Barclays Golden ISA 1 review

Published on 2 November 2010 by Raffick Marday

With Barclays golden ISA, you can earn interest on your savings completely tax-free! You get instant access to your account, which means that you are allowed to withdraw money from your account anytime you wish! The account is easy to open with an opening amount as little as £ 1.

What Are The Benefits Of Using Barclays Golden ISA?

The Golden ISA – Issue 2, is a cash ISA that pays 2.08% AER /2.06% tax-free per annum. The interest rate is variable and interest paid on monthly basis. Hence, you earn interest on your savings absolutely tax-free. With this account, you can save up to £ 5,100 in the 2010/11 tax year! The Barclays current account customers can manage or administer their account online or even by phone. You are also provided with Branch access.

This is a unique account that can be included within an offset mortgage arrangement if you have a Woolwich Offset Mortgage. However, the transfers-in of funds from another ISA are not allowed and you can only invest a maximum of £ 5,100 in the 2010/2011 tax year, regardless of any withdrawals made.

This account is just the right one for you if you have not used your ISA allowance for the current tax year. This is also absolutely apt if you wish to have instant access to your cash as this account allows you to withdraw your money anytime you need.

How To Apply For Barclays Golden ISA?

The application process for Barclays golden ISA is very simple, uncomplicated and trouble free. All you have to do is to apply for a Golden ISA – Issue 2. You may even apply for online banking. however, you may apply in Online Banking if you’re an existing Barclays current account customer. You can also apply for an account via telephone communication.

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