Barclays unveils Golden ISA

Barclays has launched a new individual savings account (ISA) which it claims offers the best return available on the ISA market.

The Golden ISA pays a ‘massive’ 3.05% above the Bank of England’s base rate of 0.5%, Barclays said.

This 3.55% rate includes a 1% gross bonus for 12 months.

Barclays Golden ISA is available to new and existing customers, and can be opened with a minimum of £1 and a maximum of £3,600. It does not accept transfers from existing ISA accounts.

Andy Gray, Barclays Head of Mortgages and Savings said: “Our Golden ISA is simple and transparent with no additional purchase conditions.

“Once open, customers have complete flexibility with this best buy ISA with unrestricted access to the funds should they need them and they still get their interest tax free.”

Other accounts available at Barclays include the Monthly Savings account, which continues to pay interest at 5.84% gross/6.00% AER.

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