-

Blue Rewards Saver rates

Interest rates for our Blue Rewards Saver account

Here you’ll find account information, plus current interest rates for our Blue Rewards Saver account, which is only available to Barclays Blue Rewards members.

Current interest rates

The following higher interest rate is paid when no withdrawals have been made out of the Blue Rewards Saver since the account was opened, in the case of the first month, or since interest was last paid into the account.

Rates effective from

Balance

Gross rate per year %

AER %

26 September 2019 - present

£1+

0.50

0.50

The following lower interest rate is paid when one or more withdrawals have been made out of the Blue Rewards Saver since the account was opened, in the case of the first month, or since interest was last paid into the account.

Balance

Gross rate per year %

AER %

£1+

0.10

0.10

Further information

Mortgage offset

Yes. Remember, if you offset your savings account against your mortgage, you won’t earn any interest on your savings account.

Interest rate

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

Gross

The rate of interest payable without tax taken off.

Tax

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.

 

For further information and guidance, please refer to HMRC’s website

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

AER

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