Which Barclays savings account suits you depends mainly on whether you have Blue Rewards or Premier Banking, and whether you want instant access or can lock money away. As of 28 September 2026, the Rainy Day Saver (Blue Rewards and Premier only) paid 3.96% AER variable on the first £5,000, the Everyday Saver, open to anyone, paid 1.00% AER variable, and Barclays’ fixed cash ISAs and bonds paid 4.25% to 4.55% AER fixed. Savings rates change often, so confirm the current rate with Barclays before you open anything.
This page is part of our guide to Barclays. The rates on this page are from Barclays’ savings comparison and rate pages, read on 28 September 2026.
Barclays savings rates as of 28 September 2026
| Account | Rate (AER) | Who can open it | Access |
|---|---|---|---|
| Rainy Day Saver | 3.96% variable on the first £5,000; 0.70% on the balance over £5,000 | Blue Rewards members and Premier customers | Unlimited withdrawals |
| Blue Rewards Saver | 2.51% variable in months with no withdrawals; 0.60% in months with withdrawals | Blue Rewards members and Premier customers | Unlimited withdrawals |
| Reward Saver | 1.85% variable in months with no withdrawals; 0.60% in months with withdrawals | Anyone eligible | Unlimited withdrawals |
| Everyday Saver | 1.00% variable on the whole balance | Anyone eligible | Unlimited withdrawals |
| Instant Cash ISA | 1.00% tax-free, variable | Anyone eligible | Unlimited withdrawals |
| Reward ISA | 2.75% tax-free, variable, in months with no withdrawals; 0.85% in months with withdrawals | Anyone eligible | Unlimited withdrawals |
| Single Access 1-Year Flexible Cash ISA | 4.40% tax-free, fixed for 1 year | Anyone eligible (Barclays’ ISA page lists it for non-Premier customers) | One withdrawal, up to 10% of the balance |
| Single Access 2-Year Flexible Cash ISA | 4.40% tax-free, fixed for 2 years | Anyone eligible (Barclays’ ISA page lists it for non-Premier customers) | One withdrawal, up to 10% of the balance |
| Premier Triple Access 1, 2 and 3-Year Flexible Cash ISAs | 4.55% tax-free, fixed for the term | Premier customers | Limited withdrawals |
| 1-Year Fixed-Rate Bond | 4.25% fixed for 1 year | Anyone eligible, £500 minimum (Barclays’ bonds page lists it for non-Premier customers) | No withdrawals or top-ups |
| Single Access 2-Year Flexible Bond | 4.40% fixed for 2 years | Anyone eligible (Barclays’ bonds page lists it for non-Premier customers) | One withdrawal, up to 10% of the initial deposit |
| Premier Triple Access 1, 2 and 3-Year Flexible Bonds | 4.55% fixed for the term | Premier customers | Limited withdrawals |
Barclays also has a children’s savings account (2.27% AER variable on balances up to £10,000 on 28 September 2026), which isn’t covered here. Its savings page listed no regular saver on 28 September 2026.
How to choose between them
- You have Blue Rewards or Premier and want an easy access pot: the Rainy Day Saver for the first £5,000, since anything over £5,000 earns 0.70%. For money beyond that, the Blue Rewards Saver pays its higher rate in any month you leave it alone.
- You don’t have Blue Rewards: the Reward Saver if you can go whole months without taking money out, or the Everyday Saver if you dip in often. A single withdrawal drops the Reward Saver to 0.60% for that month, while the Everyday Saver pays 1.00% regardless.
- Tax-free and instant: the Instant Cash ISA, or the Reward ISA if you rarely withdraw. Barclays says money you take out of either can be put back in the same tax year without using up more of your ISA allowance.
- A lump sum you won’t need for a year or two: a fixed ISA or bond. The Single Access versions let you take out up to 10% once; the 1-Year Fixed-Rate Bond doesn’t allow any withdrawals.
Blue Rewards costs £5 a month and needs at least £800 paid in each month, so whether it pays for itself through savings interest depends on how much you keep there; the worked example further down shows the sums. What else Blue Rewards and Premier include is covered in our Barclays overview.
The Rainy Day Saver and Blue Rewards Saver
Both are for Blue Rewards members and Premier Banking customers, with variable rates and unlimited withdrawals. Barclays calculates interest daily on your balance and pays it on the first working day of each month.
- Rainy Day Saver: the rate is banded. On 28 September 2026 you earned 3.96% AER (3.89% gross) on the first £5,000 and 0.70% AER on the rest.
