Tomorrow will see the launch of a new savings account by Barclays as the bank tries to simplify its savings offerings.
A savings interest rate of ten per cent annual equivalent rate applies to savings balances of between £25 and £250 for a year after the savings account was opened.
Holders of the Regular Saver savings account will need to pay a minimum monthly investment of £1,000 into a Barclays current account to qualify for this savings account.
Bruce Kelsall, commercial director of Barclays Retail Banking, says the "improvement and simplification" of the savings range offered by the bank reflects its "determination" to offer "value for money products" while attracting new banking customers.
"Together with our recent launch of a best in market general insurance proposition and the zero per cent overdraft switcher offer we believe this shows we are serious about offering consumers the best products and service," he adds.
Mr Kelsall says during the course of the year Barclays will offer a range of new current accounts, savings and mortgages.
Savings account revamp at Barclays
Savings account revamp at Barclays
Wed, 15 Feb 2006
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