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2 Year Flexible Bond – Issue 32

Earn a fixed rate of interest on your money

Set your money aside for a fixed return, knowing you can still access some of it if you need to.

  • 0.65% AER/gross pa 1 for balances of £1 to £1 million
  • 2-year fixed-rate term
  • Up to 3 free withdrawals, each one up to 10% of your initial deposit 2
  • Withdraw money online, in branch or over the phone 3
  • Open with £1 to £1 million

Summary box

Account name

2 Year Flexible Bond – Issue 32

What is the interest rate?

Interest rates for balances of £1+, effective from 7 March 2017.


Interest option

Monthly

Gross pa %

Annual

Gross pa %

End of term

Gross pa %


AER % (all interest options)

2-year term

0.65

0.65

0.65

0.65


Interest option

2-year term

Monthly

Gross pa %

0.65

Annual

Gross pa %

0.65

End of term

Gross pa %

0.65


AER % (all interest options)

0.65

Monthly, annual and end of term interest payment options are available – monthly and annual interest will be paid into your Barclays account (this must be in the name of one or more bond holders) or will be paid to you by cheque.

If you choose end of term interest, you’ll receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year.

Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 2-year term of the bond.

What would the estimated balance be at the end of the term based on a £1,000 deposit?


Deposit amount

Monthly
(Estimated value at the end of the term)

Annual Gross p.a.%
(Estimated value at the end of the term)

End of term
(Estimated value at the end of the term)

£1,000

£1,013.00

£1,013.00

£1,013.04


Deposit amount

£1,000

Monthly
(Estimated value at the end of the term)

£1,013.00

Annual Gross p.a.%
(Estimated value at the end of the term)

£1,013.00

End of term
(Estimated value at the end of the term)

£1,013.04

How do I open and manage my account?

You can open an account online, in branch or over the phone. Please see the 'How to apply' section below for more details.

You can open this bond with £1 – the maximum balance is £1 million.

Eligibility

To apply for our 2 Year Flexible Bond – Issue 32, you must:

  • Be aged 18 or above
  • Be resident in the UK for tax purposes

Can I withdraw money?

Yes, you can make 3 withdrawals during the term of the bond. The maximum value per withdrawal is 10% of your initial investment into the bond.

You can access your funds and manage your account in branch, or using Online Banking, Barclays Mobile Banking or Telephone Banking – provided you’re registered.

Additional information

In accordance with UK tax legislation, from 6 April 2016, interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance – for information and guidance please refer to HMRC's website . It’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

Our 2 Year Flexible Bond – Issue 32 is a strictly limited offer, and may be withdrawn at any time.

Additional deposits are not allowed at any time during the term of the bond, although a bond holder may acquire additional bonds subject to availability.

Terms and conditions

For additional information, download our 2 Year Flexible Bond - Issue 32 terms and conditions 690 KB

How to apply

There are different ways to apply, depending on whether you bank with us or not.

New to Barclays?

Already a customer?

Apply online, by phone or in branch.

Register for Online Banking

Call 0345 744 5445 5

More ways to save

If this flexible bond isn't what you’re looking for, we have other options for you to consider.

Fixed Bonds

Fixed-rate bond

If you're happy to lock your money away, you'll know exactly what your savings will earn.

 

Premier Flexible Bond

Premier flexible bond

If you're a Premier customer, you can access this exclusive 3-year fixed-rate bond.

 

Savings

Savings

Looking to save but with more flexibility? See our range of savings accounts.

 

Important information

1. ‘Gross’ is the rate payable without tax taken off. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

2. Rates are fixed for the term of the bond, but the amount of interest you receive will depend on the number and value of the withdrawals you make. If your flexible bond has tiered interest rates, then withdrawals may take you into a lower tier.

3. Telephone and Online Banking services are only available to Barclays current account holders who are registered for these services.

4. Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.

For information and guidance please refer to the HMRC website .

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority. If you choose end of term interest, you will receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year. Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.

5. Lines are open Monday to Friday 8am-9pm, Saturday 9am-9.30pm and Sunday 8am-9pm. To maintain a quality service, we may monitor and record phone calls. Call charges