1-Year Fixed-Rate Bond

Grow your money by locking it away to secure a great rate

If you already bank with us, one of the quickest ways to open this account is in the Barclays app¹ or Online Banking. Simply log in or register for Online Banking.

Apply in Online Banking

If you don't already bank with us, call us on 0345 744 5445² to book an appointment to open an account in a branch. Due to popularity, the next available appointment may be a few weeks away.

Lock in a great fixed rate for a fixed term

Fixed-rate of 4.45% AER/gross per year³
1-year term, with no additional deposits or withdrawals⁴
Open and manage your account using our app, Online Banking, by phone¹ or in a branch
Open with a lump sum deposit from £500

Already have a bond with us?

If your term is ending, there are ways you can keep earning fixed interest.

Find out how

Summary box

Account name

1-Year Fixed-Rate Bond - Issue 116.

What is the interest rate?

Interest rates for balances of £500+, effective from 6 June 2024.


Interest option	Monthly gross p.a. %	End of term gross p.a. %	AER % (all interest options)
1-year term	4.45	4.45	4.45

Monthly and end of term interest payment options are available – monthly interest will be paid into your Barclays account (this must be in the name of one or more bond holders) or will be paid to you by cheque.

If you choose end of term interest, you’ll receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year⁵.

Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.

Can Barclays change the interest rate?

No, the interest rate is fixed for the 1-year 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	£1,044.50	£1,044.50

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 manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

You can open an account with £500 to £1 million.

Eligibility

To apply for this bond, you must

Be aged 18 or above
Be resident in the UK

Can I withdraw money?

No, withdrawals or transfers to other accounts are not allowed during the term of the bond. You can open additional bonds if they are available.

We’ll contact you again before your bond matures to find out what you’d like to do next.

Additional information

In accordance with UK tax legislation, from the 6 April 2016, interest is paid gross. 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 1-Year Fixed-Rate Bond - Issue 116 is a strictly limited offer and may be withdrawn at any time.

Additional deposits are not allowed at any time during the term of the Bond, although a bond holder may acquire additional bonds subject to availability.

Terms and conditions

For additional information, please download

Our 1-Year Fixed-Rate Bond - Issue 116 terms and conditions [PDF, 141KB].
The full product details [PDF, 374KB]

How to apply

There are different ways to apply, depending on whether or not you bank with us.

More ways to save

If this fixed bond isn't what you’re looking for, we have other options for you to consider.

Important information

Online Banking, the Barclays app and Telephone Banking are only available if you’re registered to use these services. You need to be 18 or over to access this product or service using the app. T&Cs apply.^{Return to reference}
Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 5pm. To maintain a quality service, we may monitor or record calls. Due to popularity, the next available appointment in a branch may be a few weeks away. Call charges.^{Return to reference}
‘Gross’ is the rate payable without tax taken off. ‘AER’ (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.^{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.

To maintain a quality service, we may monitor or record calls. Due to popularity, the next available appointment in a branch may be a few weeks away. Call charges^{Return to reference}
If you choose end of term interest, you will receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year. Tax liability on interest applies to the tax year it is paid, which may be different to the tax year(s) in which interest has accrued. ^{Return to reference}
Online Banking, the Barclays app and Telephone Banking are only available if you’re registered to use these services. You need to be 18 or over to access this product or service using the app. T&Cs apply.^{Return to reference}

1-Year Fixed-Rate Bond

Already have a bond with us?