Earn up to £600 by switching to a Barclays ISA

There’s an additional £400 up for grabs for those who switch to its Premier Current Account – bringing the total value up to a possible £1,000.

Barclays Bank is giving away free money to savers who make the switch to one of its qualifying cash ISAs, the high street bank has today announced (18 February 2026). Depending on the size of their ISA pot, eligible customers could earn as much as £600.

This cash reward is available to UK residents aged 18 or over who hold either a Barclays Bank current account or its Premier Current Account. To qualify, they’ll need to move across money held in an ISA with another provider to one of Barclays Bank’s fixed-term flexible cash ISAs using its dedicated transfer-in service by 30 April 2026.

This could see current account customers £200 better off when transferring an ISA balance of £100,000 or more, while Premier Current Account customers who transfer the same amount will receive a much larger £600. There are also smaller cash incentives up for grabs for those with smaller balances:

As it’s possible to move across more than one ISA, these rewards are based on the total amount transferred. Those who successfully complete the switch will receive the cash paid into their current account or Premier Current Account within 60 business days after the offer ends on 30 April.

How do Barclays’ ISAs compare?

With less than two months until the tax-year ends (5 April), this latest offer from Barclays Bank comes at a traditionally competitive time for the ISA market. Providers are aware that time is running out for savers to use any outstanding ISA allowance before it automatically resets on 6 April and often try to entice deposits by launching attractive deals or improving their rates.

While Premier Current Account customers who transfer £100,000 to Barclays Bank’s Premier 1-Year Flexible Cash ISA – Issue 68 could earn an equivalent return of 4.45% (when combining its 3.85% interest rate with the £600 cash reward), savers with smaller balances might want to explore other options.

“There are a few challenger banks currently offering returns of over 4% on one-year cash ISAs, such as with Castle Trust Bank, which may be a good alternative,” said Rachel Springall, Finance Expert at Moneyfactscompare.co.uk. However, she urged savers to “break down the sums of earning interest and cashback against the rest of the competition before applying”.

Springall also pointed out that those with a substantial amount in savings could “stand to earn more by investing in a stocks and shares ISA, particularly over the longer term”. But remember, your capital is at risk when investing and returns are never guaranteed.