Loyalty Reward ISA Interest Rates

Current interest rates

This account is no longer available to new customers. Monthly interest (for accounts opened from 7 December 2012 to 24 February 2013 inclusive)

Balance	Tax-free rate pa%	AER%
£1+	2.26	2.28

 

The rate quoted above includes an introductory bonus of 0.25% tax-free pa. The bonus is payable for 12 months from the date the account was opened, after which point the rate will reduce accordingly. We may withdraw the availability of Loyalty Reward ISA, or withdraw or change the bonus offer, at any time without notice. This would only apply to new accounts opened from that time.

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

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 your personal circumstances.

The interest rate is variable. Interest is paid monthly on the first working day of the month.

Until 31 March 2014, the interest rate on a Loyalty Reward ISA will be a ‘Barclays tracker rate’, and after that date it will convert to a ‘Barclays managed rate’. For the first 12 months after you open the account, the interest rate will track at a margin of 1.76% over the Bank of England Bank Rate, and this rate includes a fixed bonus of 0.25% pa for those 12 months. After this, until 31 March 2014, the interest rate will track at a margin of 1.51% over the Bank of England Bank Rate. Any changes in the Bank Rate (either up or down) will be passed on no later than 30 days after the Bank of England announcement. Condition 13 of the Retail Customer Agreement explains what we mean by ‘Barclays tracker rate’ and ‘Barclays managed rate’, and how changes can be made to those rates.

 

Monthly interest (for accounts opened from 24th September 2012 to 6th December 2012 inclusive)

Balance	Tax-free rate pa%	AER%
£1+	2.61	2.64

 

The rate quoted above includes an introductory bonus of 0.60% tax-free pa. The bonus is payable for 12 months from the date the account was opened, after which point the rate will reduce accordingly. We may withdraw the availability of Loyalty Reward ISA, or withdraw or change the bonus offer, at any time without notice. This would only apply to new accounts opened from that time.

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

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 your personal circumstances.

The interest rate is variable. Interest is paid monthly on the first working day of the month.

Until 31 March 2014, the interest rate on a Loyalty Reward ISA will be a ‘Barclays tracker rate’, and after that date it will convert to a ‘Barclays managed rate’. For the first 12 months after you open the account, the interest rate will track at a margin of 2.11% over the Bank of England Bank Rate, and this rate includes a fixed bonus of 0.60% pa for those 12 months. After this, until 31 March 2014, the interest rate will track at a margin of 1.51% over the Bank of England Bank Rate. Any changes in the Bank Rate (either up or down) will be passed on no later than 30 days after the Bank of England announcement. Condition 13 of the Retail Customer Agreement explains what we mean by ‘Barclays tracker rate’ and ‘Barclays managed rate’, and how changes can be made to those rates.

 

Monthly interest (For accounts opened up to 23 September 2012 inclusive)

Balance	Tax-free rate pa%	AER%
£1+	3.01	3.05

 

The rate quoted above includes an introductory bonus of 1.00% tax-free pa. The bonus is payable for 12 months from the date the account was opened, after which point the rate will reduce accordingly. We may withdraw the availability of Loyalty Reward ISA, or withdraw or change the bonus offer, at any time without notice. This would only apply to new accounts opened from that time.

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

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 your personal circumstances.

The interest rate is variable. Interest is paid monthly on the first working day of the month.

Until 31 March 2014, the interest rate on a Loyalty Reward ISA will be a ‘Barclays tracker rate’, and after that date it will convert to a ‘Barclays managed rate’. For the first 12 months after you open the account, the interest rate will track at a margin of 2.51% over the Bank of England Bank Rate, and this rate includes a fixed bonus of 1.00% pa for those 12 months. After this, until 31 March 2014, the interest rate will track at a margin of 1.51% over the Bank of England Bank Rate. Any changes in the Bank Rate (either up or down) will be passed on no later than 30 days after the Bank of England announcement. Condition 13 of the Retail Customer Agreement explains what we mean by ‘Barclays tracker rate’ and ‘Barclays managed rate’, and how changes can be made to those rates.