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Premier 18 Month 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.

  • Fixed rate of 0.85% gross p.a./AER for 18 months for balances of £1 to £1 million1 2
  • Access to up to 30% of your opening balance
  • Withdraw money online, in branch or over the phone

Summary box

Account name

Premier 18 month Flexible Bond - Issue 23

What is the interest rate?

Interest rates for balances of £1+, effective from 4 September 2019.

Interest option

Interest option

Monthly
Gross pa %

End of term
Gross pa %

AER %
(all interest options)

18 month term

0.85

0.85

0.85

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 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

Deposit amount

Monthly
(Estimated value at the end of the term)

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

£1,000

£1,012.75

£1,012.79

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 a Premier Current Account holder 
  • Be aged 18 or above
  • Be resident in the UK for tax purposes

To apply for a Premier Current Account, you must 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.

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 and manage your account in branch, or using Online Banking, Barclays Mobile Banking 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

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 18 Month Flexible Bond - Issue 23 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 Premier 18 Month Flexible Bond - Issue 23 terms and conditions.

Availability of the Premier 18 Month Flexible Bond - Issue 23 is limited and can be withdrawn at any time.

How to apply 

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Over the phone

Call us on 0800 9247 365 

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Visit a branch

Come along to a branch and apply in person.

More ways to save

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

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Bonds

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

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