Barclays

Barclays is one of the largest UK banks. It is a publicly limited company, listed on the London Stock Exchange and is a member of the FTSE 100 index.


It’s traces its origins back to the late seventeeth century. James Barclay, who the business is named after, became a partner in 1736. It is based in London’s Canary Wharf district.


The company offers a full suite of financial products from current accounts to mortgages, insurance and investment services. It offers credit cards through its sister brand Barclaycard.


Its home insurance is provided by Gresham Insurance Company, which is owned by Aviva, and its travel insurance is provided by Aviva.


Barclays life insurance is underwritten by Legal & General.



Barclays
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Bank accounts

Ranked 19th of 30 providers reviewed.

Customer happiness score 56.82%
Customer trust score 54.6%
Complaints performance 64.07%
Transparency rating 78.52%
Fairer Finance score
Reviewed Autumn 2023
64%

Buy Now Pay Later

Ranked 7th of 12 providers reviewed.

Customer happiness score 56.4%
Customer trust score 53.78%
Fairer Finance score
Reviewed Autumn 2023
55%

Home insurance (building and contents)

Ranked 47th of 46 providers reviewed.

Customer happiness score 61.5%
Customer trust score 62.32%
Transparency rating 87.84%
Fairer Finance score
Reviewed Autumn 2023
0%
Most transparent

Investing and pensions

Ranked 17th of 27 providers reviewed.

Customer happiness score 62.13%
Customer trust score 65.13%
Complaints performance 63.63%
Transparency rating 60.91%
Fairer Finance score
Reviewed Autumn 2023
63%

Life insurance

Ranked 16th of 24 providers reviewed.

Claims score 71.00%
Complaints performance 85.31%
Transparency rating 66.63%
Fairer Finance score
Reviewed Autumn 2023
74%

Mortgages

Ranked 15th of 23 providers reviewed.

Customer happiness score 60.03%
Customer trust score 54.88%
Complaints performance 61.65%
Transparency rating 64.67%
Fairer Finance score
Reviewed Autumn 2023
60%

Personal loans

Ranked 25th of 27 providers reviewed.

Customer happiness score 59.42%
Customer trust score 55.69%
Complaints performance 64.12%
Transparency rating 54.66%
Fairer Finance score
Reviewed Autumn 2023
58%

Savings Accounts

Ranked 50th of 53 providers reviewed.

Customer happiness score 51.33%
Customer trust score 56.94%
Complaints performance 64.12%
Transparency rating 53.74%
Fairer Finance score
Reviewed Autumn 2023
57%

Bank accounts

Basic bank accounts

Barclays

Barclays Basic Current Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Bankers draft/cheque fee i £15.00
Unpaid transaction fee i
Faster Payment limit i £25,000.00
Maximum cash machine withdrawal per day i £300.00
Can you use your card to pay for items overseas? i

Current accounts

Barclays

Barclays Bank Account with Blue Rewards

4 stars
Annual fee i £60.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Barclays

Barclays Bank Account

2 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Barclays

Barclays Bank Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Barclays

Barclays Bank Account with Blue Rewards

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Barclays

Premier Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Barclays

Barclays Basic Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Barclays

Student Additions Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Barclays

Higher Education Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Barclays

Premier Current Account

5 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £500.00
Arranged overdraft interest rate (representative EAR) i 35%

Barclays

Barclays Bank Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £15.00
Arranged overdraft interest rate (representative EAR) i 35%

Barclays

Barclays Bank Account with Blue Rewards

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £15.00
Arranged overdraft interest rate (representative EAR) i 35%

Premium bank accounts

Barclays

Barclays Bank Account with Travel Pack

3 stars
Add-ons, cashback and rewards i Worldwide Family Aviva travel insurance including winter sports and cruise cover, RAC European breakdown cover
Part of FSCS or international equivalent i

Barclays

Barclays Bank Account with Travel Pack Plus

3 stars
Add-ons, cashback and rewards i Worldwide Family Aviva travel insurance including winter sports and cruise cover, RAC European breakdown cover, six free airport lounge visits per year or six £15 meal vouchers at selected airport restaurants or a free spa treatment at selected airports
Part of FSCS or international equivalent i

