Children's Instant Saver Issue 1

Current interest rates

Monthly interest (effective from 19 November 2012)
Balance Gross rate pa% Net rate pa% AER%
£1+ 1.50 1.20 1.51


Until 1 January 2016, the interest rate on Children’s Instant Saver Issue 1 will be a ‘Barclays tracker rate’, and after that date, it will convert to a ‘Barclays managed rate’. Until 1 January 2016, the gross interest rate pa will track at a margin of 1% above the Bank of England Bank Rate. Any changes in the Bank Rate (either up or down) will be passed on no later than 30 days after the Bank of England announcement. Condition 13 of the Retail Customer Agreement explains what we mean by ‘Barclays tracker rate’ and ‘Barclays managed rate’, and how changes can be made to those rates.

In addition, the interest rate on Children’s Instant Saver Issue 1 will never fall below 1.50% gross pa (1.51% AER)


Mortgage offset: No
Interest rate: Rates are variable. Interest is paid monthly on the first working day of the month.
Gross: ‘Gross’ is the rate of interest payable before income tax is deducted at the basic rate.  Interest is payable gross to UK non-taxpayers subject to the required certification.
Net: ‘Net’ is the rate payable after we take off basic rate tax (which non-taxpayers may reclaim from HMRC).
AER: Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.


Read the full terms and conditions 110 KB

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.