Barclays to drop savings rates for some accounts with up to £10k in just two weeks

manchestereveningnews.co.uk:

Some Barclays banking customers will see their savings rates drop in just a couple of weeks. The banking giant will slash the rates on two of its savings accounts from February 13.

Firstly, the interest rate for the Everyday Saver will drop from 1.51% to 1.26% for all balance up to £10,000 while accounts with more than £10,000 will actually see rates fo up from 1.16% to 1.26%.

Secondly, the Rainy Day Saver will see rates take a hit from 5.12% to 4.87% on all balances up to £5,000. However, any balances above £5,000 will see rates frozen at 1.16% for the time being.

The Rainy Day Saver is an exclusive type of savings account for customers who opt into Barclays Blue Reward scheme or are Premier Banking customers.