Premier 18-Month Flexible Cash ISA

Grow your ISA with a fixed rate for a fixed term and some access to your money

Apply in Online Banking

Make the most of your 2024/2025 ISA allowance of £20,000.

You must be with Premier Banking to open this account.

You can open it in the Barclays app¹. If you’d like help, you can book a video appointment.

You need to be 18 or over to access this product or service using the app. T&Cs apply.

Lock in a great rate with the flexibility to grow your balance to make some withdrawals.

Only available to Barclays Premier customers
Fixed rate of 3.80% 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, Online Banking, by phone³ or in a branch
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.

Explore your options

Summary box

Account name

Premier 18-Month Flexible Cash ISA - Issue 49.

What is the interest rate?

Interest rates for balances of £1+, effective from 1 October 2024.


Interest option	Monthly Tax-free % p.a.	End of term Tax-free % p.a.	AER % (All interest options)
18-Month	3.80	3.80	3.80

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 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 can 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 18-Month 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	£1,057.00	£1,057.72

How do I open and manage my account?

You can open an account online, in the Barclays app, in branch or over the phone. 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 – 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 Premier 18-Month Flexible Cash ISA, you must

Be a Premier customer aged 18 or above
Be resident in the UK for tax purposes
Open this ISA for yourself

You’ll also need to have

An annual gross income paid into a current account with us of £75,000 or more; or
£100,000 or more saved or invested with us

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.

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

Can I withdraw money?

Yes, you can make three withdrawals during the term of the Premier 18-Month Flexible Cash ISA - Issue 49. 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 can close the account or transfer-out the whole balance before the maturity date, but you’ll be charged the equivalent of 180 days’ tax-free interest based on the current balance at the time. If there isn’t enough 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 18-Month term, the Premier 18-Month Flexible Cash ISA - Issue 49 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 Premier 18-Month Flexible Cash ISA - Issue 49 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 Premier 18-Month Flexible Cash ISA - Issue 49 terms and conditions [PDF, 155KB]
The full product details [PDF, 137KB]

How to apply

There are different ways to apply, depending on whether or not you bank with us. If you’re eligible, you’ll need to have your National Insurance number to hand when you apply.

More ways to save

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

Premier 18-Month Flexible Cash ISA