Two best-buy cash Isas launched by Barclays: Bank launches one year tax-free deal at 4% with two years at 4.1%
Barclays has unveiled two top cash Isa savings accounts paying more 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 a higher 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 two-year fix open to all is just 0.15 percentage points off the top overall deal of 4.25 per cent — but this requires fixing with West Bromwich Building Society for five years.
Both Barclays accounts allow transfers in from other Isas and can be opened with just £1.
Despite being fixed, the accounts have some flexibility, with three penalty-free withdrawals permitted, each one of up to 10 per cent of the balance.
The Isas can be opened online, in the Barclays app, in-branch and also over the phone.
The rise sparks hopes that more big banks will fight for tax-free cash in 2023, especially in the run-up to the end of the tax year on April 5.
Check the best cash Isa rates in our savings tables
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