Savings

Savings

 1.
You can filter your savings options by selecting the groups below: (Options per category are shown in brackets)


 2.
Selected Category: ISAs

  • Golden ISA - Issue 2, Money Monster

    Cash ISA - Golden ISA - Issue 2

    Golden ISA - Issue 2 is a convenient way to use your annual cash ISA allowance 4 and earn tax-free interest 2.

     
    • Competitive rate of 2.08% AER /2.06% tax-free pa 3 variable.
    • Easy to open from as little as £1
    • Instant access to your cash when you need it

     

    Transfers-in from other ISAs are not permitted

  • Cash ISA

    Cash ISA - Barclays Cash ISA

    Barclays Cash ISA is ideal if you would like to transfer in an existing ISA from another ISA provider

    • Earn tax-free interest
    • It's easy to transfer your existing cash ISAs
    • Instant access to your cash when you need it
  • Fixed Rate Investment ISA, money monster

    Stocks and Shares ISAs

    Happy to take more risk? Find out how to use your full £10,200 ISA allowance

     

     

Consider these options

Savings and investments guides

Financial Planning

  • Find out about investing for growth
  • Research your pension options
  • Options for lump sum and regular saving
Golden ISA

Investments

  • Minimum investment of only £3,000
  • Several investment options
  • ISA options also available

Need help with jargon?

Here are the five definitions that we think you'll find most helpful.

ISA

Individual Savings Accounts are a special tax-free* scheme launched by the Government in 1999 to encourage people to save money. There are two types of ISAs; cash ISAs and stocks and shares ISAs. A cash ISA is like a normal savings account but with the added benefit of being exempt from UK income tax and capital gains tax provided all ISA conditions are met. A stocks and shares ISA is also tax-free but as your money is invested in the stock market, it will rise or fall accordingly. *Tax-free indicates that interest is exempt from UK income tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on the individual taxpayer.

Tax-free

Tax-free indicates that interest is exempt from UK income tax, provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on the individual tax payer. If you're opening a savings account for your child, ask for the Revenue & Customs R85 form to complete when the account is opened or take one with you. Once we get a completed form, we'll pay interest without deducting tax. You can also get a form when you open the account at your local branch. And if you give your child a gift of money that produces more than £100 of gross interest per year, the income will normally be taxed as yours.

Instant access account

These accounts allow you to withdraw all or part of your savings either immediately or at short notice. These accounts are best for rainy-day savings but you will get a better return on savings where your money is locked away for a set period, so think carefully about which account is best for your needs.

Variable rate

A rate of interest that can go up or down throughout the lifetime of the savings account.

Interest

The income you receive on the money that you save.

Other terms you're not sure of? See our Savings Jargon Buster

Important information
1. Gross is the rate of interest payable before income tax is deducted. Interest is payable gross to non-taxpayers subject to the required certification. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
2. Tax-free indicates that interest is exempt from UK income tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on the individual taxpayer.
3. Tax-free indicates that interest is exempt from UK income and capital gains tax provided all ISA conditions are met. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
4. Your annual ISA allowance is £10,200 in the 2010/11 tax year. Of this, up to the first £5,100 can be saved in a cash ISA with one provider. All of your allowance or the remainder can be saved in a stocks and shares ISA. The value of tax relief depends on individual circumstances. Annual limits are subject to review. The Government's favourable tax treatment of ISAs may not be maintained.
5. Gross rate - interest is payable without the deduction of income tax to non-taxpayers subject to the required certification and for investments of £50,000 or more which meet the Qualifying Time Deposit criteria (see clause 5 of the Bond Terms and Conditions for full details). Otherwise income tax will be deducted at the basic rate.

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