Premier 18-Month Flexible Cash ISA

Account name

Premier 18-Month Flexible Cash ISA - Issue 51.

What is the interest rate?

Interest rates for balances of £1+, effective from 13 November 2024.

Monthly and end-of-term interest payment options are available⁴.

End-of-term interest is compounded annually and added to the funds deposited in your ISA when it matures.

Monthly interest can't be paid back into this ISA or directly into any other ISA or bond. It can be paid into an account with us in your name, or held jointly with someone else, or we can send it to you by cheque.

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.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 18-Month term of the ISA.

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

How do I open and manage my account?

You can open an account online, in the Barclays app, in branch or over the phone. Please see the ‘How to apply’ section below for more details.

You can open this ISA with £0 if it’s being funded by an ISA transfer-in (ISA transfer-in requests must be received within 30 calendar days from the date of account opening), otherwise the minimum deposit is £1. The maximum is £1 million.

You can access your funds and manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – as long as you’re registered. Deposits up to the annual ISA subscription limit each tax year may be made throughout the term of the Flexible Cash ISA.

Eligibility

To apply for our Premier 18-Month Flexible Cash ISA, you must

• Be a Premier customer aged 18 or above
• Be resident in the UK for tax purposes
• Open this ISA for yourself

You’ll also need to have

• An annual gross income paid into a current account with us of £75,000 or more; or
• £100,000 or more saved or invested with us
• Have a total balance of at least £100,000 in savings with us, eligible investments – or a mix of both (*)

*Eligible investments are Investment ISAs, SIPPs or General Investment Accounts held through Smart Investor or Barclays Investment Solutions Limited

In order to subscribe to a cash ISA, you can’t have used your total annual ISA allowance in any combination of permitted ISAs during the same tax year.

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

Can I withdraw money?

Yes, you can make three withdrawals during the term of the Premier 18-Month Flexible Cash ISA. The maximum value per withdrawal on this cash ISA is 10% of your balance at the time the withdrawal is made.

If you need to, you can close the account or transfer-out the whole balance before the maturity date, but you’ll be charged the equivalent of 180 days’ tax-free interest based on the current balance at the time. If there isn’t enough interest (or where you've chosen the monthly interest payment frequency option) to cover the charge, we’ll take it from your account, so you may get back less than you deposited. The charge doesn't apply if your account is closed during the cancellation period, or due to death or bankruptcy.

At the end of the 18-Month term, the Premier 18-Month Flexible Cash ISA will convert into an instant-access variable-rate cash ISA.

Additional information

Money withdrawn from your Flexible Cash ISA and put back into the account within the same tax year doesn’t count towards your annual ISA allowance.

Tax status: tax-free. Interest is exempt from UK Income Tax provided all ISA conditions are met.

Our Premier 18-Month Flexible Cash ISA is a strictly limited offer and may be withdrawn at any time.

This account can't be offset against a mortgage loan we've made to you.

For additional information, please download

• Our Premier 18-Month Flexible Cash ISA terms and conditions [PDF, 155KB]
• The full product details [PDF, 133KB]