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Cash Save Scheme

Interest rates for our Cash Save Scheme

Account information, plus current and previous interest rates.

This account is only available through a corporate savings scheme.

 

Current interest rates

Rates effective from:

Balance

Gross rate per year %

AER%

3 September 2018 - present

£1+

0.25

0.25

For information on previous rates on this account, please see the previous interest rate section below.

You can make withdrawals from your account or close it at any time without notice. However, you should check your employer’s corporate savings scheme rules carefully before doing so.

At the end of the term, your Cash Save Scheme account will convert automatically to one of our instant-access savings account. We’ll confirm these details with you at the time your account converts.

Previous interest rates

Rates effective from:

Balance

Gross rate per year %

AER%

1 December 2017 – 2 September 2018

£1+

0.20

0.20

You can make withdrawals from, or close your account at any time without notice. However, you should check your employer’s corporate savings scheme rules carefully before doing so.

At the end of the term, your Cash Save Scheme account will convert automatically to a Barclays instant-access savings account. We'll confirm these details with you at the time your account converts.

Further Information

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month.

Gross:

The rate of interest payable without tax taken off.

Tax:

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 the HMRC website.

Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

For additional information, download our Cash Save Scheme terms and conditions. They are in addition to the general conditions of your Customer Agreement with us.

Read important information about our interest rates, the Financial Service Compensation Scheme and your cancellations rights.