New 3% Fixed Savings Product From Barclays Wealth

LONDON - Barclays Wealth has launched a new product which offers an interest rate of 3% for a fixed term of 12 months.

The 3% Deposit is part of a new range of cash and investment products from Barclays Wealth which aims to provide a range of solutions to match the needs of its clients. It has a minimum investment of GBP25,000[1] and clients are not restricted to an upper limit.

‘With base rates at historic lows, savers who want to keep part of their savings in cash, have had to look far and wide for a decent return over the next 12 months. Barclays Wealth has vast experience and expertise in designing products which suit the needs of our customers and believe the Barclays Wealth 3% Deposit will be extremely attractive to those considering opening a savings account,’ said Peter Horrell, Managing Director, Barclays Wealth Intermediaries & International.

‘It gives them transparency, but also brings peace of mind. As a Barclays product, the 3% Deposit offers savers the backing of an independent British bank that has been trading for over 300 years, is highly rated, well capitalised, familiar to consumers and last year was one of very few global banks to report a profit.’

The 3% Deposit, which is open to new and existing clients for new balances transferred to Barclays Wealth, is priced at 2.5% above the Bank of England’s current interest rate and has a fixed-term of just 12 months.

‘We believe that this product will be an important part of our range of cash and investment products. We can of course offer a full set of alternatives with higher yields or alternative investments and our aim is to meet the complete range of our clients’ requirements,’ said Mr Horrell.

For more information about the Barclays Wealth 3% Deposit, please call +44(0)141-352-3899* or visit www.barclays.com/savings

Notes:

1 Minimum investment level is dependent on individual criteria

* Lines are open 7am to 8pm weekdays and 8am to 5pm weekends and UK bank holidays local time. Call charges may vary. Please check with your local telecoms provider. Calls may be recorded for training and security purposes.

About Barclays Wealth

Barclays Wealth, the UK’s leading wealth manager by client assets, has GBP145bn client assets globally, at 31 December 2008. It serves affluent, high net worth and intermediary clients worldwide, providing international and private banking, fiduciary services, investment management and brokerage. Thomas L. Kalaris is the Chief Executive of Barclays Wealth and he joined the business at the start of 2006. It was voted Global Investor’s Wealth Manager of the Year for 2007.

Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 155,000 people. Barclays moves, lends, invests and protects money for over 48 million customers and clients worldwide.

For further information about Barclays Wealth International, please visit our website www.barclays.com/international

Media contacts: Jignasa Patel / Will Bowen Corporate Communications, Barclays Wealth +44(0)20-7699-2483 / +44(0)20-7114-8431

Source: Barclays Wealth International

Media contacts: Jignasa Patel / Will Bowen, Corporate Communications, Barclays Wealth, +44(0)20-7699-2483 / +44(0)20-7114-8431