Barclays’ gold standard - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Barclays’ gold standard

Barclays’ gold standard

Category: Savings

Updated: 10/03/2009
First Published: 09/03/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Barclays Bank has launched its Golden ISA product which offers a market leading rate of 3.55% monthly.

The account is an instant cash ISA requiring a minimum investment of just £1 and includes a 1.00% bonus that lasts for 12 months. Transfers out incur no penalty although consumers should be aware that transfers in are not permitted.

In time honoured fashion, Barclays is looking to entice the last of this year's ISA investors, as well as those who are weighing up their 2009/10 ISA investment. The low minimum payment and access to funds could be hard to resist to those with new ISA money to invest.

Clients will be sure to review the position once the 1.00% bonus expires in a year but in its current form the product is well worthy of four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.