Already bank with us?
You can open your account in the Barclays app1 or Online Banking. If you’d like help applying in the app, you can book a video appointment.
Earn tax-free interest with instant access to your whole balance
Make the most of your 2024/2025 ISA allowance of £20,000.
If you already bank with us, you can open an account in the Barclays app1 or Online Banking.
If you’d like help applying in the app, you can book a video appointment.
Already have an Instant Cash ISA? Pay into your account or top up your ISA.
If you don't already bank with us, you can book a branch appointment.
Grow your balance and make the most of your annual 2024-25 ISA allowance of £20,000.
Account name
Instant Cash ISA – Issue 1
What is the interest rate?
Effective from 1 September 2023
Balance |
Tax-free p.a.% |
AER % |
---|---|---|
£1+ |
1.65 |
1.66 |
£10,000+ |
1.20 |
1.21 |
Interest rates are banded. This means that you’ll earn the higher rate on the first £10,000 of your balance and the lower rate on the additional balance over £10,000.
For example, if you had a balance of £10,100 interest would be calculated at the higher rate on the first £10,000 of your balance and the lower rate on the additional £100.
Deposit amount |
Estimated value after a year |
---|---|
£1,000 |
£1,016.62 |
£10,000 |
£10,165.91 |
The estimated value is based on no change to the interest rate during 12 months and no withdrawals made
Yes, rates are variable. We can increase or decrease the interest rates for the reasons set out in our ‘Barclays and you’ booklet, which is available in branch, or you can read our Terms and conditions for Personal customers. Both also explain when we may change the interest rates, and the notice we’ll give you.
You can open an account online, in the Barclays app, in branch or over the phone. Please see the ‘How to apply’ section below for more details.
You can manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.
The minimum opening balance allowed is £0 if the Instant Cash ISA – Issue 1 is being funded by an ISA transfer-in, otherwise the minimum deposit is £1.
To apply for our Instant Cash ISA – Issue 1, you must
In order to subscribe to a cash ISA, you can’t have or used your total annual ISA allowance in any combination of permitted ISAs during the same tax year.
Yes, you’ll have instant access to your money so you can make withdrawals.
For additional information, download our Instant Cash ISA – Issue 1 terms and conditions [PDF, 232KB]
You can open your account in the Barclays app1 or Online Banking. If you’d like help applying in the app, you can book a video appointment.
If you don’t bank with us, you can book an appointment at one of our branches. You’ll need proof of your ID and address.
Open and manage your accounts online.
If this savings account isn't what you’re looking for, we have other options for you to consider.
Manage your savings
The Help to Buy: ISA has closed to new savers, but you can add money to one you’ve already opened until 30 November 2029.
If you already have a Help to Buy: ISA, you can now set up a savings goal in the Barclays app3 and track your progress.