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1-Year Flexible Cash ISA

Grow your ISA with a fixed rate for a fixed term and some access to your money

Make the most of your 2023/2024 ISA allowance of £20,000 and feel good about saving.

If you already bank with us, one of the quickest ways to open this account is in the Barclays app1 or Online Banking.

If you don't already bank with us, call us on 0345 744 54452 to book an appointment to open an account in a branch. Due to popularity, the next available appointment may be a few weeks away.

 

Lock in a great rate with the flexibility to grow your balance and to make some withdrawals

  • Fixed rate of 4.60% p.a. AER/tax-free3 per year
  • Grow your balance by using your annual ISA allowance to pay more in during the term
  • Make up to three withdrawals, each one of up to 10% of your current balance
  • Open and manage your account using our app, Online Banking, by phone1 or in a branch
  • Open from £1. If you want to save regularly, you can set up a standing order
  • Transfer-in your existing ISA for a limited period.
Info
Already have a cash ISA with us?

If your fixed term is ending, check what you can do next.

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Summary box

Account name

1-Year Flexible Cash ISA - Issue 55.

What is the interest rate?

Interest rates for balances of £1+, effective from 10 January 2024.

Interest option

Monthly
Tax-free% p.a.

End of term
Tax-free% p.a.

AER %


(all interest options)

1-year term

4.60

4.60

4.60

Monthly and end-of-term interest payment options are available4.

End-of-term interest is compounded annually and added to the funds deposited in your ISA when it matures.

Monthly interest can't be paid back into this ISA or directly into any other ISA or bond. It can be paid into a Barclays account in your name or held jointly with someone else, or we'll send it to you by cheque.

For terms of more than one year, the actual interest you receive at the end of the term will be higher, as it includes compounding from year-to-year.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 1-year term of the ISA.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

Deposit amount

Monthly


(Estimated value at the end of the term)

End of term


(Estimated value at the end of the term)

£1,000

£1,046.00

£1,046.00

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 subscribed to another cash ISA, or 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 - Issue 55. 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 - Issue 55 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 - Issue 55 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.

Terms and conditions

For additional information, please download

How to apply

There are different ways to apply, depending on whether or not you bank with us. You’ll need to have your National Insurance number to hand when you apply.

Already bank with us?

One of the quickest ways to open this account is in our app. Alternatively, call us on 0345 744 54452 to open by phone or to book an appointment to open in a branch.

Register for Online Banking

Get quick and convenient access to open and manage your accounts.

More ways to save

If our Flexible Cash ISA isn't what you’re looking for, take a look at some of our other savings accounts.

Instant Cash ISA

Earn tax-free interest with instant access to your whole balance

Make the most of your 2023/2024 ISA allowance of £20,000.

If you already bank with us, you can open your account in the Barclays app1 or Online Banking.

If you’d like help applying in the app, you can book a video appointment.

18-Month Flexible Bond

Lock in a great rate for a fixed term on a lump sum balance, with some access to your money

If you already bank with us, one of the quickest ways to open this account is in the Barclays app5 or Online Banking. Simply log in or register for Online Banking.

Savings accounts

Explore our full range of savings options and pick the products that are right for you.

Start saving with as little as £1 and grow your money using our instant-access savings accounts.