Barclays Fixed Term Deposit – 12 Months
Duration
12 months
Rate Type
Fixed Rate — guaranteed
Minimum Deposit
€1,000
Interest Rate
4.20% p.a.
Protection
FSCS Protected up to £85,000
Maximum Deposit
€500,000
Calculate Your Return
Product Overview
The Barclays Fixed Term Deposit is designed for savers who want to maximize their returns with a guaranteed interest rate. Your funds are locked in for a fixed period, ensuring you receive the agreed-upon rate regardless of market fluctuations. This product is ideal for those looking to save for a specific goal or simply want the peace of mind that comes with predictable returns.
Interest Type
Fixed
Payment
At Maturity
Early Withdrawal
Not permitted
Tax
Interest subject to applicable taxes
Renewal
Automatic renewal option available
Renewal
Automatic renewal option available
Terms & Conditions
Please read these terms carefully before opening your Fixed Term Deposit account.
- The minimum deposit amount is €1,000 and the maximum is €500,000
- The fixed term is 12 months from the date of deposit
- The interest rate of 4.20% p.a. is guaranteed for the full term
- Early withdrawal is not permitted without penalty
- Interest is calculated daily and paid at maturity
- Deposits are protected under the FSCS up to £85,000 per person
How to Apply
Follow these simple steps to open your Fixed Term Deposit:
- Click the "Apply at Barclays" button to visit the Barclays secure application page
- Complete the online application form with your personal details
- Verify your identity using the required documentation
- Choose your deposit amount (€1,000 - €500,000)
- Transfer your funds via bank transfer or debit card
- Receive confirmation and your account details via email
Important: Have your ID, proof of address, and funding source ready before you begin the application.
Frequently Asked Questions
Can I withdraw my money early?
No, this is a fixed-term deposit. Your funds are locked in for the full 12 months. Early withdrawal may result in loss of interest and penalties.
When will I receive my interest?
Interest is paid at maturity, after the full 12-month term.
Is my money protected?
Yes, deposits are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per institution.
Can I add more money to my deposit?
No, you cannot add funds to an existing fixed-term deposit. However, you can open a new account.
What happens when my term ends?
You can choose to withdraw your funds plus interest, or reinvest in a new fixed-term deposit at the prevailing rate.