Barclays will pay you up to £1,000 to open a Premier account and switch your cash Isa

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Barclays has launched a bumper switching bonus for deep-pocketed customers.

Customers who switch to a Barclays Premier account through the Current Account Switch Service (Cass) will receive a £400 cash sweetener. 

Once the Premier account is open, there is the chance to get an additional cash bonus of up to £600 for savers who switch their cash Isa to a Barclays fixed-rate cash Isa. 

You must pay a pre-tax annual income of £75,000 into the account, or have at least £100,000 in savings or investments with Barclays, or a mix of both to be eligible for a Barclays Premier account.

In exchange, Barclays Premier customers receive free Apple TV+, cashback on spending, and enhanced rates on savings – with no monthly fee or additional cost.

To get the £400 switching cash, customers must not hold a current account with Barclays as of 17th February 2026 and open a Barclays Premier account in the Barclays app. The Premier bank switching offer will end on 30 April.

Customers must then complete a full switch in the app, including at least two active direct debits and pay at least £4,000 into their new Premier Current Account within 30 days of opening it. 

Customers will receive their £400 switching bonus within 28 working days of meeting the eligibility criteria. The switching cash will be paid directly into their Barclays Premier account.

To secure the extra money for transferring an Isa, you need to move a big pot. 

Customers who transfer in a cash Isa worth £100,000 or more will get £600 if they have a Barclays Premier bank account. 

This means that customers who switch to a Barclays Premier account can get up to £1,000 in total incentives. 

The equivalent interest rate boost from £600 cashback on a £100,000 pot is 0.6 per cent. 

Customers who have a standard Barclays account will get £200 for transferring in an Isa worth over £100,000. The equivalent interest rate boost on this is 0.2 per cent.

Further down the scale, if you transfer an Isa worth between £50,000 and £99,999.99 in value, you will get a £150 cash bonus.

Those transferring an Isa between £25,000 and £49,999.99 will receive £100. 

Those transferring an Isa between £10,000 and £24,999 in value will get a £50 bonus. 

To get the Isa transfer bonus, you must already hold a Barclays current account, or open one, and then use the Isa transfer-in service to move a minimum of £10,000 from a non-Barclays Isa to one of Barclays’ fixed term cash Isas. 

How do Barclays’ Isas stack up?

The Barclays Isa transfer deal is not open to customers who switch their Isa savings to a Barclays easy-access cash Isa – and it ends on 30 April. 

Barclays has a range of fixed-rate Isas with flexible withdrawals, which allow three withdrawals during the term, each one of up to 10 per cent of the Isa balance, with no penalty. 

Its one year fixed-rate flexible Isa offers a rate of 3.8 per cent and the 18-month version pays 3.45 per cent. 

If you have a Barclays Premier account rates are slightly better though. You will get 3.85 per cent for one year and 3.5 per cent for 18 months. There is a three-year flexible Isa for Premier customers which pays 3.55 for three years. 

The best one-year fixed-rate Isa at the moment pays 4.05 per cent and comes from Tandem Bank, but you cannot withdraw money from this Isa once it is in the account. The best three year Isa pays 4.15 per cent and is offered by Aldermore Bank. 

Savers should factor in the value of the equivalent interest rate boost they will get from cashback. 

For those shifting a £100,000 pot with Premier Account, the 0.6 per cent bump takes the equivalent Barclays one-year fixed rate up to a table topping 4.45 per cent.

For standard current account holders, however, it only bumps the one-year rate up to 4 per cent, which is lower than the Tandem best buy.

> Bank and investing cashback offers to earn a quick £200