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Wealth 2-Year Flexible Bond

An exclusive savings bond for you as a Wealth Management client

Earn a fixed rate on your money with the flexibility to access some of it too.

  • 0.45% gross p.a./AER for 2 years for balances of £1 to £1 million1,2
  • Up to 3 free withdrawals online, or over the phone3, each up to 10% of your initial deposit4.

Summary box

Account name

Wealth 2-Year Flexible Bond - Issue 1

What is the interest rate?

Interest rates for balances of £1+, effective from 18 August 2020

Interest option

Monthly

Gross p.a. %

Annual

Gross p.a. %

End of term

Gross p.a. %

AER %

(All interest options)

2-Year term

0.45

0.45

0.45

0.45

Monthly, annual and end-of-term interest payment options are available.

  • Monthly and annual interest will be paid away to your nominated Barclays account, (this must be in the name of one or more Flexible Bond holders) or will be paid to you by cheque.
  • As monthly and annual Interest is paid away to your nominated account, the interest does not compound in your bond.

End-of-term interest is paid to your bond at maturity.

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.

Tax liability on interest applies in the tax year it’s paid, which may be different to the tax year(s) in which it’s accrued. This means if you choose end-of-term interest, you’ll receive all of your interest in one tax year, and could reach or exceed your Personal Savings Allowance more quickly in that tax year.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 2-year term of the bond.

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)

Annual

(Estimated value at the end of the term)

End of term

(Estimated value at the end of the term)

£1,000

£1,009.00

£1,009.00

£1,009.02

How do I open and manage my account?

You can open an account through your usual contact. Please see the ‘Apply for your bond’ section below for more details.

You can manage your account using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

You can open this bond with £1 – the maximum balance is £1 million.

Eligibility

To apply for this bond, you must

  • Be a Wealth Management client aged 18 or above
  • Be resident in the UK for tax purposes

To apply for a Wealth Current Account, you must have £500,000 or more in investable assets.

Already have a current account with us but meet these requirements? Upgrade to a Wealth Current Account now.

Can I withdraw money?

You can make 3 withdrawals during the term of the bond. The maximum value per withdrawal is 10% of your initial investment into the bond.

You can access your funds using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

We’ll contact you again before your bond matures to find out what you’d like to do next.

Additional information

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance – for information and guidance please refer to HMRC’s website. It’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

Our Wealth 2-Year Flexible Bond - Issue 1 is a strictly limited offer exclusive to Wealth Management clients, and may be withdrawn at any time.

Additional deposits are not allowed at any time during the term of the Bond, although a bond holder may acquire additional bonds, subject to availability.

Terms and conditions

For additional information, please download

  • Our Wealth 2-Year Flexible Bond – Issue 1 terms and conditions [PDF, 188KB].
  • The full product details [PDF, 342KB]
  • Availability of the Wealth 2-Year Flexible Bond – Issue 1 is limited and can be withdrawn at any time.

How to apply

Over the phone

You can call us on 0800 376 79545 or through your usual contact.

More ways to save

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

Wealth 2-Year Flexible Cash ISA

Make the most of your 2020/2021 tax-free ISA allowance of £20,000.

An exclusive ISA for you as a Wealth Management client.

Open with £1 (£0 for transfers-in) to £1 million.

Earn a fixed rate on your money with the flexibility to access some of it too.

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.