Premier Flexible Cash ISA

The 2018/19 tax year is here. Make the most of your new £20,000 tax-free allowance

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 2018/2019 tax year1, which ends on 5 April.

  • Fixed rate of 1.40% AER/tax-free p.a.2 for 2 years
  • Make 3 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

2-Year Premier Flexible Cash ISA – Issue 4.

What is the interest rate?

Interest rates for balances of £1+, effective from 22 February 2018.

Interest option

Monthly
Tax-free% p.a.

End of term
Tax-free% p.a.

AER %
(all interest options)

2-year term

1.40

1.40

1.40

Monthly and end-of-term interest payment options are available3.

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

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

Can we 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?

Estimated value at the end of term

Estimated value at the end of term

Deposit amount

Monthly

End of term

£1,000

£1,028.00

£1,028.20

How do I open and manage my account?

You can open an account 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, 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, Barclays Mobile Banking or Telephone Banking – provided you’re registered.

Eligibility

To apply for our 2-Year Premier 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
  • Have a National Insurance number

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.

To apply, you must also 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

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 3 withdrawals during the term of the 2-Year Premier Flexible Cash ISA – Issue 4. 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 may close the account or transfer-out the whole balance before the maturity date. This will result in a charge equivalent to 180 days’ tax-free interest based on the current balance at the time. If there’s insufficient interest (or where you have 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 does not 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 2-Year Premier Flexible Cash ISA - Issue 4 will convert into an instant access variable rate cash ISA.

Additional information

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

Our 2-Year Premier Flexible Cash ISA – Issue 4 is a strictly limited offer and may be withdrawn at any time.

This account cannot be offset against a mortgage loan we have made to you.

Terms and conditions

For additional information, download our 2 -Year Premier Flexible Cash ISA - Issue 4 terms and conditions.

How to apply

If you’re eligible, you’ll need to have your National Insurance number to hand.

Visit a branch

Come along to a branch and apply in person.

Over the phone

Call us on 0800 9247 365 4.

More ways to save

If the 2-Year Premier Flexible Cash ISA isn't what you’re looking for, we have other options for you to consider.

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.

Instant cash ISAs

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

Savings accounts

From new shoes to new arrivals, we’ve all got something to save for.