Barclays

Barclays Bank Account with Tech Pack

1 stars
Add-ons, cashback and rewards i Aviva mobile Phone and gadget insurance (cover for up to 4 phones and unlimited gadgets, worth up tgo £1,500 each), cashback with various retailers
Part of FSCS or international equivalent i

Student bank accounts

Barclays

Higher Education Account

4 stars
Arranged overdraft limit i £1,500.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Barclays

Student Additions Account

4 stars
Arranged overdraft limit i £1,500.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Children's Accounts

Children's Bank Accounts

Barclays

Children's bank account

Minimum Age i 11
Interest Rate (AER) First Tier i
Maximum Balance First Tier of Interest Covers i
Maximum Age i 17
Interest Rate (AER) Second Tier i
Maximum Balance Second Tier of Interest Covers i
Interest Rate (AER) Third Tier i
Maximum Balance Third Tier of Interest Covers i
Maximum Cash Withdrawal i £300.00
Ability to freeze or report a card lost via app? i
Rewards i
Additional information i
Cash Transaction Fee i 0%
Cash Withdrawal Fee i £0.00
Card Delivery Fee i £0.00
Replacement Card Fee i £0.00
Foreign Cash Withdrawal Fee i 2.99%
Foreign Transaction Fee i 2.99%

Children's Savings Accounts

Barclays

Barclays Children's Savings

Account Type i Easy Access
Interest Rate (AER) i 2.68%
Minimum Opening Balance i £1.00
Maximum Balance i Unlimited
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 17
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i Account must be held by an adult trustee.
Additional Information i Can be opened via Barclays Video Banking app.
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Gadget insurance

Barclays

Tech Pack Lite

1 stars
Accidental loss cover i Not Covered
Mechanical breakdown cover i
Maximum single-item cover limit i £1,500.00
Type of product i Bank add-on
Accidental damage cover i
Mechanical breakdown cover replacement limit i £1,500.00
Theft Cover i Not Covered
Theft replacement limit i £0.00
Malicious damage cover i
Unauthorised usage cover i £0.00
Unauthorised usage cover (E-wallet) i £0.00
Accessories cover limit i £0.00
How is the excess charged? i Depends on the type of claim
Lowest excess i £29.00
Liquid damage excess i £29.00
Theft & loss claims excess i
Accidental damage and breakdown claims excess i £79.00
Cancellation fee i £0.00
Arrangement fee i £0.00
Additional early claims excess i £0.00
Immediate cover with no additional excess in the first 30 days of the policy i
High end smartphones (>£1,000) minimum excess i £149.00
High end tablets (>£1,200) minimum excess i £149.00
High end laptops (>=£1,500) minimum excess i
High end MacBooks (>=£1,500) minimum excess i
Rapid replacement i
Pro-rata refund i
Claim under warranty i
Replacement claims limit per Item for accidental damage/mechanical failure i 4.00
Replacement claims limit per Item for theft or loss i
Replacement warranty i 24 months
International cover limit (Days) i Unlimited
Universal gadget policy? i
Family cover i
Multi cover discounts i
Underwriter i Aviva Insurance Limited
Age of customer requirement i 16.00 years
No claims period i Immediate Cover
Refurbished device cover i
Second hand device cover i
Territorial limits restriction i Worldwide
Maximum age of phones i Unlimited
Maximum age of gadgets eligible for cover i 60 months
Smartphones i
Tablets i
Smart watches i
Game Consoles i
Headphones i
Cameras i
E-readers i
Sat-Navs i
MP3 Players i
MacBooks or Laptops

