Barclays Bank Monthly Saver Review

The Barclays Monthly Saver Savings Account is a regular savings account which requires you too  deposit between £20 and £250 a month by standing order for the 12-month term of the savings account. In return Barclays gives you a fixed interest rate of 4.25% AER (4.17% gross p.a.*) in months when no withdrawals are made and should you need to take some money out, a lower fixed rate of 3.03% AER (2.99% gross p.a.*) is paid in months when you make a withdrawal. Interest on the Barclays Monthly Savings Account is paid monthly and if you choose to invest the maximum you can save £3,000 over the 12 month period. At the end of the 12-month term your account will automatically switch to an instant access savings account that is available at that time. To apply for the Barclays Monthly Saver online you need to be an existing barclays bank customer.

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