What Does the Continued Low Interest Rate Mean for Savers?

LONDON, August 9, 2010 - As Bank of England Governor, Mervyn King, warns that the interest rates
won't be going up in the near future, despite a 1.1 per cent growth in GDP,
Barclays Wealth is advising people that they need to be proactive in making
their savings work harder.

Following Mr King's announcement to the UK Treasury Select Committee,
Barclays Wealth has issued advice to savers looking for the highest returns
with minimal risk.

'We recognise that low interest rates is great news for those with loans
and mortgages, but is not what those looking to make a return on their
savings, particularly those who are relying on savings for future planning
and retirement, wanted to hear,' said Mark Richards, Managing Director, Head
of Sales, Barclays Wealth International.

    Barclays Wealth's top tips include:

    - Look for fixed term, fixed return accounts - with interest rates likely
      to remain low.
    - Diversify - spread your money to spread the risk and potential rewards
      - consider other types of accounts such as long-term deposits and
      Structured deposits.
    - Time your income - plan the dates on which investments and savings
      plans mature carefully.
    - Look at the options available and be open to new ideas - the best rates
      may be offered on accounts that require a significant deposit, other
      good rates can be found on regular saver accounts.

'I am delighted that in recent months we have seen a growing trend
towards saving and confidence locally seems to be on the up. The Barclays
Wealth Relationship Manager Service is opening more savings accounts
presently than we have done since before the economic downturn began. It is
really positive news that clients are looking to their futures and feeling
able to plan and save. The news of continued low interest rates should not
deter savers - there really are some great products out there which offer
good returns,' said Mr Richards.

'We have just launched the Barclays Wealth New Client Term Deposit,
offering a fixed rate of 3% gross/AER on sterling and 2.5% gross/AER on euro
or US dollar deposits for 12 months, available to new clients who join
Barclays Wealth and make a deposit between GBP10,000 and GBP250,000 (or
currency equivalent). We also offer alternative savings plans as we recognise
it's all about finding the product to suit your current circumstances.'

For more information about the Barclays Wealth New Client Deposit, please
call +44(0)1624-684301, visit www.barclayswealth.com/pr or apply
online at: www.barclayswealth.com/internationalapply The Barclays
Wealth New Client Term Deposit is restricted for sale in certain
jurisdictions, visit: www.barclayswealth.com/pr to check eligibility.

NOTES TO EDITORS:

The Barclays Wealth New Client Term Deposit officially launches on 9th
August 2010. The account offers an interest rate of 3% gross/AER for sterling
deposits on a 12 month fixed term and is available to new clients of Barclays
Wealth. Minimum deposit of GBP10,000 and maximum deposit of GBP250,000. The
account is also available in euro and US dollar paying 2.5% gross/AER.

About Barclays Wealth

Barclays Wealth is a leading global wealth manager, and the
UK's largest, with total client assets of GBP151.3bn, as at 31 December 2009.
With offices in over 20 countries, Barclays Wealth serves affluent, high net
worth and intermediary clients worldwide, providing international and private
banking, investment management, fiduciary services, and brokerage.

Barclays Group 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 Americas, Africa and Asia.

With over 300 years of history and expertise in banking,
Barclays operates in over 50 countries and employs approximately 144,000
people. Barclays moves, lends, invests and protects money for over 49 million
customers and clients worldwide.

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

Twitter page: www.twitter.com/barclayswealth

For further information contact: Jignasa Patel, Barclays Wealth, Corporate Communications, +44(0)20-7699-2483