Two best-buy money Isas launched by Barclays: Bank launches one yr tax-free deal at 4% with two years at 4.1%
Barclays has unveiled two top money Isa savings accounts paying greater than 4 per cent interest.
The banking giant has rocketed up the Money Mail best-buy tables with a one-year fix paying 4 per cent and a two-year tax-free fix paying 4.1 per cent.
Customers with its Premier current account can get the next 4.1 per cent and 4.2 per cent respectively.
Isa deals: Barclays has rocketed up our best-buy tables with a one-year fix paying 4% and a two-year tax-free fix paying 4.1%
The 2-year fix open to all is just 0.15 percentage points off the highest overall deal of 4.25 per cent — but this requires fixing with West Bromwich Constructing Society for five years.
Each Barclays accounts allow transfers in from other Isas and could be opened with just £1.
Despite being fixed, the accounts have some flexibility, with three penalty-free withdrawals permitted, each one in all as much as 10 per cent of the balance.
The Isas could be opened online, within the Barclays app, in-branch and in addition over the phone.
The rise sparks hopes that more big banks will fight for tax-free money in 2023, especially within the run-up to the top of the tax yr on April 5.
Check one of the best money Isa rates in our savings tables
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