This is a Fixed Term Structured Deposit – a type of savings product that works differently from a standard Fixed Term Savings Account. Alongside its fixed return, it may also pay a bonus at maturity (the end of the term) if the specified conditions are met.
You may also receive a 0.10% (gross) bonus on your deposit at maturity if in 23 months the FTSE 100 Index is the same or higher than where it was when your deposit started.
How it works
If the deposit start date and/or the date 23 months later falls on a non-business day, the next business day is used.
Barclays Bank PLC operates as a banking and financial services. The Bank offers personal, retail, corporate banking, as well as wealth management, investment banking, consumer finance, treasury, and insurance services. Barclays Bank serves clients worldwide.
The Financial Services Compensation Scheme (FSCS) is the United Kingdom's statutory deposit guarantee scheme that covers deposits up to £120,000 (£240,000 for joint accounts), per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. This means that if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to £120,000 (£240,000 for joint accounts), per banking group. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the protection applies only to eligible deposits up to this limit. For more information on FSCS protection, and eligibility, please see FSCS eligibility. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.
Transfer your existing Cash ISA, Stocks & Shares ISA, or Innovative Finance ISA entirely online through the Meteor Savings and Investments Platform.
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General
Notice
35 days
Interest rate
4.00 % AER
General
Fixed Term
1 year
Expected profit
4.80 % AER
General
Fixed Term
3 years
Expected profit
4.62 % AER
We're here to answer any questions you may have.
A Fixed Term Deposit, also known as a term deposit or fixed rate bond, is a type of savings account where you deposit a sum of money for a set period (the "term") and receive a fixed interest rate (or expected profit rate in the case of Shariah savings) for that duration.
A Notice account is a type of variable rate savings account that requires you to give advance notice before you can withdraw your money and allows you to top up freely. In exchange for this restriction, notice accounts typically offer higher interest rates than Easy Access accounts, but lower rates than Fixed Term Deposits.
An Easy Access account, also known as an instant access or no-notice account, is a variable rate type of savings account that allows you to deposit and withdraw money whenever you need to, with no penalties. These accounts offer flexibility and convenience for savers.
