Barclays Fixed Rate ISAs
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- Term: 1 Year
- Invest From: £1
Interest paid at maturity. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 1 Year
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 2 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 2 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 3 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 1 Year
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 1 Year
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with NatWest Bank per tax year. You must hold the account solely in your name. NatWest’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA with NatWest or Royal Bank of Scotland. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
- Term: 1 Year
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with Royal Bank of Scotland per tax year. You must hold the account solely in your name. Royal Bank of Scotland’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA, you will not be able to make any further payments for that tax year into any other cash ISA with Royal Bank of Scotland or NatWest. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
- Term: 2 Years
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with NatWest Bank per tax year. You must hold the account solely in your name. NatWest’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA with NatWest or Royal Bank of Scotland. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
- Term: 2 Years
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with Royal Bank of Scotland per tax year. You must hold the account solely in your name. Royal Bank of Scotland’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA, you will not be able to make any further payments for that tax year into any other cash ISA with Royal Bank of Scotland or NatWest. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
- Term: 1 Year, with option to make three free withdrawals
- Invest From: £1
Make up to three withdrawals during the 12-month term of this account. Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 1.75% AER/gross p.a. (variable). Not available in branch
- Term: 5 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 2 Years
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 180 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
Review of Barclays Fixed Rate ISA
A fixed rate cash ISAs is very similar to other types of savings account, except that you do not have to pay any tax on the interest you earn. Whether you’re looking to lock money away in return for a fixed rate of interest, there is a range of cash ISAs available.
Use our free comparison tables to compare the best fixed rate cash ISAs from Barclays.
Barclays fixed rate ISAs offer a longer-term way to save money without risking capital on the stock market, so they can be good for the more cautious saver. As well as the possibility of a good rate of return over the long term, Barclays fixed rate ISAs can be a useful way to save for a specific future event. Knowing that you’ll be penalised for early withdrawal from a fixed term ISA might make you think twice before using the cash for something else.
Barclays fixed rate ISAs allow you to get a fixed return on your savings, without paying any income tax on the interest. These accounts offer savers a choice of fixed terms, from one to three years, so you can choose how long to lock your money away for. You can transfer in money from other cash ISAs if you don’t think you’re getting the best rate with your current provider.
History
Barclays is one of the oldest banks in the UK, boasting roots that date as far back as 1690. The bank continued to grow and thrive through a series of acquisitions over the next few centuries.
Current Information
Today, Barclays is a global provider of financial services, offering a variety of options in both the commercial and retail sector. The company features a wide range of deposit accounts, investments, loans, credit cards and financial planning services to reach a large and diverse customer base. See above to compare a range of the best Barclays Fixed Rate Cash ISAs.
Review of Barclays Fixed Rate ISAs
Barclays offer three kinds of ISA which means you can easily choose one which is right for you. With higher rates of interest than a lot of other ISAs, Barclays are a good choice. Barclays also offer freedom to withdraw as their 18 month fixed rate account allows you to make three withdrawals of up to 10% of the balance during the period.
The accounts which Barclay’s offer include the:
18-Month Flexible Cash ISA – Issue 13
With this account you can earn a fixed rate on your money while also having the flexibility to access some of your savings too. You can:
- Save up to £20,000, tax-free
- Receive a fixed rate of 0.80% AER/tax-free for 18 months
- Make 3 free withdrawals, each one of up to 10% of your current balance
- Open with £1 (£0 for transfers-in) to £1 million
- Transfer-in your existing ISA for a limited period
This is their only fixed rate ISA but they do have some other options for people who need something a little bit different.
Barclays also offer:
Help to Buy: ISA
In support of the government’s Help to Buy: ISA Scheme for first-time buyers, Barclays are offering their own Help to Buy: ISA.
Through this, you can take advantage of tax-free savings and, when you buy your first home, you’ll receive a 25% government bonus on amounts saved between £1,600 and £12,000.
The government bonus is payable subject to meeting the Help to Buy: ISA scheme rules. With this account you can:
- Earn 2.27% AER /2.25% tax-free.
- Save up to £1,200 in the first calendar month, and up to £200 per calendar month afterwards
- Instant access to your money
- Open with £1 (£0 for transfers-in)
Barclay’s also offer an Instant Cash Isa but it does not come with a fixed rate of interest. It’s a good option for people who may need access to their saving at short notice who also do not want to pay a fee or lose their interest for doing so.
Instant Cash ISA – Issue 1
With this ISA, you can take advantage of tax-free savings of up to £20,000 and have access to your money whenever you want. As your tax-free amount is much higher in an ISA, there are still opportunities for savers to make the most of their money.
ISAs are a good idea whatever your savings goal. With certain types of cash ISAs, you have instant access to your money, which makes it a flexible way to plan your finances.
It’s also important to remember that ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you can both hold your own ISA, each with the full allowance.
Frequently Asked Questions
Can I transfer a Cash ISA into a Stocks and Shares ISA?
Yes, you can transfer your Cash ISA into a Stocks and Shares ISA by completing a paper form with your new provider.
Can I transfer my Cash or Stocks and Shares ISA into a Lifetime ISA?
Yes, but your transfer will be treated as a contribution and deducted from your annual £4,000 LISA allowance and so you’ll need to be careful not to accidentally contribute over the limit.
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
Am I committed to one ISA provider forever?
No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.