Future Saver

Interest rates for our Future Saver account

Get account information, plus current and previous interest rates.

This account is no longer available for new customers.

Current interest rates

Rates effective from

Balance

Gross rate per year %

AER%

1 December 2017 – present

£1+

1.50

1.51

This account is only available for Premier Flexible Savings Plan - Issue 1 to 5 and offers an interest rate linked to the Bank of England Bank Rate. The interest rate tracks at a margin of 1% above the Bank of England Bank Rate.

Any rises or falls in the Bank of England Base Rate will be passed on no later than 30 days after the relevant Bank of England announcement. The Retail Customer Agreement explains what we mean by ‘Barclays tracker rate’ and how changes can be made to that rate.

The interest rate guarantee on Future Saver Issue 1 will come to an end on 2 April 2018. The interest rate will no longer track changes in the Bank of England Bank Rate, but will instead become a ‘Barclays managed rate’, which will be set by us. The Retail Customer Agreement explains what we mean by ‘Barclays managed rate’ and how changes can be made to that rate. Rate effective from 3 April 2018 and is variable. Interest is calculated daily using the statement balance and is paid monthly on the first working day of the month.

Balance

Gross rate p.a. %

AER %

£1+

1.00

1.00

Previous interest rates

Rates effective from

Balance

Gross rate per year %

AER%

1 September 2016 - 30 November 2017

£1+

1.25

1.26

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.

You can download these terms and conditions, which relate to the Future Saver account. These are in addition to the general conditions of your Customer Agreement with us.

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