18-Month Flexible Bond
Grow your savings for 18 months
Enjoy a fixed interest rate and some access to your money.
Interest rates
Is our 18-Month Flexible Bond right for you?
Save for the longer term
Watch your money grow with a fixed interest rate for 18 months.
Open with as much as you like
Open this bond with the full amount you want to keep in it, and leave it to grow without making further top-ups.
Make up to three withdrawals
You can make up to three withdrawals during the term, each one of up to 10% of your initial deposit.
18-Month Flexible Bond FAQs
You can open and manage your account in the Barclays app(2) or Online Banking(3). Alternatively, you can do this in a branch or over the phone.
If you don’t bank with us yet, you can download our app to open this account. Alternatively, you can book an appointment to open an account in one of our branches. You’ll need proof of your identity (such as your passport, UK biometric residence permit or UK, EU or EEA full driving licence), three years of address history and a UK mobile number.
It’s a savings account that gives you a fixed interest rate for a set period of time, which is also known as the ‘term’.
It’s flexible because you can make up to three withdrawals during the term – each one of up to 10% of your initial deposit.
Yes, you can have more than one 18-Month Flexible Bond, held in sole or joint names, at any time.
No, you can only close this account early in exceptional circumstances(4).
You can choose a bond that pays interest monthly or a bond that pays all the interest at the end of the term.
Interest can be paid into a current account or instant-access savings account you have with us, or paid by cheque.
No, you can’t top up during the 18-month term. When you open your bond, you need to pay in the full amount you want to keep in it. You can open another bond if you want to.
We’ll contact you before the term ends to explain your options in detail. Typically, you can either leave your money in a bond for another year at an interest rate we’ll confirm at the time, or we can return your money to you. Find out more about what happens when your term ends.
You’ll get the most out of this account by putting in as much money as you can when you open it – you can’t top up after this.
If you want to lock away a large amount of money, with no access it and a higher interest rate, you could open our 1-Year Fixed-Rate Bond.
You could also open multiple bonds that start in different months and split your savings across them. This would mean you wouldn’t need to wait long for your next bond term to end to access some of your money.
If you want a savings account that lets you access your money any time, you could try our instant-access savings accounts, such as the Everyday Saver , Reward Saver or Instant Cash ISA. With a Reward Saver you’ll earn a lower interest rate in the months you make withdrawals.
If you’re a Barclays Blue Rewards member or Premier customer, you could explore our easy-access Rainy Day Saver and Blue Rewards Saver accounts. With a Blue Rewards Saver you’ll earn a lower interest rate in the months you make withdrawals.
We also have flexible cash ISAs which offer limited access, so you can leave your money to grow with the option to withdraw it occasionally.
For long-term plans, explore your investment options with us. Investments may offer higher returns than cash savings in the long term.
For savings accounts, the interest rate tells you how much interest we’ll pay you for saving with us – it’s shown as a percentage of your account balance. The higher the interest rate, the more interest you’ll earn by leaving money in the account.
Your Personal Savings Allowance (PSA) is the total amount of interest you can earn each tax year, across all your accounts (except ISAs) with any bank or building society, without paying tax. The tax year runs from 6 April to 5 April.
For basic-rate taxpayers, the PSA is £1,000 and for higher-rate taxpayers, it’s £500. Additional rate taxpayers don’t have a PSA.
Our 18-Month Flexible Bond offers a choice of monthly and end-of-term interest payment options. If you choose end-of-term interest, you’ll receive all your interest in one tax year. This means you could reach or exceed your PSA more quickly in that tax year.
Tax liability on interest applies in the tax year it’s paid, which may be different to the tax year(s) in which interest is earned.
You’ll need to start paying tax on any interest you earn above your PSA. Go to HMRC’s site to find out how to do this.
Summary box
Account name
18-Month Flexible Bond - Issue 70
What is the interest rate?
Interest rates for balances of £1+, effective from 13 November 2024.
Interest option |
Monthly gross rate p.a. % |
End of term gross p.a. % |
AER % (all interest options) |
|---|---|---|---|
|
18-month term |
3.60 |
3.60 |
3.60 |
Monthly and end of term interest payment options are available.
Monthly interest will be paid into 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 interest is paid into your nominated account, the interest doesn’t 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 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. So, if you choose end-of-term interest, you’ll receive all of your interest in one tax year and you could reach or exceed your Personal Savings Allowance more quickly in that tax year.
Can Barclays change the interest rate?
No, the interest rate is fixed for the 18-month 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) |
End of term (estimated value at the end of the term) |
|---|---|---|
|
£1,000 |
£1,054.00 |
£1,054.65 |
How do I open and manage my account?
Open and manage your account – in our app, in Online Banking, in a branch or over the phone
Eligibility criteria – you must be 18 or over and a UK resident
Minimum balance – £1
Maximum balance – £1 million
Can I withdraw money?
Yes, you can make three withdrawals during the term of the bond. The maximum value per withdrawal is 10% of your initial investment into the bond.
We’ll contact you again before your bond matures to find out what you’d like to do next.
Additional information
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 18-Month Flexible Bond - Issue 70 is a strictly limited offer and may be withdrawn at any time.
Additional deposits are not allowed any time during the term of the bond, although a bond holder may acquire additional bonds subject to availability.
Terms and conditions
18-Month Flexible Bond terms and conditions- Issue 70 [PDF,119KB]
See the full 18-Month Flexible Bond details [PDF, 300KB]
How to apply
If you already bank with us, you can open an account in the Barclays app or Online Banking. If you don’t use Online Banking yet, you can register here.
If you don’t bank with us
You can download our app to apply for this account. Alternatively, you can book an appointment to open an account in one of our branches.
Saving and investing
Both saving and investing can help you plan for the future. Our guide can help you find what suits you.
Other ways to save and invest
Important information
‘Gross’ is the rate payable without tax taken off. ‘AER’ (Annual Equivalent Rate) shows what the interest rate would be if interest was paid and compounded once each year. (Return to reference)
You need to be 18 or over to access this product or service using the app. Terms and conditions apply.(Return to reference)
Online Banking and the Barclays app are only available if you’re registered to use these services.(Return to reference)
If your circumstances have changed significantly, perhaps due to illness, a relationship ending or financial difficulties, you might be able to access money in a savings account that doesn’t normally allow withdrawals. You can ask us about this by calling 0345 744 5445. We’re here Monday to Friday 8am to 8pm and Saturday 9am to 5pm. Alternatively, you can send us a message from the ‘Help’ section in our app or Online Banking, or visit a branch.(Return to reference)