An established bank (Barclays Bank)

Name: Praklinal

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Product:	Barclays Bank
Date:	04.05.08 (89 review reads)
Rating:

Advantages: Switch of accounts

Disadvantages: Not the best rates

A colleague of mine who so far has married 3 times (and divorced twice) told me that it has been easier to separate from his previous partners than his current bank. This is a joke, although in his case it is true, but probably it is also a fact of life.

I set up my first bank account in Uk with Barclays and I have been faithful to them since then (we go back to 16 years ago)

In all this period I have opened accounts with other banks too, mainly when they were offering some attractive saving rates.

I have a saving account and a current account with Barclays. I basically keep some money on my saving account which gives me 4.25% and then when I need some cash, I move them to my ordinary account. I also have my salary paid into it, and few bills and standing orders paid out of it.

I tried to get a better saving rate, but they did not want to give me anything better, so I told them I would take my money to Nationwide, and off they went.

Barclays bought the Woolwich brand, which was very strong on mortgages, but in my experience, they do not offer very good rates for mortgages these days. I will stay with Barclays again, but I cannot say they are giving me excellent rates to be honest.

Summary: I will stay with Barclays