Barclays

Tech Pack

1 stars
Accidental loss cover i Y (Mobile Phones Only)
Mechanical breakdown cover i
Maximum single-item cover limit i £1,500.00
Type of product i Bank add-on
Accidental damage cover i
Minimum excess i
Territorial limits restriction i
Data and Software Cover i
Mechanical breakdown cover replacement limit i £1,500.00
Theft Cover i
Theft replacement limit i £1,500.00
Malicious damage cover i
Unauthorised usage cover i £0.00
Unauthorised usage cover (E-wallet) i £0.00
Accessories cover limit i £0.00
How is the excess charged? i Depends on the type of claim
Lowest excess i £29.00
Liquid damage excess i £29.00
Theft & loss claims excess i £179.00
Accidental damage and breakdown claims excess i £79.00
Cancellation fee i £0.00
Arrangement fee i £0.00
Additional early claims excess i £0.00
Immediate cover with no additional excess in the first 30 days of the policy i
High end smartphones (>£1,000) minimum excess i £179.00
High end tablets (>£1,200) minimum excess i £179.00
High end laptops (>=£1,500) minimum excess i
High end MacBooks (>=£1,500) minimum excess i
Rapid replacement i
Pro-rata refund i
Claim under warranty i
Replacement claims limit per Item for accidental damage/mechanical failure i 4.00
Replacement claims limit per Item for theft or loss i 2.00
Replacement warranty i 24 months
International cover limit (Days) i Unlimited
Universal gadget policy? i
Family cover i
Multi cover discounts i
Underwriter i Aviva Insurance Limited
Age of customer requirement i 16.00 years
No claims period i Immediate Cover
Refurbished device cover i
Second hand device cover i
Territorial limits restriction i Worldwide
Maximum age of phones i Unlimited
Maximum age of gadgets eligible for cover i 60 months
Smartphones i
Tablets i
Smart watches i
Game Consoles i
Headphones i
Cameras i
E-readers i
Sat-Navs i
MP3 Players i
MacBooks or Laptops

Investing and pensions

Fund and Share Accounts (for high frequency trading)

Barclays

Investment Account

4 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment £0.00
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £25.00
Cost of receiving paper statements for a year £0.00
App available i
Charge for telephone/postal share dealing £25.00

Fund and Share Accounts (for low frequency trading)

Barclays

Investment Account

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment £0.00
Charge for telephone/postal share dealing £25.00
App available i
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £25.00
Cost of receiving paper statements for a year £0.00

Income Drawdown products (self-invested)

Barclays

SIPP

2 stars
Annual cost of regular payments (drawdown) £120.00
Fee for setting up drawdown £90.00
Charge for taking whole pot under triviality rules £90.00
Charge for withdrawing your tax-free lump sum £30.00
Cost of adding funds to drawdown, or reviewing flexi-access drawdown (not capped) £90.00
Charge for purchasing an annuity £90.00
Charge for telephone/postal share dealing £25.00
Account closure fee £0.00
Charge for transferring cash to another platform £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment £0.00
Same Day Payment Charge £30.00
Cost of receiving paper statements for a year £0.00

Ready-made General Investment Accounts

Barclays

Barclays Ready - made Investments

4 stars
Cost (Year 1) i £350.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Does the provider have a mobile app?
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications £0.00
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £25.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £0.00
Charge for transferring cash to another platform i £0.00

Ready-made Stocks and Shares ISAs

Barclays

Barclays Ready - made Investments

4 stars
Cost (Year 1) i £350.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications £0.00
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £25.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £0.00
Charge for transferring cash to another platform i £0.00
Is there a mobile app?

Self-invested Personal Pensions (SIPPs)

Barclays

SIPP

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment £0.00
Charge for transferring cash to another platform i £0.00
Early Account Closure Fee (12 months or less) £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Charge for telephone/postal share dealing £25.00
Cost of receiving paper statements for a year £0.00
Charge for writing to a third party to confirm the value of the account (Including probate valuations) £0.00

Stocks and Shares ISAs (self-invested)

Barclays

Investment ISA

5 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment £0.00
Charge for telephone/postal share dealing £25.00
Charge for transferring cash to another platform £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Repairing or voiding an ISA, when required under HMRC rules £0.00
Same Day Payment Charge £25.00
Cost of receiving paper statements for a year £0.00

Personal loans

Barclays

Existing Current Account Customer Barclayloan

Representative APR (on £5,000 loan, 36 month term) 13.6%
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 30 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £50,000.00
Minimum borrowing length 24 months
Maximum borrowing length 60 months

Barclays

Existing Premier Account Customer Barclayloan

Representative APR (on £5,000 loan, 36 month term) 7.8%
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 30 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £50,000.00
Minimum borrowing length 24 months
Maximum borrowing length 60 months

Savings Accounts

1 Year Fixed Rate Accounts

Barclays

1-Year Fixed Rate Bond - Issue 115

Interest Rate (AER) i 4.65%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

18 Month Fixed Rate Bonds

Barclays

18-Month Flexible Bond - Issue 65

Interest Rate (AER) i 4.35%
Minimum Opening Balance i £1.00
What happens at maturity? i Before the account matures, your provider will send you a notification. In the absence of instructions, the funds in the account will be reinvested in a subsequent Fixed Rate/Fixed Term account under equivalent or similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i 3 withdrawals for up to 10% of the initial investment permitted during the term.

