Savings

Savings

 1.
You can filter your savings options by selecting the groups below:  


 2.
Account type: ISAs

  • Loyalty Reward ISA

    Cash ISA – Loyalty Reward ISA

    Get a better rate for longer if you have a Barclays current account or £500+ saved with Barclays.

     
    • 3.05% AER 8/3.01% tax-free pa 2 (variable) including a 12-month fixed bonus of 1.00% tax-free pa 3
    • Guaranteed to track at 2.51% above the base rate for 12 months and then continue to track at 1.51% above the base rate until March 2014 4 
    • Instant access to your cash when you need it

     

    Transfers-in from other ISAs are not allowed.

     

  • ISA saver

    ISA Saver – Issue 2

    Is an alternative way to use your annual cash ISA allowance if you are not eligible for a Loyalty Reward ISA and earn tax-free interest 2 . Only available in branch.

     
    • 2.75% AER 8/2.72% tax-free pa 2 including a 12-month fixed bonus of 1.00% tax-free pa tax-free pa 3
    • Instant access to your cash when you need it
    • Open with £1

     

    Transfers-in from other ISAs are not allowed

     

     

  • Investment ISA

    Investment ISAs

    Investment ISA – make the most of your tax benefits

    • Invest up to £10,680 in an investment ISA (also known as a stocks and shares ISA)
    • Choose from our range of ready-made portfolios or tailor your plan from a wider range of funds

     

    The value of investments and any income they produce can go down as well as up, so you could get back less than you invested. 

     

Consider these options

Foundation funds

Foundation ISA

  • Low-cost investment ISA with no initial charge (other charges apply), designed for all kinds of investors
  • Five funds to choose from

 

Loyalty Reward ISA

Loyalty Reward ISA

  • 3.05% AER 8/3.01% tax-free pa 2
  • Including a 12-month fixed bonus of 1.00% tax-free pa 3
  • Instant access

Transfers-in from other ISAs are not permitted

 

 

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 investment ISAs (also known as stocks and shares ISAs). A cash ISA is like a normal savings account but, with the added benefit of interest being tax-free. An investment ISA involves your money being invested in the stock market, which means it will rise or fall accordingly. Investments held in an investment ISA are free of UK income and capital gains tax (although, where relevant, tax is paid on any dividend income).

*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.

Need other terms explained? 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. Open from £1. Rates are variable. Interest is paid monthly on the first working day of the month. Rates include a fixed-rate introductory bonus of 1.00% tax-free pa. The bonus is payable for 12 months from the date you open your account, after which time the rates will reduce accordingly. We may withdraw the availability of Loyalty Reward ISA or ISA Saver – Issue 2, or withdraw or change the bonus offers, at anytime without notice. This would only apply to new accounts opened from that time.
 
4. 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. Online and telephone access is only available to Barclays current account holders who are registered for Barclays Online and Telephone Banking. You will need a Barclays current account and your debit card to register for Barclays Online Banking.
 
5. Gross rate: Interest is payable without the deduction of income tax to non-taxpayers subject to the required certification and for Fixed Rate Savings Bonds £50,000 or more, opened on or before 5th April 2012, which meet the Qualifying Time Deposit criteria (see clause 5 of the Savings Bond Terms and Conditions for full details). Otherwise, income tax will be deducted at the basic rate. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
 
6. We may withdraw or change the bonus offer at any time without notice. This would only apply to new accounts opened from that time.
 
7. Rates shown are for 18 Month Flexible Bond Issue 10 and interest paid end of term. Monthly interest option also available for the 18 month term. Rates are fixed for the term, although withdrawals could take the balance into a lower tier. 
 
8. AER Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

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