2-Year Flexible Bond

Account name
2-Year Flexible Bond - Issue 38.

What is the interest rate?
Interest rates for balances of £1+, effective from 1 August 2018.

Monthly, annual and end of term interest payment options are available – monthly and annual interest will be paid into your Barclays account (this must be in the name of one or more bond holders) or will be paid to you by cheque.

If you choose end of term interest, you’ll receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year.

Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.

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?

How do I open and manage my account?

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

You can open this bond with £1 – the maximum balance is £1 million. 

Eligibility

To apply for our 2-Year Flexible Bond - Issue 38, you must

• Be aged 18 or above
• Be resident in the UK for tax purposes

Can I withdraw money?

Yes, you can make 3 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, Barclays Mobile Banking 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 

In accordance with UK tax legislation, from the 6 April 2016, interest is paid gross. 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Our 2-Year Flexible Bond - Issue 38 is a strictly limited offer, and may be withdrawn at any time.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.

For additional information, download our 2-Year Flexible Bond - Issue 38 terms and conditions.