Barclays

I left school at 16 straight into a nice little job on my local high street. When I needed a bank to put my £100- a week in (It was a lot in those days) who did I choose? Well this was the local high street and in 1991 there wasn't that much choice. As Barclays was the closest to where I worked I chose them. For the first two years I paid my wage in, in cash each week and took most out each weekend from a cash machine. No Credit or Debit Cards no Direct Debits just like a typical working person of that age. No problems on my side and no problem on theirs. Then I turned 18 and things grew a bit more complicated in the banking world. First of all I ...

I've had a Barclays Open Plan Mortgage for over a year now, and in my opinion its the best thing since sliced bread. An overview for those who don't know about it. The Open Plan mortgage enables you to off set the balance of any other Barclays account you have (current or savings) against the total of you mortgage. This means that if you have 2,000 in a savings account, you don't pay the interest on 2,000 of your mortgage. A simple concept that can save a large amount of money, if you are not familiar with the mortgage then I would strongly encourage people to have a look at their web site. Getting going: You have to have your ...

Barclays Open Plan Formerly an inspiration from the Woolwich, it was said when Barclays took them over that a big part of the reason was that those who claim to be fluent in finance were impressed by this financial model. Well, they liked it so much they bought the company. And a couple of years on we are faced with a saturation level advertising campaign to bring the concept to the people. Promising savings of billions for the nation! So, as the adverts do not actually tell us, what exactly is Open Plan? Well, it is a simple concept. You tell Barclays how much you want in your current account. As a minimum and maximum. If you ...