Easy Access Accounts

Barclays

Everyday Saver

Interest Rate (AER) i 1.16%
Balance Tiers i 1.66% from £1, 1.16% from £10001
Minimum Opening Balance i £1.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £10,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Barclays

Blue Rewards Saver

Interest Rate (AER) i 3.56%
Balance Tiers i
Minimum Opening Balance i £1.00
Withdrawal Penalty i Lower interest of 0.50% is paid in months where a withdrawal is made.
Part of FSCS i
Maximum Balance i £10,000,000.00
Minimum Age to Open Account i 18
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Barclays

Rainy Day Saver

Interest Rate (AER) i 5.12%
Balance Tiers i
Minimum Opening Balance i £1.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £10,000,000.00
Minimum Age to Open Account i 18
Penalty free withdrawals? i
Sharia Account i
Additional Information i 5.12% is only on balances up to £5000, beyond this the interest rate is 1%.
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Barclays

1-Year Flexible Cash ISA - Issue 55

Interest Rate (AER) i 4.6%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Up to three withdrawals, each up to 10% of your balance at the time of withdrawal, during the term. If you close the account earlier, there will be a loss of interest for 90 days.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

18 Month Fixed Rate ISAs

Barclays

18-Month Flexible Cash ISA - Issue 56

Interest Rate (AER) i 4.35%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i 3 withdrawals of up to 10% of the balance are allowed during the term, any further withdrawals will result in the loss of 90 days of interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

Barclays

Instant Cash ISA - Issue 1

Interest Rate (AER) i 1.21%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Travel insurance

Annual multi-trip insurance

Barclays

Travel Pack

5 stars
Medical excess i £50.00
Personal Possessions and Baggage - damaged, lost or stolen - cover limit i £1,500.00
Cancelling before travel cover limit i £10,000.00
Emergency medical cover and repatriation cover limit i £10,000,000.00
Mental health cover i
Personal money i £500.00
Combined passport & travel documents cover limit i £750.00
Cutting trip short (curtailment) cover limit i £10,000.00
Abandoning your trip (abandonment) cover limit i £10,000.00
Natural disaster relocation cover i
Max trip duration i 31 days

Barclays

Travel Plus Pack

5 stars
Medical excess i £50.00
Personal Possessions and Baggage - damaged, lost or stolen - cover limit i £1,500.00
Cancelling before travel cover limit i £10,000.00
Emergency medical cover and repatriation cover limit i £10,000,000.00
Mental health cover i
Personal money i £500.00
Combined passport & travel documents cover limit i £750.00
Cutting trip short (curtailment) cover limit i £10,000.00
Abandoning your trip (abandonment) cover limit i £10,000.00
Natural disaster relocation cover i
Max trip duration i 31 days

Travel insurance add-on: winter sports

Barclays

Travel Plus Pack

4 stars
Ski equipment owned cover limit i £500.00
Single owned item cover limit i £500.00
Cover limit for hire of ski equipment due to loss/damage/delay to own equipment i £200.00
Avalanche closure cover limit i £200.00
Piste closure cover limit i £300.00
Ski equipment owned excess i £50.00
Ski equipment hired i £500.00
Single item limit for hired equipment i £500.00
Unused ski pass due to illness or injury i £500.00

Barclays

Travel Pack

4 stars
Ski equipment owned cover limit i £500.00
Single owned item cover limit i £500.00
Cover limit for hire of ski equipment due to loss/damage/delay to own equipment i £200.00
Avalanche closure cover limit i £200.00
Piste closure cover limit i £300.00
Ski equipment owned excess i £50.00
Ski equipment hired i £500.00
Single item limit for hired equipment i £500.00
Unused ski pass due to illness or injury i £500.00