Bonds

If you’re 18 or over and a UK resident, you can still apply for a bond in the Barclays app⁽¹⁾ or a branch.

You’ll need to be able to provide:

• Photo ID, such as a passport or full UK/EU driving license
• The UK address you live at now
• Three years of address history, which can include non-UK addresses
• Your UK mobile number
• Confirmation of where you pay tax.

If you can lock some money away with no access or limited access to it, usually with a higher interest rate, a bond might be right for you. You’ll be able to save for the future, knowing the amount of interest you’ll get at the end of the term.

If you want a savings account that lets you access your money any time, you could try our Everday Saver , Instant Cash ISA or our Reward Saver , which gives you a higher interest rate in months you don’t make withdrawals.

For plans in five years or more, you could explore your investment options with us. Investments may offer higher returns than cash savings in the long term. Capital at risk.

With our single-access flexible bonds, you can make one withdrawal during the term, and it can be up to 10% of your initial deposit.

With our Premier triple-access flexible bonds, you can make three withdrawals during the term, each one up to 10% of your initial deposit.

With our 1-Year Fixed-Rate Bond, you can’t make any withdrawals during the term, so it’s best to open it with an amount you’re happy to lock away for the year.

You can open and manage our bonds in our app or Online Banking⁽²⁾. 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 a bond. Alternatively, you can book an appointment to open an account in one of our branches. You’ll need to provide:

•  Photo ID, such as a passport or full UK/EU driving license
• The UK address you live at now
• Three years of address history, which can include non-UK addresses
• Your UK mobile number
• Confirmation of where you pay tax.

Yes, you can have more than one bond, held in sole or joint names, at any time.

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.

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.

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. 

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 PSA more quickly in that tax year.

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.

With Premier Banking , you can enjoy exclusive accounts, benefits and rewards, and get support from our Premier Financial Guides whenever you need it. Terms and conditions apply. 

Wealth Management offers a personal and proactive approach to managing your wealth. We take the time to get to know you, understand your ambitions and create unique solutions for every stage of your life. Terms and conditions apply.