18-Month Flexible Cash ISA

Account name

18-Month Flexible Cash ISA - Issue 52.

What is the interest rate?

Interest rates for balances of 28 November 2023.

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 18-Month term of the ISA.

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

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 18-Month Flexible Cash ISA - Issue 52. 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 can close the account or transfer-out the whole balance before the maturity date, but you’ll be charged the equivalent of 180 days’ tax-free interest based on the current balance at the time. If there isn’t enough interest (or where you've chosen to receive monthly interest payments) 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.

At the end of the 18-Month term, the 18-Month Flexible Cash ISA - Issue 52 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 18-Month Flexible Cash ISA - Issue 52 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.

For additional information, please download our 18-Month Flexible Cash ISA - Issue 52 terms and conditions. [PDF, 155KB]

The full product details [PDF, 156KB]

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