Interest rates for BarclayPlus
Current interest rates
Quarterly interest (effective from 13 August 2020).
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 the HMRC website.
Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.
|
Balance |
Gross rate per year %* |
AER % |
|---|---|---|
|
£1,000+ |
0.60 |
0.60 |
|
£1+ |
0.10 |
0.10 |
Rates are variable. Interest is paid quarterly.
*Interest is paid gross. Children are entitled to income tax allowances and the Personal Savings Allowance (PSA) in the same way as adults. If a child is liable to pay tax, any tax due on interest earned will need to be paid to the appropriate tax authority. As mentioned, for further information and guidance, please refer to the HMRC website.
Please note that if a parent gifts money to a child that produces more than £100 gross interest in a tax year, the income is normally taxed as belonging to the adult.
Previous interest rates
Quarterly interest (effective from 3 September 2018 – 12 August 2020)
|
Balance |
Gross rate per year %* |
AER % |
|---|---|---|
|
£1,000+ |
1.10 |
1.10 |
|
£1+ |
0.60 |
0.60 |
Rates are variable. Interest is paid quarterly on the first working day of January, April, July and October.
Further information
Read important information about our interest rates, the Financial Services Compensation Scheme and your cancellation rights.