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Direct Cash ISA – Issue 2

This account is no longer available to new customers.

In September and October 2016, Direct Cash ISA – Issue 2 accounts were changed to Instant Cash ISA Issue 1 accounts. Read more about the changes to savings accounts and Instant Cash ISA - Issue 1 interest rates .

Previous interest rates

All accounts

Balance

Tax-free pa%

AER%

23 September 2015 – until account changed to Instant Cash ISA Issue 1

£1 - £14,999

0.80

0.80

 

£15,000 - £29,999

0.90

0.90

 

£30,000 +

1.00

1.00

All accounts

23 September 2015 – until account changed to Instant Cash ISA Issue 1

Balance

£1 - £14,999

Tax-free pa%

0.80

AER%

0.80

All accounts

 

Balance

£15,000 - £29,999

Tax-free pa%

0.90

AER%

0.90

All accounts

 

Balance

£30,000 +

Tax-free pa%

1.00

AER%

1.00

Transfers-In:

No. Transfers-in from other ISAs aren't permitted.

Top Up:

Yes. Funds withdrawn from your Direct Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance.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:

Rates are variable. Interest is paid monthly on the first working day of each month.

Cash ISA additional 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.