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2-Year Flexible Bond
Earn a fixed rate of interest on your money
If you bank with us, you could open an account online in minutes.
Simply log in or register for Online Banking
If you don't yet bank with us or prefer to talk, give us a call on 0345 744 5445 1 or visit your nearest branch.
Set your money aside for a fixed return, knowing you can still access some of it if you need to.
Summary box
Account name
2-Year Flexible Bond - Issue 49.
What is the interest rate?
Interest rates for balances of £1+, effective from 17 December 2020.
|
Interest option |
Monthly Gross p.a. % |
Annual Gross p.a. % |
End of term Gross p.a. % |
AER % (All interest options) |
|---|---|---|---|---|
|
2-Year term |
0.25 |
0.25 |
0.25 |
0.25 |
Monthly, annual and end of term interest payment options are available.
Monthly and annual interest will be paid into your nominated Barclays account (this must be in the name of one or more Flexible Bond holders) or will be paid to you by cheque.
As monthly and annual interest is paid into your nominated account, the interest does not compound in your bond.
End of term interest is paid to your bond at maturity.
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.
Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which it is accrued. So, if you choose end-of-term interest, you’ll receive all of your interest in one tax year and you could reach or exceed your Personal Savings Allowance more quickly in that tax year.
Can Barclays change the interest rate?
No, the interest rates are fixed for the 2-year term of the bond.
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) |
Annual (Estimated value at the end of the term) |
End of term (Estimated value at the end of the term) |
|---|---|---|---|
|
£1,000 |
£1,005.00 |
£1,005.00 |
£1,005.01 |
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.
Manage your account in branch, using Online Banking, our app 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 Flexible Bond, you must
- Be aged 18 or above
- Be resident in the UK
Can I withdraw money?
Yes, you can make three 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, the Barclays app 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
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 2-Year Flexible Bond - Issue 49 is a strictly limited offer, 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, please download
- Our 2-Year Flexible Bond - Issue 49 terms and conditions [PDF, 315KB].
- The full product details [PDF, 369KB]
How to apply
There are different ways to apply, depending on whether or not you bank with us.
New to Barclays?
You can apply in branch with proof of ID and your address.
Register for Online Banking
Get quick and convenient access to your accounts.
More ways to save
If our Flexible Bond isn't what you’re looking for, take a look at some of our other savings accounts.
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