Instant Access

Choosing the right account that offers you both the best instant access terms and the most effective interest rate is important to your savings future growth. This section contains information on accounts that offer some level of instant access in all cases, however there may be some restrictions that could exclude your investment. Please refer to the account selector seen below for further details.

Each account is detailed on their individual pages (see links on right) to allow you to make a judgement as to the type of account that might be best suited to your circumstances in addition to details of how to open your account, interest and details of income tax deductions.

General Account Information

How to open your account with the Barnsley

Accounts can be opened at any Barnsley branch or by post. As part of the account opening procedure we will carry out electronic verification of your personal identity and address. If this approach proves unsuccessful, you will be asked to provide documentary evidence, such as a passport or photo driving licence. Details of the types of documents we are able to accept as evidence can be found in our Customer Guide, also available at branch offices.

If you already have a Barnsley account, you may still be asked to provide identification as shown above, if the details we hold regarding your accounts are not recent.

All requests for identification conform to regulations which protect you and guard against fraudulent transactions on your accounts.

When will my account show the interest earned over the year?

Interest is paid to all accounts featured in this section on 31st December each year. These payments can be either credited directly to the account or paid into another Barnsley account. Current interest rates will be supplied to you on request but are also available at branch offices.

Income Tax Deductions

Interest will be paid after deduction of income tax at the lower rate or, subject to the required certification, gross. Registration forms are available from any of the Barnsley's branches, or direct from HMRC. If you are a non-taxpayer you will be able to claim repayment of this tax directly from HMRC. You can also claim a repayment of tax if your income falls within the starting rate band and you are eligible to pay less tax than the amount deducted from your interest. Individuals who are liable at the higher rate of income tax will have to pay additional tax on the interest to cover the difference between the tax deducted and the higher rate tax due.

The Barnsley is required to supply HMRC with details of all interest paid or credited to investors each year.

Terms and Conditions

The specific product terms and conditions for each of the Instant Access accounts can be found on the individual account pages. The general terms and conditions of all the Instant Access accounts can be found here.