Warning issued to millions of people who have under £3,000 in their bank account

BARCLAYS' RAINY DAY SAVER ACCOUNT HAS TOPPED A BEST BUY TABLE OF INSTANT ACCESS ACCOUNTS FOR SAVERS WITH £3,000 OR LESS, IT HAS BEEN REPORTED. 20:23, 10 Feb 2025 A warning has been

issued to anyone with under £3,000 in their bank account who DON'T bank with Barclays. Barclays' Rainy Day Saver account has topped a best buy table of instant access accounts for

savers with £3,000 or less, it has been reported. The account, which pays 5.1% interest was given a five star rating by the independent consumer group Fairer Finance. James Daley, managing

director of Fairer Finance said: "Many banks rely on a ‘bait and switch’ approach—offering high introductory rates on easy access savings accounts before quietly cutting them later.

"Our new ratings are designed to reward the highest-performing savings accounts based on consistent rates over a 24-month period. This will help consumers identify the accounts that

have a track record of offering good value, giving them more confidence that they won’t be penalised for their loyalty.” READ MORE SIX COUNTIES IN ENGLAND SET TO SEE NO MORE SNOW FOR REST OF

WINTER The ratings are divided into two categories, balances up to £3,000 and balances of £3,000 or more, to fairly rate both high and low-balance accounts. All accounts are rated on two

criteria: AER score and FSCS protection. The easy access savings accounts for balances under £3,000 awarded a 5-star rating from Fairer Finance include Barclays Bank Rainy Day Saver 5.12%

and Ford Money Flexible Saver with 4.35%. Article continues below Others namechecked by the firm after its findings were Saga Easy Access Savings Account 4.3%, Tandem Bank Easy Access

Savings Account 4.4%, Tesco Bank Internet Saver 4.3% and also RCI Bank UK Freedom Savings Account 4.45%, its said. Easy access savings accounts for balances of £3,000+ awarded a 5-star

rating from Fairer Finance included Monument Bank Easy Access 4.55% and Barclays Bank Rainy Day Saver 5.12% as well as Ford Money Flexible Saver 4.75%, Tandem Bank Easy Access Savings

Account 4.4% and RCI Bank UK Freedom Savings Account 4.45%. The list was completed by Investec Bank Plc Online Flexi Save 4.4%.