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Instant Cash ISA – Issue 1

Current interest rates

Rates effective from:

Balance

Tax-free pa%

AER%

1 December 2016 - present

£1 - £14,999

0.40

0.40

 

£15,000 - £29,999

0.50

0.50

 

£30,000 +

0.60

0.60

Rates effective from:

1 December 2016 - present

Balance

£1 - £14,999

Tax-free pa%

0.40

AER%

0.40

Rates effective from:

 

Balance

£15,000 - £29,999

Tax-free pa%

0.50

AER%

0.50

Rates effective from:

 

Balance

£30,000 +

Tax-free pa%

0.60

AER%

0.60

We may withdraw the availability of Instant Cash ISA – Issue 1 at any time without notice.

Previous interest rates

Introductory bonuses

Depending on when you opened the account, you may have benefited from an introductory bonus. The introductory bonus would have been payable for 1 year, after which the rate on your account would have reduced accordingly. Details of all introductory bonuses that have been paid on this account are set out below.

Account opened

Bonus rate (gross pa %).

25 February 2013 – 3 June 2013

0.80

Account opened

25 February 2013 – 3 June 2013

Bonus rate (gross pa %).

0.80

Core rates

The core rates payable on this account, excluding any introductory bonus that may have applied, are set out below.

Rates effective from:

Balance

Tax-free pa%

AER%

23 September 2015 – 30 November 2016

£1–£14,999

0.80

0.80

 

£15,000–£29,999

0.90

0.90

 

£30,000 +

1.00

1.00

Rates effective from:

23 September 2015 – 30 November 2016

Balance

£1–£14,999

Tax-free pa%

0.80

AER%

0.80

Rates effective from:

 

Balance

£15,000–£29,999

Tax-free pa%

0.90

AER%

0.90

Rates effective from:

 

Balance

£30,000 +

Tax-free pa%

1.00

AER%

1.00

 

 

Transfers-In:

Yes, Transfers-In from other ISAs are permitted.

Top up:

Yes. Funds withdrawn from your Instant Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance. The tax year runs from 6 April to 5 April the following year.

Mortgage offset

Yes. Remember, if you offset your savings account against your mortgage, you won't earn any interest on your account.

Tax-free:

Interest is exempt from Income Tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Interest rate:

Variable. Interest is paid on the first working day of each month. When you top up, Transfer-In or Transfer-Out or make a withdrawal, you may move between an interest tier.

 

Terms and Conditions 1.16 MB

These additional terms and conditions supplement and amend the general conditions of your Customer Agreement  with us (Barclays Bank PLC). Read important information about our interest rates, the Financial Services Compensation Scheme and your cancellation rights.