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Junior BarclayPlus

This account is no longer available to new customers.

Current interest rates

Rates effective from

Balance Gross rate pa% AER%

1 June 2009 - present

£1+

0.25

0.25

£1,000+

0.75

0.75

Rates effective from

1 June 2009 - present

Balance

£1+

Gross rate pa%

0.25

AER%

0.25

Rates effective from

Balance

£1,000+

Gross rate pa%

0.75

AER%

0.75

For information on previous rates on this account, please see the previous interest rates below.

Previous interest rates

Rates effective from

Balance Gross rate pa% Net rate pa% AER%

2 March 2009 - 31 May 2009

£1+

0.50

0.40

0.50

£1,000+

1.00

0.80

1.00

Rates effective from

2 March 2009 - 31 May 2009

Balance

£1+

Gross rate pa%

0.50

Net rate pa%

0.40

AER%

0.50

Rates effective from

Balance

£1,000+

Gross rate pa%

1.00

Net rate pa%

0.80

AER%

1.00

 

 

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is paid quarterly in March, June, September and December.

Gross:

The rate of interest payable without tax taken off.

Tax:

Interest is paid gross. Children are entitled to income tax allowances and the Personal Savings Allowance (PSA) in the same way as adults. If a child is liable to pay tax, any tax due on interest earned will need to be paid to the appropriate tax authority.

For further information & guidance, please refer to HMRC’s website

Please note that if a parent gifts money to a child that produces more than £100 gross interest in a tax year, the income is normally taxed as belonging to the adult.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Read 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.