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Blue Rewards Saver

A higher interest rate in months where you don’t dip into your savings

To open a Blue Rewards Saver account, you must be a Barclays Blue Rewards member or Premier Banking customer.

One of the quickest ways to open this account is in the Barclays app1 or Online Banking. Simply log in or register for Online Banking.

Already have a Blue Rewards Saver? Pay into your account.

Get instant access to your money and a higher interest rate in the months where you don’t dip into your savings.

  • Only available to Barclays Blue Rewards members or Premier Banking customers.
  • 3.56% AER/3.50% gross p.a.2 in the months you don’t make any withdrawals
  • 1.16% AER/1.15% gross2 in the months where you make one or more withdrawals
  • Instant access to your money
  • Open and manage your account in our app, in Online Banking1, in a branch or over the phone
  • Open from £1 – if you want to save regularly you can set up a standing order
  • Create a savings goal in the Barclays app and track your progress

Summary box

Account name

Blue Rewards Saver

What is the interest rate?

Effective from 1 September 2023

Balance

Gross per year %

AER %

£1+

Higher interest rate is paid when no withdrawals have been made out of the account since the account was opened, in the case of the first month, or since interest was last paid into the account.

3.50

3.56

£1+

Lower interest rate is paid when one or more withdrawals have been made out of the account since the account was opened, in the case of the first month, or since interest was last paid into the account.

1.15

1.16

Interest is calculated daily using your statement balance and is paid on the first working day of each month.

The interest rate you will receive for each month depends on whether you have made any withdrawals from the Blue Rewards Saver account since the account was opened, in the case of the first month, or since interest was last paid into the account.

Can Barclays change the interest rate?

Yes, rates are variable. We can increase or decrease the interest rates for the reasons set out in our ‘Barclays and you’ booklet, which is available in branch, or you can read our Terms and conditions for Personal customers. Both also explain when we may change the interest rates, and the notice we’ll give you.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Deposit amount

Estimated value after a year

£1,000

If no withdrawals are made every month
£1,035.55

The amount above shows the balance on an initial deposit of £1,000 after 12 months where no withdrawals have been made from the account for the whole 12 months and with interest added to the account.

If a withdrawal is made every month
£890.81

The amount above shows the balance on an initial deposit of £1,000 after 12 months where a £10 withdrawal has been made on the first day of each calendar month for 12 months (£120 total withdrawn) and with interest added to the account.

The projection provided is for illustrative purposes only and it does not take into account individual circumstances.

How do I open and manage my account?

Account opening – To open a Blue Rewards Saver, you must be a Barclays Blue Rewards member or Premier Banking customer. You can open an account in our app, in Online Banking, in a branch or over the phone.

Manage account – in branch, online, mobile and by phone

Eligibility criteria – you must be a Barclays Blue Rewards member or Premier Banking customer, aged 18 or over, and a UK resident.

Minimum balance – £1

Maximum balance – £10 million

Can I withdraw money?

Yes. Where you make a withdrawal since the account was opened, in the case of the first month, or since interest was last paid into the account, interest will be payable at the lower Blue Rewards Saver rate for that particular month. If you think you will make regular monthly withdrawals, this product may not be the right savings product for you.

Additional information

  • You can offset your Blue Rewards Saver account in a Barclays offset mortgage. If you do, you won't earn any interest on your Blue Rewards Saver account
  • You can have more than one Blue Rewards Saver account at any given time held either in sole or joint names. Where a Blue Rewards Saver account is held in joint names at least one of you will be a member of Barclays Blue Rewards or Premier Banking customer
  • You won't receive a monthly cash reward to your Blue Rewards Wallet for holding a Blue Rewards Saver account. Your existing monthly Blue Rewards are not impacted and these will continue to be paid into your Blue Rewards wallet
  • If you stop being a Blue Rewards member or Premier Banking customer for any reason, we’ll convert your Blue Rewards Saver to an instant-access savings account available at the time. We’ll be in touch before we do this with your new account’s terms
  • To join and stay eligible for Barclays Blue Rewards, you’ll need to pay at least £800 into your chosen current account every month and pay the £5 monthly fee from that account. If you’d like to know more about Barclays Blue Rewards, please visit barclays.co.uk/bluerewards
  • Join Premier Banking by opening a Premier Current Account. You also need a gross annual income of at least £75,000 paid into the account, or a total balance of at least £100,000 in savings with us, in Barclays UK investments, or in a mix of savings and investments.

Terms and conditions

For additional information, download our Blue Rewards Saver terms and conditions [PDF, 189KB].

How to apply

You need to be a Barclays Blue Rewards member in order to open an account. If you are, there are different ways to apply, depending on whether or not you bank with us.

 

Already bank with us?

You must be a member of Barclays Blue Rewards to open this account.

One of the quickest ways to open this account is in our app1 or Online Banking. Alternatively, call us on 0345 744 54453 to open by phone or to book an appointment to open in a branch.

New to Barclays?

You must be a member of Barclays Blue Rewards to open this account.

Call us on 0345 744 54453 to book an appointment in a branch to join Barclays Blue Rewards and open this account. You’ll need proof of ID and address.

Register for Online Banking

Open and manage your accounts online.

More ways to save

If the Blue Rewards Saver isn’t what you’re looking for, we have other options for you to consider.

Rainy Day Saver

For Barclays Blue Rewards members only

Build an emergency fund with our best instant access rate on balances up to £5,000.

Everyday Saver

The Everyday Saver is ideal for balances that you plan to spend shortly. You can manage your budget by separating your savings from your day-to-day current account spending.

Fixed-rate savings bonds

If you’re serious about saving, grow your money with a fixed rate for a fixed term and know exactly how much interest you’ll earn.