2-Year Flexible Cash ISA

Tax-free savings, with some access to your money

Make the most of your 2022/2023 ISA allowance of £20,000 and feel good about saving. If you bank with us, you could pay in to your existing ISA or open a new one online in minutes.

If you haven’t already, you can register for Online Banking.

If you don't already bank with us or you'd prefer to talk to someone, give us a call on 0345 744 5445 1 or visit a branch.

Earn a fixed rate on your money, and have the flexibility to access some of your savings too.

  • Fixed rate of 1.40% p.a. AER/tax-free2 for 2 years
  • Make three free withdrawals, each one of up to 10% of your current balance
  • Open with £1 (£0 for transfers-in) to £1 million
  • Transfer-in your existing ISA for a limited period

Summary box

Account name

2-Year Flexible Cash ISA - Issue 32.

What is the interest rate?

Interest rates for balances of £1+, effective from 15 June 2022.

Interest option

Monthly Tax-free % p.a.

End of term Tax-free % p.a.


(All interest options)

2-year term




Monthly and end-of-term interest payment options are available3.

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 2-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


(Estimated value at the end of the term)

End of term

(Estimated value at the end of the term)




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.


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 2-Year Flexible Cash ISA - Issue 32. 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 2-year term, the 2-Year Flexible Cash ISA - Issue 32 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 2-Year Flexible Cash ISA - Issue 32 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 our 2-Year Flexible Cash ISA - Issue 32 terms and conditions. [PDF, 155KB]

The full product details [PDF, 200KB]

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?

You can apply online, in the Barclays app, in branch or by calling 0345 744 5445 1

Register for Online Banking

Get quick and convenient access to 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 options.

Instant Cash ISA

Tax-free savings, with instant access to your money

Make the most of your 2022/2023 ISA allowance of £20,000. If you bank with us, you could pay in or open a new ISA online in minutes.

2-Year Flexible Bond

Earn a fixed rate of interest on your money

If you bank with us, you could open an account online in minutes.

Our savings accounts

You could make your money grow through our current range of savings accounts

Start saving with as little as £1, and make your money grow through our range of instant-access savings accounts.