out of the account since interest was last paid into the account. The following lower rates were paid where one or more withdrawals were made out of the account since interest was last paid into the account.



Rates effective from

Rates

Balance

Gross rate pa%

Net rate pa%

AER%

8 March 2010 - present

Higher rate

£1+

3.20

2.56

3.25

 

Lower rate

£1+

2.99

2.39

3.03

1 July 2009 - 7 March 2010

Higher rate

£1+

4.17

3.34

4.25

 

Lower rate

£1+

2.99

2.39

3.03

Rates effective from

8 March 2010 - present

Rates

Higher rate

Balance

£1+

Gross rate pa%

3.20

Net rate pa%

2.56

AER%

3.25

Rates effective from

 

Rates

Lower rate

Balance

£1+

Gross rate pa%

2.99

Net rate pa%

2.39

AER%

3.03

Rates effective from

1 July 2009 - 7 March 2010

Rates

Higher rate

Balance

£1+

Gross rate pa%

4.17

Net rate pa%

3.34

AER%

4.25

Rates effective from

 

Rates

Lower rate

Balance

£1+

Gross rate pa%

2.99

Net rate pa%

2.39

AER%

3.03

 
 

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is paid monthly on the first working day of the month.

Gross:

‘Gross’ is the rate payable without tax taken off. If you’re eligible to receive savings interest without tax taken off, please provide us with the HMRC form (R85). For more information and the R85 eligibility visit  HM Revenue & Customs (HMRC)

Net:

‘Net’ is the rate payable after we take off basic rate tax.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Terms and conditions 120 KB

These additional terms and conditions supplement and amend the general conditions of your Customer Agreement with us (Barclays Bank PLC). Read important information about our interest rates, the Financial Services Compensation Scheme and your cancellation rights.