Published On: Tue, Mar 24th, 2026
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Barclays offers free £1,000 cash bonus to savers | Personal Finance | Finance

Barclays is offering customers the chance to earn a £1,000 free cash bonus as part of two promotions it is currently running. The high street bank is offering bonuses to current account switchers and ISA transfer customers, allowing them to benefit from both deals.

With the deals running until April 30, customers have around a month to make themselves eligible to claim the rewards, and doing so couldn’t be any simpler.

The Premier Current Account switch offer gives customers the chance to claim a £400 cash bonus when you move your banking to Barclays via the Current Account Switching Service.

Those who want to make use of the offer must be earning at least £75,000 a year or have £100,000 saved in eligible Barclays investments to qualify for the Premier status. Customers must have also held a Barclays current account as of February 17, 2026.

If you meet all the requirements, the first thing you need to do is open the account via the Barclays app, complete a full switch with at least 2 active direct debits, and deposit a minimum of £4,000 within 30 days.

The ISA deal allows customers to earn rewards of up to £600, depending on how much money is moved into the account. Customers will need to hold or open a Barclays current account, and then transfer at least £10,000 from an ISA held somewhere else into one of the bank’s fixed-term ISA products.

Transfers between £10,000 and £24,999 earn a £50 reward, £25,000 to £49,999 is £100, £50,000 to £99,999 gives you a £150 bonus, while larger transfers of £100,000 or more pocket standard account holders receive £200, and Premier customers a huge £600.

For the entire £1,000 cash reward, savers need to open a Premier Current Account for their £400 bonus, then transfer £100,000 or more in ISA savings to grab the £600 top-tier reward.

The bank is also offering some of the most competitive cash ISA rates, with its Premier One-Year Flexible Cash ISA paying 3.85% AER tax-free, and the standard One-Year Flexible Cash ISA paying 3.80% AER.