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Barclays Dream Account

Posted on 2/5/14 at 1:45 pm
Posted by TheFolker
Member since Aug 2011
5182 posts
Posted on 2/5/14 at 1:45 pm
I've been looking for an online savings account and I came across this one. 0.95% APY.

quote:

Here's how it works:
Deposit up to a maximum of $1,000 of savings each month into your account.

Every time you make consecutive deposits for six months, we’ll give you a 2.5% bonus on the total interest you earned over that time.

Make no withdrawals for six consecutive months and earn another 2.5% bonus on the past six months of interest earned.

Smart savings decisions can earn you one or both bonuses, getting you closer to your dream.


Anybody got any experience with this account?
Posted by Itismemc
LA
Member since Nov 2008
4714 posts
Posted on 2/5/14 at 4:04 pm to
great for small dreams i guess
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 2/5/14 at 4:13 pm to
So they're going to pay you 2.5% on .95% of your principal? Not much of an incentive.
This post was edited on 2/5/14 at 4:16 pm
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
26985 posts
Posted on 2/5/14 at 4:23 pm to
Doesn't sound terrible for a reasonably sized emergency fund.
Posted by tigersmanager
Member since Jun 2010
7313 posts
Posted on 2/5/14 at 4:35 pm to
Amex .85
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