Barclays ISA
Already Have an ISA with Us?
Maximize your 2024/25 tax-free ISA allowance. You can pay into your existing cash ISA or open a new one today.
Important Changes:
- From 6 April 2024, you can pay into more than one cash ISA in the same tax year.
- Currently, with Barclays, you can only pay into one cash ISA per tax year.
- You can still open and pay into cash ISAs with different providers, provided the total contributions do not exceed £20,000.
Options:
- Add Money to Your ISA
- Transfer-In an ISA
Want to Apply for a New Cash ISA?
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Barclays offers a range of variable and fixed-rate cash ISAs to suit your needs. When applying, you’ll have the option to transfer in an existing ISA.
Variable Rate ISA
Instant Cash ISA - Issue 1
Interest Rates:
| Balance | Gross per year % | AER % |
|---|---|---|
| £1 - £10,000 | 1.65% | 1.66% |
| £10,000+ | 1.20% | 1.21% |
Interest rates are banded, meaning you earn the higher rate on the first £10,000 and the lower rate on the balance above £10,000.
Features and Benefits:
- Interest paid tax-free with instant access.
- Transfers in allowed.
Save up to £20,000 tax-free in the 2024/2025 tax year.
Add Money to Your ISA | Transfer-In an ISA
Fixed Rate Cash ISAs
1-Year Term Int Flexible Cash ISA - Issue 57
- Term: 1 year
- AER: 4.40%
- Min Balance: £0
- Transfers In: Yes
- Interest Paid: End of Term
Find out more
1-Year Monthly Int Flexible Cash ISA - Issue 57
- Term: 1 year
- AER: 4.40%
- Min Balance: £0
- Transfers In: Yes
- Interest Paid: Monthly
Find out more
2-Year Term Int Flexible Cash ISA - Issue 58
- Term: 2 years
- AER: 4.15%
- Min Balance: £0
- Transfers In: Yes
- Interest Paid: End of Term
Find out more
2-Year Monthly Int Flexible Cash ISA - Issue 58
- Term: 2 years
- AER: 4.15%
- Min Balance: £0
- Transfers In: Yes
- Interest Paid: Monthly
Find out more
Additional Features for Fixed Rate Cash ISAs:
- Rates are fixed.
- Make 3 withdrawals during the term of up to 10% of the balance each time.
- Transfer in funds from other ISAs within 30 days of opening your account.
- Monthly interest cannot be paid back into this ISA or any other ISA held with Barclays.
- End of Term interest is compounded annually and paid into your ISA upon maturity.
Important Information
AER (Annual Equivalent Rate): Illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax-Free: Interest is exempt from UK income tax, provided all ISA conditions are met. Tax rules may change, and the value of tax relief depends on your personal circumstances.
- Your ISA allowance for the 2024/2025 tax year is £20,000.
- The tax year runs from 6 April to 5 April the following year.
- Annual allowances are subject to review, and the government’s favorable treatment of ISAs may change.
For cash ISAs, applicants must be UK residents for tax purposes. ISA rules may change. Each subscription you make to an ISA will count towards your annual ISA allowance.
Eligibility:
- Instant Cash ISA – Issue 1: Open from £1, or £0 for Transfers-In.
- Flexible Cash ISAs: Open from £0. To hold a Flexible Cash ISA, you must be aged 18 years or over.
Withdrawal Rules:
- Withdraw funds from your Instant Cash ISA or Flexible Cash ISA within the same tax year without it counting towards your annual ISA allowance.
- Flexible Cash ISAs allow 3 withdrawals of up to 10% of the balance each time.
- Transfers-out allowed before maturity date but incur a charge of 180 days tax-free interest based on the balance at the time.