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1-Year Fixed-Rate Bond – Issue 88

Make more of your money by locking it away

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

  • 0.70% AER/gross pa 1 for balances of £500 to £1 million
  • 1-year fixed-rate term
  • No additional deposits or withdrawals
  • Open with £500 to £1 million

Summary box

Account name

1-Year Fixed-Rate Bond - Issue 88

What is the interest rate?

Interest rates for balances of £500+, effective from 1 November 2016.

Interest option

Monthly

Gross pa %

End of term

Gross pa %


AER % (all interest options)

1-year term

0.70

0.70

0.70

Interest option
1-year term

Monthly

Gross pa %

0.70

End of term

Gross pa %

0.70


AER % (all interest options)

0.70

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.

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 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

£1,007

£1,007

Deposit amount

£1,000

Monthly
(Estimated value at the end of the term)

£1,007

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

£1,007

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 resident in the UK for tax purposes

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.

Additional information

In accordance with UK tax legislation, from 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 88 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

How to apply

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

New to Barclays?

Apply in branch with proof of ID and address .

 

Already a customer?

Apply online, by phone or in branch.

Register for Online Banking

Call 0345 744 5445 3

More ways to save

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

Flexible Bond

Flexible bond

Prefer a bond with access to your money? See what our flexible bond offers.

 

Premier Flexible Bond

Premier flexible bond

If you're a Premier customer, you can access this exclusive 3-year fixed-rate bond.

 

Savings

Savings

Looking to save but with more flexibility? See our range of savings accounts.

 

Important information

1. ‘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. Lines are open Monday to Friday 8am-9pm, Saturday 9am-9.30pm and Sunday 8am-9pm. To maintain a quality service, we may monitor and record phone calls. Call charges .