Junior BarclayPlus
This account is no longer available to new customers.
Current interest rates
Rates effective from |
Balance |
Gross per year % |
AER % |
---|---|---|---|
28 July 2020 |
£1+ |
1.50 |
1.51 |
|
£10,000+ |
0.01 |
0.01 |
Interest rates on the Junior BarclayPlus account are banded. This means you’ll earn 1.50% interest on the first £10,000 of your balance, and 0.01% on your additional balance over £10,000
Previous interest rates
Rates effective from |
Balance |
Gross rate per year % |
AER % |
---|---|---|---|
1 October 2019 - 27 July 2020 |
£1+ |
2.00 |
2.02 |
|
£10,000+ |
0.30 |
0.30 |
Further information
Interest rate: |
Rates are variable. Interest is calculated daily using the cleared balance and is paid quarterly on or around 13 March, 13 June, 13 September and 6 December each year. Interest rates on the Junior BarclayPlus account are banded. This means you’ll earn the higher rate of interest on the first £10,000 of your balance, and the lower rate on the additional balance over £10,000. |
Gross: |
The rate of interest payable without tax taken off. |
Tax: |
Interest is paid gross. Children are entitled to income tax allowances and the Personal Savings Allowance (PSA) in the same way as adults. If a child is liable to pay tax, any tax due on interest earned will need to be 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. |
Read 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.