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Premier ISA

2-Year Premier Flexible Cash ISA - Issue 2

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 2017/2018 tax year1.

  • Fixed rate of 0.90% AER/tax-free pa2 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 2

What is the interest rate?

Interest rates for balances of £1+, effective from 7 March 2017.

Interest option

Monthly

Gross pa %

End of term

Gross pa %


AER % (all interest options)

2-year term

0.90

0.90

0.90

Interest option

2-year term

Monthly

Gross pa %

0.90

End of term

Gross pa %

0.90


AER % (all interest options)

0.90

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 a Barclays account in your name or held jointly with someone else, or it will be sent to you by cheque.

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

£1,018

£1,018.08

Deposit amount

£1,000

Monthly
(Estimated value at the end of the term)

£1,018

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

£1,018.08

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.

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

To subscribe to a cash ISA, you can’t have subscribed to another cash ISA or used your total annual ISA allowance in a stocks and shares ISA and/or an innovative finance ISA, during the same tax year. 

Not yet a Premier customer?

To apply, 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

If you already have a current account with us and meet these requirements, you can 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 2. 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.

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. At the end of the 2-year term, the Premier Flexible Cash ISA - Issue 2 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 2 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

How to apply

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

In branch

You can apply in branch

 

 

 

 

Over the phone

Give us a call 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.

Instant Cash ISA

Premier Flexible Bond

If you're a Premier customer, you can access this exclusive 2-year fixed-rate bond.

Help to Buy ISA

Instant cash ISAs

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

 

Savings

Savings

You could make your money grow through our current range of savings accounts.

 

Important information

1. Your ISA allowance for the 2017/2018 tax year is £20,000. Annual allowances are subject to review and the government’s favourable treatment of ISAs may change.

2. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free indicates that interest is exempt from UK income tax, provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.

3. If you choose monthly interest, this will be paid to you each month and not added to your cash ISA balance. If you choose end-of-term interest, this will be compounded and added to your balance at maturity.

4. To maintain a quality service, we may monitor or record calls. Call charges