Save faster than you can say Barclays High Rate Savings Account

The world is full of wonderful opportunities and at Barclays we understand that you don’t want to spend your whole life saving in order to make the most of them. That’s why we’ve developed the Barclays High Rate Savings Account. It is specially designed to help you accumulate earnings quicker because the more money you save, the more interest you earn, allowing you to have that something special sooner. You can also enjoy convenience with your free cash card which gives you 24 hour access, 7 days a week to your funds. But everyone is different, which is why there is a range of Barclays Savings Account designed to meet everyone’s needs. So why not talk to one of our Personal Bankers today and see how a big bank can make big things happen for you.  

A Big World Needs a Big Bank

Barclays is one of the leading financial services group world-wide. Barclays has been involved in banking for over 300 years and operates in over 60 countries, including all of the major financial centres.

Barclays' presence in Mauritius dates back to 1919, and since that time the Bank has played a key role in the expansion of business in the island. The excellent reputation we have established over the past 80 years is based on our substantial capital resources, high credit rating and group financial strength. We are committed to providing the products and services that are constantly exceeding our customers expectations. Our aim is to be the customer's first choice as the provider of innovative and dependable financial solutions.

We provide a wide range of services and products to personal customers. We are constantly striving to increase convenience and access to our products and services and at the same time, modifying our product range to ensure appropriateness and relevance to you, our customer.

We are setting the pace as an innovative bank in Mauritius with 6 new products for personal customers:

Savings Products

Ÿ  Instant Savings - Saving for the future

You will need a minimum of Rs 6,000 to open this account and you can access your funds by way of a free cash card and this 24 hour a day. Access to personal loans also available. Interest is calculated on a daily basis and paid monthly.

Ÿ  High Rate Savings - Helping you save for a brighter future

A minimum opening balance of Rs 30,000 is required for this account which has multiple tiers of competitive interest rates.  Interest is calculated on a daily basis and paid monthly. Our free cash card gives you 24 hour access to your account. 

Ÿ  High Interest Bonus Savings - Making your money work for you

A minimum of Rs 200,000 is required to open this account where there are tiered levels of interest.  Interest is calculated every day and paid to you quarterly.  Furthermore if no withdrawals have been made in the past three months, you will receive a quarterly bonus of 5% of interest paid. 

Transactional  Products

Ÿ  Bank Account - The safe and convenient way to manage your money

No minimum balance is required to open this account, but you need to earn a minimum net monthly salary of Rs 6,000.  You can access your funds by way of a free cash card and this 24 hour a day. Standing Orders can be set up for payment of your regular monthly bills e.g. Rent, insurance premium and other utility bills.  Access to personal loans is also available.

Ÿ  Current Account - Helping you to manage your money

No minimum balance is required to open this account, but you need to earn a minimum net monthly salary of Rs 12,000.  A free cash card gives you 24 hour access  to your account. You can also use your cheque book. Standing Orders can be set up for your regular monthly payments.  Access to personal loans is also  available.

Ÿ  High Value Current Account  -  Managing your money the smart way

No minimum  balance required to open  this account, but you need to earn a minimum net monthly  salary of Rs 40,000. You can to access your money at any time through a free cash card.  You can also use your cheque book which is provided free of charge.  Overdraft facility is available and you can also get access to other services e.g. Personal loans, credit cards. If a credit balance of Rs 25,000 is maintained on your account, interest will be calculated daily and paid in quarterly. Tiered levels of interest applicable.

Other Products

Ÿ   Barclaycard  -  Visa and MasterCard credit cards are available.

Ÿ   Barclayloan - is an unsecured loan of up to Rs 200,000.  It also offers flexible repayments and is usually approved within 48 hours.

Ÿ   Executive Loan - has been designed to accommodate larger amounts for larger purchases (above Rs 200,000).  It also offers flexible repayments and competitive interest rates.

Ÿ   Home Loan - With our help you’ll feel more at home. Competitive rates  available.

Ÿ   Foreign Currency Account - Account may be opened in all major currencies.

Ÿ   Premier Banking – offers personalised service to high net worth customers. 

For more details on our complete product range, contact our Personal Bankers at your nearest Barclays Branch.

   Interest Rates  (With effect from 9 November 2001)

* A Bonus of 5% of interest paid will be credited if no withdrawal made during previous quarter  

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Our aim is to build close relationships with our customers, based on an understanding of the key issues in your world. We want you to turn to Barclays first for the solution to your banking needs.

We aim to deliver first-class relationship banking, solving problems with corporates as soon as they occur. Our Corporate Division, staffed by experienced and innovative managers, caters exclusively for major corporate bodies, spanning a wide section of business enterprise, including parastatals, quoted companies and large trading firms.

Our Small Business Division has also been created to serve the needs of all small and medium sized business customers.

Each Business customer is served by a named relationship manager who can provide local information on the market, major development projects, advice on matters such as commercial paper issues and so on.

For more details contact our Corporate Managers on tel (+230) 207 1800

We were the first bank to be granted an offshore licence in Mauritius in 1989, and remain one of the market leaders in what is becoming a rapidly expanding offshore centre. The island operates within a unique time zone enabling business to be transacted with the Far East in the morning, the Middle East and Europe around midday, and with the USA in the late afternoon.

For more details contact our Offshore Banking Unit at tel (+230) 207 1960  

Read interview of Jacques de Navacelle, Managing Director of the Barclays Bank in Mauritius.

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