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.
You can open this ISA with £0 if it’s being funded by an ISA Transfer-in (ISA Transfer-in requests must be received within 30 calendar days from the date of account opening), otherwise the minimum deposit is £1. The maximum is £1 million.
You can access your funds and manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – as long as you’re registered. Deposits up to the annual ISA subscription limit each tax year may be made throughout the term of the Flexible Cash ISA.
Eligibility
To apply for this cash ISA, you must
- Be aged 18 or above
- Be resident in the UK for tax purposes
- Open this ISA for yourself
In order to subscribe to a cash ISA, you can’t have used your total annual ISA allowance in any combination of permitted ISAs during the same tax year.
Can I withdraw money?
Yes, you can make three withdrawals during the term of the 1-Year Flexible Cash ISA. The maximum value per withdrawal on this cash ISA is 10% of your balance at the time the withdrawal is made.
If you need to, you may close the account or transfer out the whole balance before the maturity date. This will result in a charge equivalent to 90 days’ tax-free interest based on the current balance at the time. If there’s insufficient interest (or where you've chosen the monthly interest payment frequency option) to cover the charge, we’ll take it from your account, so you may get back less than you deposited. The charge doesn't apply if your account is closed during the cancellation period, or due to death or bankruptcy.
You can manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – as long as you're registered. At the end of the 1-year term the 1-Year Flexible Cash ISA will convert into an instant access variable rate cash ISA.
Additional information
Money withdrawn from your Flexible Cash ISA and put back into the account within the same tax year doesn’t count towards your annual ISA allowance.
Tax status: Tax-free. Interest is exempt from UK Income Tax provided all ISA conditions are met.
Our 1-Year Flexible Cash ISA is a strictly limited offer and may be withdrawn at any time.
This account cannot be offset against a mortgage loan we've made to you.