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2-Year Flexible Cash ISA
Tax-free savings, with some access to your money
Make the most of your 2019/20 ISA allowance of £20,000 and feel good about saving. If you bank with us, you could pay in to an existing ISA or open a new ISA online in minutes.
If you haven’t already, you can register for Online Banking.
If you don't yet bank with us or prefer to talk, give us a call on 0345 744 5445 1 or visit your nearest branch.
Earn a fixed rate on your money, and have the flexibility to access some of your savings too. Save up to £20,000, tax-free in the 2019/2020 tax year2, which ends on 5 April.
- Fixed rate of 1.30% AER/tax-free3 p.a.
for 2 years - Make 3 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 25
What is the interest rate?
Interest rates for balances of £1+, effective from 13 February 2020.
|
Interest option |
Monthly Gross p.a. % |
End of term Gross p.a. % |
AER % (All interest options) |
|---|---|---|---|
|
2-Year term |
1.30 |
1.30 |
1.30 |
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 cannot 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 it will be sent to you by cheque.
For terms of more than one year the actual interest that 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 |
Monthly (Estimated value at the end of the term) |
End of term (Estimated value at the end of the term) |
|---|---|---|
|
£1,000 |
£1,026.00 |
£1,026.17 |
How do I open and manage my account?
You can open an account using Online Banking, the Barclays app, in branch or Telephone Banking – provided you’re registered. 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 – provided 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 2-Year Flexible Cash ISA - Issue 25. 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 180 days’ tax-free interest based on the current balance at the time. If there’s insufficient interest (or where you have 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 does not 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 – provided you're registered. At the end of the 2-Year Flexible Cash ISA - Issue 25 will convert into an instant access variable rate cash ISA.
Additional information
Tax status: Tax-free. Interest is exempt from UK Income Tax provided all ISA conditions are met.
Our 2-Year Flexible Cash ISA - Issue 25 is a strictly limited offer and may be withdrawn at any time.
This account cannot be offset against a mortgage loan we have made to you.
Terms and conditions
For additional information, download our 2-Year Flexible Cash ISA - Issue 25 terms and conditions. [PDF, 273KB]
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.
New to Barclays?
You can apply in branch with proof of ID and your address.
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 accounts.
Instant Cash ISA
Tax-free savings, with instant access to your money
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 through our range of instant-access savings accounts.