Barclays Wealth

>

Savings for Guernsey residents

When interest rates are low, it's more important than ever to choose the right home for your savings. Whether you're putting money aside over a short period for a specific purpose, making provision for the future or aiming for long-term growth without risking your original capital, take a look at our range of savings and deposits. They are all suitable for Guernsey residents and you can choose from easy access savings and fixed term options, according to your financial priorities.

You can use our Savings Comparison Tool to compare the features and benefits of our savings accounts.

Short-term savings - Monthly Saver

If you're saving for something specific, our Monthly Saver Account lets you earn a high fixed savings interest rate over 12 months, providing you don't make any withdrawals.

• 5% AER (4.89% gross)¹ variable savings interest rate, if you don't make any withdrawals
• For 30 days after any withdrawal the savings interest rate on your remaining balance falls to 0.10% AER
• Savings interest is paid monthly
• Deposit up to £2,000 a month by standing order (minimum £100)
• Vary the amount you deposit each month
• Take a break any time without penalty
• Easy access to your money online, by phone or through your Relationship Manager (subject to withdrawal penalties)
• Available in sterling for new deposits to Barclays Wealth.

Savings rates to help your money grow

With a typical savings interest rate of 5% AER (4.89% gross)¹, if you save £2,000 a month and make no withdrawals, you'll receive approximately £645 gross interest over the 12 months the account is open.

Short-term savings - Reward Saver Account

The new Barclays Wealth Reward Saver Account offers you attractive tiered interest rates, without locking your money away. You can open a Reward Saver Account with as little as £1 and put more money in as often as you like. Maximum deposit is £500,000.

• Earn from 0.35 to 1.25% standard variable rate on your savings
• Plus an introductory bonus of 0.5% fixed gross¹ for the first 9 months
• Interest is paid monthly
• Deposit between £1 and £500,000 with no fixed term
• Make withdrawals whenever you need to - you will receive the standard rate of interest for the entire interest month in which you make a withdrawal and not the bonus rate
• Easy access to your money online, by phone or by contacting your Relationship Manager

Short-term savings - Easy Access Savings Account

You can deposit funds whenever you wish and make withdrawals at any time without notice or penalties.

• Access to funds at anytime without penalty or charge
• Opening balance of just £1 - maximum balance £1million
• Interest rates set at, or above, the current base rate
• Interest is paid annually on the anniversary of account opening
• New money to Barclays Wealth only
• One account per client
• Available in sterling, US dollars or euros.

Short-term savings - International Tracker Savings

If you want access to your savings but don't want to lose out against the relevant base rate of the currency you are saving in, our International Tracker Savings Account means the more you save, the more you earn.

• Save in a choice of currencies - US dollars or euros
• Your interest rate tracks the relevant base rate and is paid quarterly
• Available for balances of £10,000 or more (or currency equivalent)
• Access with no charge for withdrawals.

Medium to long-term savings - treasury deposits

This may be an attractive option if you want a fixed rate of savings interest and don't mind tying up your money for a fixed period of at least a month. You can choose from a wide range of currencies and, once the deposit is opened, your savings interest rate remains fixed for the term of the deposit.

• Minimum deposit of £10,000 for terms of six months or more
• Shorter terms available for deposits of £50,000 or more
• Attractive savings rates, linked to balance and term
• Available in sterling, euros, US dollars and other major currencies
• By taking advantage of attractive fixed savings rates, you can be certain of your returns at the end of the term. You may want to arrange that the term of your account ends at a specific date, for example to coincide with a house completion or major foreign exchange transaction.
• However, you should bear in mind that you will not have access to your funds during the term.

Longer-term savings - structured deposits

If you're looking for a higher return on your investment than from the savings rates you could expect from a regular savings account and are happy to deposit your money over the medium- to longer-term (typically 3 to 5 years)²,  this could be an attractive option. You can be sure that your capital will be repaid as long as you don't make any withdrawals during the term. If you do you could get back less than you deposited.

Index or commodity-linked structured deposits

Your returns are based on the performance of an index or commodity, giving you the potential for significant capital growth. If the investment does not perform well you may receive no capital growth.

• Linked to an index or commodity, such as the FTSE 100 Index³ or gold
• Minimum return equal to your invested capital at the end of the term
• Minimum deposit of £10,000
• Typical term of 3 to 5 years².

Fixed income structured deposits

You receive a fixed income once a year.

• Earn a fixed annual return
• Capital repaid in full at the end of the term
• Minimum deposit of £25,000
• Typical term of 3 to 5 years².

Please note

Our structured deposits are always extremely popular and usually reach maximum subscription very quickly.

How to apply

If you want to apply for our products and services please select one of the options below:

Call us on +44 (0)1624 684 316^†.

Or visit Barclays Wealth Guernsey Branch