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Premier Savings

2 Year Premier Flexible Bond – Issue 11

An exclusive savings bond for you as a Premier customer.

A fixed rate of return

  • 0.80% AER/gross pa for balances of £1 to £1 million 1 2
  • Access to up to 30% of your opening balance
  • Withdraw money online, in branch or over the phone

Summary box

Account name

2 Year Premier Flexible Bond - Issue 11

What is the interest rate?

Interest rates for balances of £1+, effective from 13 December 2016.

Interest option

Monthly
Gross pa %

Annual
Gross pa %

End of term

Gross pa %

AER %
(all interest options)

2-year term

0.80

0.80

0.80

0.80

Interest option

2-year term

Monthly
Gross pa %

0.80

Annual
Gross pa %

0.80

End of term

Gross pa %

0.80

AER %
(all interest options)

0.80

Monthly, annual and end of term interest payment options are available – monthly and annual interest will be paid into your Barclays account (this must be in the name of one or more bond holders) or will be paid to you by cheque.

If you choose end of term interest, you’ll receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year.

Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 2-year term of the bond.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

Deposit amount

Monthly
(Estimated value at the end of the term)

Annual
(Estimated value at the end of the term)

End of Term
(Estimated value at the end of the term)

£1,000

£1,016

£1,016

£1,016.06

Deposit amount

£1,000

Monthly
(Estimated value at the end of the term)

£1,016

Annual
(Estimated value at the end of the term)

£1,016

End of Term
(Estimated value at the end of the term)

£1,016.06

How do I open and manage my account?

You can open an account in branch or over the phone. Please see the ‘Apply for your bond’ section below for more details.

You can manage your account in branch, or using Online Banking, Barclays Mobile Banking or Telephone Banking – provided you’re registered.

You can open this bond with £1 – the maximum balance is £1 million.

Eligibility

To apply for this bond, you must:

  • Be aged 18 or above
  • Be resident in the UK for tax purposes

Can I withdraw money?

You can make 3 withdrawals during the term of the bond. The maximum value per withdrawal is 10% of your initial investment into the bond.

Additional information

In accordance with UK tax legislation, from the 6 April 2016, interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance – for information and guidance please refer to HMRC's website . It’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority. 

Our Premier Flexible Bond 2 Year - Issue 11 is a strictly limited offer exclusive to Premier Banking customers, and may be withdrawn at any time.

Additional deposits are not allowed at any time during the term of the Bond, although a bond holder may acquire additional bonds subject to availability.

Terms and conditions

For additional information, download our 2 Year Premier Flexible Bond - Issue 11 terms and conditions 690 KB .

To apply, you must also have:

An annual gross income paid into a Barclays current account of £75,000 or more

Or

£100,000 or more saved or invested with us

Already got a current account with us but meet these requirements? Upgrade to a Premier Current Account now .

Apply for your bond

If you’re eligible and would like to apply, you have 2 options.

Over the phone

Give us a call on 0800 9247 365 3

 

In Branch

Come and talk to us. Find your nearest branch

These may also be of interest

If you don’t think this bond is right for you, we have other options for you to consider.

Bonds

Happy to lock away your money, but want different access options?

 

Savings

Looking to save but with more flexibility? See all we have to offer.

 

Important information

  1. Rates shown are when interest is paid at the end of term. Interest can also be paid monthly or annually. If you choose end of term interest, you will receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year. If your bond has tiered interest rates then withdrawals may take you into a lower tier. Open from £1 to £1 million – no additional deposits are allowed.
  2. ‘Gross’ is the rate payable without tax taken off. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.
  3. To maintain a quality service, we may monitor and record phone calls. Call charges