Latest news with #RainyDaySaver
Daily Mirror
2 days ago
- Business
- Daily Mirror
Barclays warns 'you'll need to pay this fee' to qualify for £175 payment
Only certain types of customers can get the £175 Barclays bonus Barclays is offering £175 to select customers - but you may need to pay a fee to bag the bonus cash. The extra payment is on offer to new customers only, when opening either a Barclays Bank Account or Premier Current Account. You will need to open either account in the Barclays app to qualify for the funds, as well as carrying out a full switch using the Current Account Switch Service. The Barclays Bank Account is the bank's standard current account but if you choose to open this account, you will also need to sign up for Blue Rewards to get the £175 payment. There are some fees involved in signing up for this service. The Barclays website explains: "There's a £5 monthly fee for Blue Rewards. If you're not eligible for Barclays Premier, you'll need to sign up to Blue Rewards and pay this fee to qualify for the switch offer." The monthly fee comes out of your nominated current account on the second working day of the month. This will show on your statement as 'Blue Rewards Fee'. Barclays says the first monthly fee will be taken in the month after you join Barclays Blue Rewards, on the second working day. The fee pays for your access to the account's features for the month ahead, rather than for the previous month. To get Barclays Blue Rewards, you also have to pay in at least £800 a month into the account each month. Through the service, you can access rewards such as up to 15 percent cashback and access to the Rainy Day Saver, which pays 4.61 percent. How do I qualify for the Barclays £175 switch bonus? To get the cash payment, you will need to either open a sole Barclays Bank Account or a sole Premier Current Account. If you open the Barclays Bank Account, you will also need to join Blue Rewards to get the extra cash. Customers have to complete a full switch using the Current Account Switch Service. This move over all your direct debits and other regular payments. To get the cash, your switch must also include two active direct debits. You also need to complete the switch within 30 days of requesting it. And you must pay in at least £1,500 into the new account within 30 days of opening it. Another rule is that your new eligible current account has to still be open when Barclays pays you the £175. The switch offer will be available from July 15 to August 28, although you may want to act soon as Barclays can change this at any time. A person will not qualify if they opened a Barclays current account before July 15, 2025, or if they have benefited from a Barclays switch offer before. You also can't get the free cash when opening a joint account.
Western Telegraph
14-05-2025
- Business
- Western Telegraph
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
Glasgow Times
14-05-2025
- Business
- Glasgow Times
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
South Wales Argus
13-05-2025
- Business
- South Wales Argus
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
The Herald Scotland
13-05-2025
- Business
- The Herald Scotland
Barclays, Santander and NatWest customers warned of changes
Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
