Wealth 18-Month Flexible Bond
Lock in a great rate on a lump sum balance, with some access to your money
Exclusively available to Barclays Wealth Management clients.
You can open an account online, in the Barclays app5 or through your usual contact.
Wealth 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 2024-25 ISA allowance of £20,000 and feel good about saving.
Exclusively available to Barclays Wealth Management clients.
You can open an account in the Barclays app1 or through your usual contact.
Lock in a great rate with the flexibility to grow your balance and to make some withdrawals.
- Only available to Barclays Wealth Management clients
- Fixed rate of 3.95% AER/tax-free2 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, by phone or through your usual contact
- 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.
Already have a cash ISA with us?
If your fixed term is ending, check what you can do next.
Summary box
Account name
Wealth 1-Year Flexible Cash ISA – Issue 37
What is the interest rate?
Interest rates for balances of £1+, effective from 13 November 2024.
|
Interest option |
Monthly Tax-free% p.a. |
End of term Tax-free% p.a. |
AER % (all interest options) |
|---|---|---|---|
|
1-Year term |
3.95 |
3.95 |
3.95 |
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 an account with us 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 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 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 term) |
End of Term (Estimated value at the end of term) |
|---|---|---|
|
£1,000 |
£1,039.50 |
£1,039.50 |
How do I open and manage my account?
You can open an account online, in the Barclays app or through your usual contact. 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 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 our Wealth 1-Year Flexible Cash ISA, you must
- Be a Wealth Management client 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.
To apply for a Wealth Current Account, you must have £500,000 or more in investable assets.
Already have a current account with us and meet these requirements? Upgrade to a Wealth Current Account now.
Can I withdraw money?
Yes, you can make three withdrawals during the term of the Wealth 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.
At the end of the 1-year term, the Wealth 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 Wealth 1-Year Flexible Cash ISA is a strictly limited offer and may be withdrawn at any time.
This account can't be offset against a mortgage loan we've made to you.
Terms and conditions
For additional information, please download
- Our Wealth 1-Year Flexible Cash ISA terms and conditions. [PDF, 374KB]
- The full product details [PDF, 147KB]
How to apply
If you’re eligible, you’ll need to have your National Insurance number to hand.
You can apply online, in the Barclays app, call us on 0800 376 79544 or through your usual contact.
More ways to save
If our Flexible Wealth Cash ISA isn't what you’re looking for, take a look at some of our other savings accounts.
Bonds
Put your money away for a fixed rate of return. With one of our bonds, you’ll know exactly how much interest it’ll earn.
Savings accounts
You could make your money grow with our range of easy-access savings accounts.