Monthly Savings

This account is no longer available to new customers.

Current interest 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
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

 

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 (can  you make "Everyday Saver" a link).

 

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

 

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 of interest payable before income tax is deducted at the basic rate. Interest is payable gross to UK non-taxpayers subject to the required certification.
Net: ‘Net’ is the rate payable after we take off basic rate tax (which non-taxpayers may reclaim from HMRC).
AER: Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Terms and condtions 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.