Flexible Bonds
2-Year Flexible Bond – Issue 66 Overview
Earn a fixed rate of interest on your money with the flexibility to access some of your funds when needed.
Provided by Barclays Bank UK PLC
- Fixed Interest Rate: Earn 4.15% AER fixed for 2 years for balances of £1 to £1 million.
- Access to Funds: Up to 3 withdrawals during the term, each up to 10% of your initial deposit.
- Minimum Opening Balance: £1.
- Maximum Balance: £1 million.
Interest Rates Effective from 6 June 2024
Summary Box
Account Name
2-Year Flexible Bond – Issue 66
What is the Interest Rate?
| Interest Option | Monthly Gross p.a. % | End of Term Gross p.a. % | AER % |
|---|---|---|---|
| 2 Years | 4.15 | 4.15 | 4.15 |
- Monthly Interest: Paid into your nominated Barclays account or by cheque.
- End-of-Term Interest: All interest paid in one tax year, with compounding for terms over one year. This could result in reaching or exceeding your Personal Savings Allowance faster.
Can Barclays Change the Interest Rate?
No, the interest rate is fixed for the 2-year term.
Estimated Balance at the End of the Term
| Deposit Amount | Monthly Estimated Value | End of Term Estimated Value |
|---|---|---|
| £1,000 | £1,083.00 | £1,084.72 |
How to Open and Manage Your Account
- Account Opening: Online, in the Barclays app, in branch, or by phone.
- Manage Account: Online, in the Barclays app, in branch, or by phone.
- Eligibility Criteria: Must be 18 years or older and a UK resident.
- Minimum Balance: £1.
- Maximum Balance: £1 million.
Can I Withdraw Money?
Yes, up to 3 withdrawals are allowed during the term. Each withdrawal can be up to 10% of the initial investment. Withdrawals will reduce the amount of interest earned. Access is available in branch, and for Barclays current account holders, also by telephone and online.
Additional Information
- Interest Paid Gross: In accordance with UK tax legislation. You may need to pay tax on interest earned in excess of your Personal Savings Allowance.
- Tax Residency Information: You must provide details of all countries where you are a tax resident and your tax identification numbers (TINs).
Important Information
- Limited Offer: The bond is a strictly limited offer and may be withdrawn at any time.
- Additional Deposits: Not allowed during the term, but you can acquire additional bonds subject to availability.
- Tax Liability: It is your responsibility to ensure any tax due on interest payments is paid to the appropriate tax authority.