1-Year Fixed-Rate Bond

Make more of your money by locking it away

If you bank with us, you could open an account online in minutes.

If you can set aside your money without access to it, you'll earn a fixed rate of interest on your savings.

  • 0.55% AER/gross per year1 for balances of £500 to £1 million
  • 1-year fixed-rate term, with no additional deposits or withdrawals
  • You can open with a minimum of £500, and a maximum of £1 million 

Summary box

Account name
1-Year Fixed-Rate Bond - Issue 89

What is the interest rate?
Interest rates for balances of £500+, effective from 13 December 2016.

Interest option

Monthly
Gross per year %

End of term
Gross per year %

AER % (all interest options)

Gross per year %

Gross per year %

1-year term

0.55

0.55

0.55

Monthly and end of term interest payment options are available – monthly 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.2

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 rate is fixed for the 1-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)

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

£1,000

£1,005.50

£1,005.50

How do I open and manage my account?

You can open an account online, in branch or over the phone. Please see the ‘How to apply’ 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 an account with £500 to £1 million.

Eligibility

To apply for this bond, you must

  • Be aged 18 or above
  • Be a tax resident in the UK

Can I withdraw money?

No, withdrawals or transfers to other accounts are not allowed during the term of the bond. You can open additional bonds if they are available.

We’ll contact you again before your bond matures to find out what you’d like to do next.

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 1-Year Fixed-Rate Bond - Issue 89 is a strictly limited offer 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 1-Year Fixed-Rate Bond - Issue 89 terms and conditions

 

How to apply

There are different ways to apply, depending on whether or not you bank with us.

Register for Online Banking

Get quick and convenient access to your accounts.

More ways to save

If this bond isn't what you’re looking for, we have other options for you to consider.

2-Year Flexible Bond

Earn a fixed rate of interest on your money

Set your money aside for a fixed return, knowing you can still access some of it if you need to.

Premier 2 Year Flexible Bond

An exclusive savings bond for you as a Premier customer

Earn a fixed rate on your money with the flexibility to access some of it too.

Instant-access savings

You could make your money grow through our current range of savings accounts

Start savings with as little as £1 through our range of instant-access savings accounts.