Wealth 18-Month Flexible Bond
Lock in a great rate on a lump sum balance, with some access to your money
Exclusively available to Barclays Wealth Management clients.
You can open an account online, in the Barclays app1 or through your usual contact.
- Only available to Barclays Premier customers
- Fixed rate of 4.45% AER / gross per year2,3
- Make up to three withdrawals, each one of up to 10% of your initial deposit4, 5
- Open and manage your account using our app, Online Banking1, by phone or in a branch
- Open with a lump sum deposit. No additional deposits allowed
Already have a bond with us?
If your term is ending, there are ways you can keep earning fixed interest.
Summary box
Account name
Wealth 18-Month Flexible Bond - Issue 17
What is the interest rate?
Interest rates for balances of £1+, effective from 10 January 2024
|
Interest option |
Monthly Gross p.a. % |
End of term Gross p.a. % |
AER % (All interest options) |
|---|---|---|---|
|
18-Month term |
4.45 |
4.45 |
4.45 |
Monthly and end of term interest payment options are available.
Monthly interest will be paid into your nominated Barclays account (this must be in the name of one or more Flexible Bond holders) or will be paid to you by cheque.
As monthly interest is paid into your nominated account, the interest does not compound in your bond.
End-of-term interest is paid to your bond at maturity.
For terms of more than one year, the actual interest that you receive at the end of the term will be higher, as it includes compounding from year to year.
Tax liability on interest applies in the tax year it’s paid, which may be different to the tax year(s) in which it’s accrued. This means if you choose end-of-term interest, you’ll receive all of your interest in one tax year, and could reach or exceed your Personal Savings Allowance more quickly in that tax year.
Can Barclays change the interest rate?
No, the interest rates are fixed for the 18-Month 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 |
£1,066.75 |
£1,067.74 |
How do I open and manage my account?
You can open an account online, in the Barclays app or through your usual contact. Please see the ‘Apply for your bond’ section below for more details.
You can manage your account using Online Banking, the Barclays app 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 a Wealth Management client aged 18 or above
- Be resident in the UK
To apply for a Wealth Current Account, you must have £500,000 or more in investable assets.
Already have a current account with us but meet these requirements? Upgrade to a Wealth Current Account now.
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.
You can access your funds using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.
We’ll contact you again before your bond matures to find out what you’d like to do next.
Additional information
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 Wealth 18-Month Flexible Bond - Issue 17 is a strictly limited offer exclusive to Wealth Management clients, 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, please download
- Our Wealth 18-Month Flexible Bond - Issue 17 terms and conditions [PDF, 138KB].
- The full product details [PDF, 207KB]
- Availability of the Wealth 18-Month Flexible Bond - Issue 17 is limited and can be withdrawn at any time.
How to apply
You can apply online, in the Barclays app, call us on 0800 376 79546 or through your usual contact.
More ways to save
If our Premier Flexible Bond isn't what you’re looking for, take a look at some of our other savings accounts.
Fixed-rate savings bonds
If you’re serious about saving, grow your money with a fixed rate for a fixed term and know exactly how much interest you’ll earn.
Savings accounts
Explore our full range of savings options and pick the products that are right for you.