Monthly Savings

Put a little bit of money aside each month and you’ll be surprised just how quickly you can reach your goals when you let your money grow.

Available to new and existing customers, Monthly Savings is a simple way to make regular savings. Just deposit between £20 and £250 a month by standing order for the 12-month term of the account and let us do the rest.

It’s also a flexible way to save as you have control over how much you save. If you need to miss a monthly payment it’s not a problem and you can amend your standing order amount at any time.

Apply - Barclays customers

If you're already a Barclays customer you can apply online now.

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Apply - new to Barclays?

If you're new to Barclays you'll need to visit your local branch to apply for Monthly Savings. Don't forget your ID.

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Useful information

Interest rates
Read the terms & conditions

Monthly Savings - what you get:

Earn a fixed interest rate of 7.75% AER (7.49% gross pa*) in months when no withdrawals are made.

No withdrawal restrictions but should you need to take some money out, a lower fixed rate of 3.03% AER (2.99% gross pa*) is paid in months when you make a withdrawal.

Interest is paid monthly†.

Make monthly deposits from £20 to £250 by standing order.

Save up to £3,000 over the 12-month term.

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.

Monthly Savings summary box

How to apply for Monthly Savings

Existing Barclays customer?	New to Barclays?
	Apply in branch

Monthly Savings
Monthly deposit	Deposit between £20 and £250 each month by standing order. No additional deposits permitted
Maximum deposit	£250 a month paid in by standing order. £3,000 maximum deposit over 12 months
Access	Access is available should you need it but you will get a lower rate of interest for months when you make a withdrawal
Interest paid (frequency)	Monthly
Account management	In branch, online or by phone**
Available to	Applicants must be 16 or over. One Monthly Savings account per person

It could be right for you if:

You want a high fixed interest rate over a short period of 12 months.
You want your interest paid monthly.
You want to deposit money by standing order.
You’ve got a specific goal to save for.

You may prefer a different account if:

You want to be able to save more than £3,000.
You want to have more than one of the same savings account.
You want regular access to your savings.

View all savings accounts

* Gross is the rate of interest payable before income tax is deducted. Interest is payable gross to non-tax payers subject to the required certification. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

** Online and telephone access is only available to Barclays current account holders who are registered for Online Banking and Telephone Banking.

† Interest is calculated on the daily balance of the account, and is paid on the 1st working day of the month. For example, if you saved £250 per month for the whole 12 month term of the account, you will get back your deposits totalling £3,000 (12 x £250), and will have received in total approximately £124 gross interest during the year (provided no withdrawals are made during the year and the first deposit of £250 is made on the day the account is opened and subsequent deposits on the same date monthly thereafter).

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