Barclays has launched a new tiered savings account offering up to 4.8% APY. The tiers are as follows:
$250,000, 4.8% APY
$100,000 – $249,999, 4.5% APY
$50,000 – $99,999, 4.5% APY
$25,000 – $49,999, 4% APY
$10,000 – $24,999, 4% APY
$9,999 or less, 1% APY
Not attractive compared to other basic savings accounts. Barclays has offered savings bonuses in the past, so fingers crossed we see that for this account at some stage otherwise it’s useless.