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Premier 2-Year Flexible Cash ISA

Tax-free savings, with some access to your money

Earn a fixed rate on your money, and have the flexibility to access some of your savings too.

Save up to £20,000 tax-free in the 2022/2023 tax year.

  • Fixed rate of 1.10% AER/tax-free1 p.a. for 2 years
  • Make three free withdrawals, each one of up to 10% of your current balance
  • Open with £1 (£0 for transfers-in) to £1 million
  • Transfer-in your existing ISA for a limited period

Summary box

Account name

Premier 2-Year Flexible Cash ISA - Issue 17.

What is the interest rate?

Interest rates for balances of £1+, effective from 17 May 2022.

Interest option

Monthly

Tax-free % p.a.

End of term

Tax-free % p.a.

AER %

(All interest options)

2-year term

1.10

1.10

1.10

Monthly and end-of-term interest payment options are available2.

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 2-year term of the ISA.

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

£1,022.00

£1,022.12

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 2-Year 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

In order to subscribe to a cash ISA, you can’t have subscribed to another cash ISA or 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 2-Year Flexible Cash ISA - Issue 17. 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 2-year term, the Premier 2-Year Flexible Cash ISA - Issue 17 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 2-Year Flexible Cash ISA - Issue 17 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.

Terms and conditions

For additional information, please download

How to apply

There are different ways to apply, depending on whether or not you bank with us. If you’re eligible, you’ll need to have your National Insurance number to hand when you apply.

Already bank with us?

You can apply online, in the Barclays app, in branch or by calling 0800 9247 3653

Register for Online Banking

Get quick and convenient access to your accounts.

More ways to save

If our Premier Flexible Cash ISA isn't what you’re looking for, take a look at some of our other savings options.

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.

Welcome to Barclays Investments

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