Savings
Savings
1.
You can filter your savings options by selecting the groups below:
2.
Account type:
ISAs
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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.
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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
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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 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
- 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
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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
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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
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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
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A rate of interest that can go up or down throughout the lifetime of the savings account.
- Interest
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The income you receive on the money that you save.
Need other terms explained? See our Savings Jargon Buster