Barclays to roll out "Sandler-friendly" savings

Professional Adviser
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Barclays is aiming to become the first financial services firm to simplify its products, in line wit...

Barclays is aiming to become the first financial services firm to simplify its products, in line with proposals laid out by Ron Sandler, by changing the terms first on its savings accounts. "Old fashioned" instant access and notice accounts will no longer be offered to new customers from June but two new accounts are available which offer either a better interest rate if fewer withdrawals are made or tracks to within 0.75% of the bank's own base rate. Instead, anyone with savings of less than £10,000 will be offered the Reward Saver Account - replacing the Instant Savings Account ...

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