Barclays launches new savings range

Barclays has launched two brand new savings accounts offering its customers some of the best savings rates on the market.

A highly competitive cash ISA has been introduced paying 3.25 per cent AER/3.20 per cent tax-free per annum variable to enable customers to get the best returns on their ISA allowance.

Barclays has also launched a the Barclays Rate Promise which applies to a range of its savings accounts, giving a commitment to customers that their savings interest rate will move in line with the Bank of England base rate until March 2012.

This is good news for savers as many experts are predicting that interest rates will increase in the near future.

Andy Gray, head of savings at Barclays, said: "Over the last three years we have seen a huge demand for our range of Golden ISAs.

"We believe the highly competitive rate announced today, combined with the reassurance of our Barclays rate promise, will really help savers get the tax-free returns that they are entitled to."

Barclays recently launched a five-year fixed-rate bond paying some of the most competitive savings rates on the market.
 

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2011-03-08 11:04:29 © Moneyextra.com