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This account is no longer available to new customers.
Current interest rates
Quarterly interest (effective from 05/02/09) |
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Balance
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Gross rate pa%
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Net rate pa%
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AER%
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£250,000+
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0.10
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0.08
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0.10
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£100,000+
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0.10
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0.08
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0.10
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£50,000+
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0.10
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0.08
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0.10
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£25,000+
|
0.10
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0.08
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0.10
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£10,000+
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0.10
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0.08
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0.10
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Terms: Cash Reserve is an instant access account, available to Premier Clients only, that offers tiered rates linked to Barclays Base Rate. A minimum opening balance of £10,000 is required. Minimum withdrawal is £100. To open this account £20,000 or more must be invested or held in any stock market linked investments managed by or bought through Barclays. When part of an Openplan arrangement, this account allows you to earn interest on the combined balances of up to 12 separate Cash Reserve Accounts.
For the £10,000+ and £25,000+ tiers, since Barclays Base Rate is 0.50%, you would currently be receiving no interest under the account terms and conditions. However we have decided for the time being to pay credit interest at the rate of 0.10% gross/AER which is higher than the 'linked' interest rates payable under the account terms and conditions as set out above. We reserve the right to change the current 0.10% interest rate payable on these tiers and/or to apply the strict terms of the account at any time. In the event that Barclays Base Rate increases to the extent that credit interest is due and payable under the account terms (or payable at a higher rate than any concessionary rate being paid at that time), the 'linked' interest rates will apply from that point.
From 30 October 2009, the interest rates payable on credit balances on Premier Cash Reserve and currently linked to Barclays Bank Base Rate will instead be linked to Bank of England Bank Rate. Since this rate is set by an external body and is widely available you should find it easier to keep in touch with the interest rate applicable to your account. Currently both Barclays Bank Base Rate and Bank of England Bank Rate are 0.50%.
Previous interest rates
Quarterly interest (effective from 08/01/09-04/02/09) |
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Balance
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Gross rate pa%
|
Net rate pa%
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AER%
|
|
£250,000+
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0.45
|
0.36
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0.45
|
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£100,000+
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0.20
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0.16
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0.20
|
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£50,000+
|
0.15
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0.12
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0.15
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£25,000+
|
0.10
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0.08
|
0.10
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£10,000+
|
0.10
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0.08
|
0.10
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Terms: Cash Reserve is an instant access account, available to Premier Clients only, that offers tiered rates linked to Barclays Base Rate. A minimum opening balance of £10,000 is required. Minimum withdrawal is £100. To open this account £20,000 or more must be invested or held in any stock market linked investments managed by or bought through Barclays. When part of an Openplan arrangement, this account allows you to earn interest on the combined balances of up to 12 separate Cash Reserve Accounts.
For the £10,000+ and £25,000+ tiers, since Barclays Base Rate is 0.50%, you would currently be receiving no interest under the account terms and conditions. However we have decided for the time being to pay credit interest at the rate of 0.10% gross/AER which is higher than the 'linked' interest rates payable under the account terms and conditions as set out above. We reserve the right to change the current 0.10% interest rate payable on these tiers and/or to apply the strict terms of the account at any time. In the event that Barclays Base Rate increases to the extent that credit interest is due and payable under the account terms (or payable at a higher rate than any concessionary rate being paid at that time), the 'linked' interest rates will apply from that point.
From 30 October 2009, the interest rates payable on credit balances on Premier Cash Reserve and currently linked to Barclays Bank Base Rate will instead be linked to Bank of England Bank Rate. Since this rate is set by an external body and is widely available you should find it easier to keep in touch with the interest rate applicable to your account. Currently both Barclays Bank Base Rate and Bank of England Bank Rate are 0.50%.
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