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BARCLAYS FIXED RATE INVESTMENT ISA
Barclays Fixed Rate Investment ISA (Investment ISA)
        
The Barclays Fixed Rate Investment has a term of 5 years during which you can choose to receive 4% gross income each year. As this is a fixed 5-year term investment, if you sell your plan before maturity you are likely to receive back less than you invested.
Location: UK
Advantages:
1. Potentially higher regular income return than most savings accounts, provided you leave your investment in for the full term.
2. The Growth Option offers a fixed gross return of 22.25% paid at the end of the term.
3. The Income Option offers a regular annual income of 4% paid annually in arrear.
Disadvantages:
1. If you sell your plan before maturity you are likely to receive back less than you invested. 2. You do not have access to your funds.
3. Charges are expected to be around 5% of your original investment.
Services:
1. The ISA has a term of five years during which you can choose to receive 4% gross income at the end of each year, or you could choose not to take an income and receive a lump sum return of 22.25% (annualised 4.45% for comparison purposes) at the end of the 5 year term.

AER Rate: 4%
Interest Paid: Annually
Notice Period: 14 days
Min Deposit: 3,600
Max Deposit: 7,200
Initial Fee: 0.00
Exit Fee: 1%
Annual Management Fee: Up to 5%

Products:
1. The Income Option offers investors a regular annual income paid in arrear, plus full repayment of their capital at maturity.
2. The Growth Option offers investors a fixed return at the end of the term, plus full repayment of their capital at maturity.
Suitable For:
You if you are happy to keep your money invested for at least five years
Conditions:
1. The Plan is designed for investors who can leave their capital invested for the full term.
2. Repayment of your capital and payment of any return will depend on the ability of Barclays Bank PLC to repay the capital and pay the return.
3. The Plan is not a deposit account.
Restrictions:
1. You must be a UK resident.
2. You must be 18 years old.
Introductory Offer:
N/A
Terms and Conditions:
1. Five-year investment.
2. Only available for Stocks & Shares ISA investments and ISA transfers (Stocks & Shares and/or Cash ISAs) from previous tax years.
        
REVIEWS
Barclays Fixed Rate Investment ISA (Which Way To Pay - 17/3/2010)
Barclays Fixed Rate Investment ISA is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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