Barclays Golden ISA 3.61%

bristolleedsfan

brookerbabyisababy wrote: »

do you think the government is going to increase the allowance in the budget in april?

If they do it would be unlikely to come into force this coming tax year.

artha

brookerbabyisababy wrote: »

do you think the government is going to increase the allowance in the budget in april?

would be a nice surprise but with billions given away to the banks the taxpayer will have to foot the bill over many years and it's unlikely we will get any tax breaks. Pensioners perhaps may get something

antispam246

Wow, truely disappointed. I wasn't expecting miracles but damn. Is this the only new ISA offering by Barclays? I can't even transfer in my old Barclays ISA and that rate will likely plummet very quickly regardless of the 1% bonus. This is what I've been waiting for? Time to look elsewhere I guess.

jimbow25

Thanks for the news. Barclays have said they're not cutting any savings rates in response to the BoE rate going down to 0.5%, by the way.

I've just opened the 3% fixed Halifax one with a transfer in. Opening a Barclays Golden ISA for the full 09/10 allowance straightaway, would give a maximum of £130 interest over the year, vs £108 putting the same money in the Halifax one. Personally I'm not sure I'd go to the extra hassle for £22, max, given the admin problems these accounts have had in the last 2 years. If you could get this sort of rate with transfers in that'd be another matter.

The other thread says existing online customers can already apply for this online.

book12

Can this be opened from £1 just like other Barclays ISAs?

silps

On the Barclays website it say this Golden ISA won't be available until the 9th so how do you know the original poster has the correct rate of interest?

antispam246

If you're a Barclays online customer, such as myself, you can actually apply for it now. Here's the information available to me regarding this account

Golden ISA Our Golden ISA offers an interest rate of 3.61% AER/3.55% tax-free p.a.* (variable) which includes a 12 month introductory bonus of 1% gross.
Our Golden ISA:

• Is easy to open and offers instant access to your funds.
• Provides tax-free* interest on your savings, paid monthly
• Allows you to save up to £3,600 in each tax year.
• Can be managed online or in branch.

Golden ISA is a cash ISA that can be opened from £1. Transfers from other ISAs are not permitted. The bonus will be paid for 12 months from the date you open your account, after which time the rate will reduce accordingly. We may withdraw the availability of the Golden ISA or withdraw or change the bonus offer at any time without notice.

Key Product Information for our Savings Account(s) - Golden ISA
Account Name Golden ISA Interest Rates Golden ISA interest rates Tax Status Tax Free: Interest is exempt from UK income tax provided all ISA conditions are met. Conditions for bonus payment Rates include an introductory bonus of 1% gross. The bonus will be paid for 12 months from the date you open your account, after which time the rates will reduce accordingly.
Withdrawal arrangements Instant Access. Access Branch access, with online and telephone access also available to Barclays current account holders.

Our Golden ISA is a convenient way to save up to £3,600 per tax year and earn tax-free* interest. It’s simple to open so if you are a Barclays Online Banking customer‡ your account is created within minutes and you can manage your account online.


Easy to apply and start saving straight away Open from £1 Save up to £3,600 per tax year tax-free* Competitive rate of 3.61% AER/3.55% tax free p.a.* variable and interest is paid monthly. These rates include an introductory bonus of 1.00% gross. The bonus will be paid for 12 months from the date you open your account, after which time the rates will reduce accordingly Tax-free savings with the winner of Moneyfacts Best Cash ISA Provider 2008 award Manage your account online if you are a Barclays Online Banking customer‡ You can also access your funds in branch or by Telephone Banking if you are a Barclays current account customer registered for Telephone Banking
Transfers from other ISAs are not allowed and remember you can only invest a maximum of £3,600 in any tax year, regardless of any withdrawals made

We may withdraw the availability of Golden ISA or change the bonus offer at any time without notice

adambro

So this is only any good for those who haven't subscribed to an ISA in 08/09 since if you need £1 to open it you'd have exceeded your allowance unless you can choose to not fund it until April 6.

book12

antipsam 246 - I assume when you apply for it online, the account numbers are generated once you click the 'submit' button (or somthing similar) without going through ID checks and all that. I assume that will go for other savings accounts?

dreamypuma

Oh here we go again! Barclays with a headline grabbing ISA rate.

The problem with Barclays is they couldn't organise a p*ss up in a brewery. I put money on the fact that they will take ages to open and be a complete farce. The same as previous years.

Their complaints team are a joke, and I personally would not touch them with a barge pole after the performance of previous years. My money's being transfered out of Barclays and Lloyds to M&S. Not the best rate, but I can only hope my money will be better looked after than with these two clowns.

Anyone thinking of opening a Barclays ISA, might want to look at the threads from last year.