- Blue Rewards Saver: 2.51% AER (2.48% gross) on the whole balance in any month with no withdrawals since the last interest payment, and 0.60% in a month when you take money out.
If you leave Blue Rewards, Barclays changes a Rainy Day Saver into an instant access account available at the time and a Blue Rewards Saver into a Reward Saver, and tells you the new terms first.
Worked example. You have £8,000 to keep in easy access, and no withdrawals all year. Using the gross rates on 28 September 2026 and ignoring compounding:
| Where the £8,000 goes | Interest for a year |
|---|---|
| All in the Everyday Saver at 1.00% | £80.00 |
| All in the Reward Saver at 1.83% (no withdrawals) | £146.40 |
| All in the Rainy Day Saver (£5,000 at 3.89%, £3,000 at 0.70%) | £215.50 |
| £5,000 in the Rainy Day Saver, £3,000 in the Blue Rewards Saver at 2.48% | £268.90 |
The last option earns £188.90 more than the Everyday Saver and £122.50 more than the Reward Saver, which is the fairer comparison if you never withdraw. Blue Rewards costs £60 a year, so if you joined only for the savings rates you’d be £62.50 a year ahead of the Reward Saver (£128.90 ahead of the Everyday Saver), before any tax on the interest. If you took money out of the Blue Rewards Saver every month, the £3,000 would earn 0.60%, or £18.00 for the year. Rates are variable, so rework the sums with the current ones.
Fixed rate cash ISAs and bonds
| Single Access Flexible Cash ISA (1 or 2 years) | 1-Year Fixed-Rate Bond | Single Access 2-Year Flexible Bond | |
|---|---|---|---|
| Rate on 28 September 2026 | 4.40% AER tax-free, fixed | 4.25% AER, fixed | 4.40% AER, fixed |
| Minimum and maximum | £1 to £1 million (£0 if you’re transferring an ISA in) | £500 to £1 million | £1 to £1 million |
| Top-ups | Yes, up to your ISA allowance | No | No |
| Withdrawals | One, up to 10% of the balance | None | One, up to 10% of the initial deposit |
| Closing early | 90 days’ interest (1-year) or 180 days’ (2-year) | Not allowed | Only in exceptional circumstances |
| Interest | Monthly or at the end of the term | Monthly or at the end of the term | Monthly or at the end of the term |
Worked example. £10,000 in the 1-Year Fixed-Rate Bond at 4.25% earns £425 over the year, matching Barclays’ own example of £1,000 growing to £1,042.50. The same £10,000 in the Single Access 1-Year Flexible Cash ISA at 4.40% earns £440, tax-free. If you had to close the ISA early, the charge of 90 days’ interest on £10,000 would be about £108.
At the end of the term, a Single Access Flexible Cash ISA converts to an instant access variable rate cash ISA, and Barclays contacts you before a bond ends to explain your options. If you choose monthly interest on a fixed ISA, Barclays pays it into another account, not back into the ISA.
Tax on Barclays savings interest
Interest in a cash ISA is tax-free. In the 2026/27 tax year you can put up to £20,000 into ISAs in total, across all providers. Interest on Barclays’ other savings accounts and bonds is paid gross and may be taxable if it goes over your Personal Savings Allowance; our guide to the Personal Savings Allowance explains how much you can earn tax-free. With end-of-term interest on a bond, all the interest is paid in one tax year, which can push you over your allowance that year.
As of 28 September 2026, Barclays was offering a cash reward (£50 to £600, depending on the amount and your current account) for transferring an ISA balance into a fixed Single Access or Premier Triple Access cash ISA by 25 November; confirm the current offer and its terms with Barclays. Our ISA transfer rules guide explains how to move an ISA without losing its tax-free status.
FSCS protection: Barclays and Tesco Bank
Barclays savings are held with Barclays Bank UK PLC, where the FSCS covers eligible deposits up to £120,000 per person. Barclays says Tesco Bank deposits count towards that same limit, together with your Barclays, Premier and Wealth money, rather than getting a limit of their own.
Worked example. Say you keep £100,000 across Barclays savings accounts and a fixed bond, plus £30,000 in a Tesco Bank saver. Together that’s £130,000, so £10,000 is beyond FSCS cover. Moving that amount to a separately authorised bank would bring everything within the limit. Our guide to what happens if your bank goes bust explains how compensation is paid, and our Barclays overview lists every brand that shares the limit.