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Overview / Commentary
125 South West Street
Wilmington, DE 19801

Barclays is a UK-based multinational bank that maintains operations in retail and investment banking, as well as lending, credit cards, and wealth management. The financial holding company, of which its personal banking component is a subsidiary, is one of the largest in the world, with trillions of dollars in assets.

On its personal banking side, Barclays has limited deposit account offerings available in the United States. The bank offers both a high-yield savings account and Certificates of Deposit (CDs) through its online banking platform. Both accounts feature attractive interest rates, with the savings account interest rate being one of the highest available in the country. DepositAccounts.com reported that the savings account interest rate remained over 1% for over a year until the summer of 2013. Barclays savings accounts have no hidden fees or minimum balances to join and come with an easy to use online banking system from which account holders can transfer funds, deposit checks via scanner or mobile deposit, and make online payments. Its savings accounts also come with a debit card that customers may use to withdraw funds at any Bank of America ATM for a discounted fee.

Barclays CDs are also managed on Barclays’ online banking system and offer a guaranteed rate of return with no minimum balance to open and no monthly service fees. Barclays began allowing monthly interest disbursements on its CDs in May of 2013. Both of these accounts may be easily opened and managed online.

Barclays online banking business is headquartered in Wilmington, Delaware, which is also home to its Barclaycard (credit card) division. The bank’s wealth management group is based in New York City, and all of its operations in the United States are subsidiaries of Barclays Bank PLC, a Financial Holding Company headquartered in London, England. The retail bank has no branches in the United States and provides its services through its online banking platform.

Barclays has a long history dating back to 1690, when two bankers started trading as goldsmith bankers. In 1965, the bank branched out to the United States for the first time when it started Barclays Bank of California in San Francisco. Today, the bank maintains operations through affiliates in over 20 countries.

Related Posts

Barclays CD Rate Changes: 5-Year Falls But Shorter Terms Rise - 7/11/2016

Barclays made several CD rate changes late last week. The 5-year CD rate had a large decline falling 30 basis points to 1.75% APY. The shorter terms had rate increases.

Barclays 5 Yr CD Now 1.75% - 7/8/2016

I'm not sure when this changed but it was 2.05% until very recently.

Barclays 5 Yr CD Rate Drop - 3/7/2016

Barclays 5 yr CD rate dropped from 2.25% to 2.05%

View all posts from:

12/2/13 - Barclays’ New Dream Savings Account
10/3/13 - Another 5-Year CD Rate Hike at Barclays
8/29/13 - Higher 5-Year and 4-Year CD Rates at Barclays
8/28/13 - Barclays 5Year CD Rate Increase
6/19/13 - Barclays 5Yr CD Rate Drop
5/17/13 - Barclays Online Savings Account Rate Falls After More Than a Year at 1.00%
5/16/13 - Rate Drop On Online Savings At Barclays
5/14/13 - Barclays Now Allows Interest Disbursement On CDs
4/29/13 - First Anniversary of Barclays Online Savings Accounts and CDs
3/19/13 - Barclays Increases Early Withdrawal Penalty on New CDs
3/16/13 - Discrepancy Between FAQ And Terms And Conditions For Barclays CD Early Withdrawal Penalties
1/29/13 - CD Rate Hike at Barclays - Review of Barclays Online CDs
1/23/13 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - January 2013
1/2/13 - Barclays 20% Deposit Account Bonus
11/15/12 - Barclays Surpasses $1 Billion In Deposits For Its Online Savings Accounts And CDs
11/9/12 - Barclays Probed By US Over Saudi Banking Licence
9/18/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - September 2012
8/7/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - August 2012
6/5/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties
5/8/12 - 5 Top Long-Term CD Rates After Early Withdrawal Penalties
5/7/12 - Barclays Officially Launches Its New Internet Bank
3/28/12 - Banks That Give Certainty About CD Early Withdrawals
3/23/12 - New Internet Bank with Savings Account and CDs Launched by Barclays

Great rates for secure CDs

I had been saving a great amount of money from my paychecks in order to put a down payment for a condo that I wanted. I started noticing however that no matter how much money I had in my savings account it would just sit there barely earning any interest which did not seem fare to me especially knowing how the banks use the money available. I started shopping for Certificate of Deposit accounts around my city but none of them seem to be a good fit either because of the lower rates or because I just did not trust bank performance. A friend of mine told me he had done business with Barclays and that it was a great bank. I decided to check it out and yes just like my friend said great rates. It was a little difficult getting thru the application process as I had to give and send a lot of information. However this made me trust them in how secure things were at the bank. After about 3 years it was time for my CD to finish the term and I was immediately contacted by one of their bankers showing me the options that I had to either retrieve my money or to continue with a different account. It was great to have someone call me as this made my experience very personal and it showed that they cared about my money and how much it could grow. Needless to say I would be happy to do business with Barclays again.

Barclays Review

Posted by: Khyati | 1 hour ago

I opened Barclays savings account about 7 months ago. The online sign up process took less than 15 minutes. I loved how it let me choose the name for what purpose this savings will be e.g. House, Student loans etc. It was easy enough to link this account to my salary account for automatic monthly deposits concurrent to my salary days. Also, currently Barclays has the highest interest rate of 1.05% APY. If you are doing deposits every month for 6 months and don't withdraw your money in those 6 months, Barclays gives you extra interest on the interest you accrued on all the interest. The only draw back is, this account only lets you put maximum $1000 per month. But overall I love the features, how easy to operate this account and of course the highest interest rates. I haven't used their app though so cant say much about it.

No Complaints at All

I've had a high yield savings account with Barclays for a number of years and have had no problems whatsoever. Their online banking platform is easy and intuitive. I can move money in and out of the account with no problems. They are available 24/7 if I ever have any issues or questions. Issue free banking - what else could I ask for?

Shows As 0.90% APY But Its Not

I have a savings accounts with Barclays and I was just monitoring how they calculate interest. I tried to check the calculation and to my surprise it was not matching. When I tried in all the possible ways of calculating interest and it didn't match to what I was getting, I called customer care. I asked them to help me understand the calculation and I was told that the calculation is all correct because the rep was sitting somewhere is far east and had a pre-fed calculator to check the math. I requested to explain me the formula but he failed. Then I asked for a manager and when i spoke to the manager, I came to know that the 0.90% APY is actually not 0.90% APY its 0.888896% APY and that my calculation on the amount is right. They have rounded it to display 0.90% APY.




Health Grade Components

FDIC Certificate #57203
Year Established2001
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD13.55%
Annual Interest Income$1.39B
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$29.67B$26.35B
LoansQ2 2016vs Q2 2015$23.45B$20.87B
DepositsQ2 2016vs Q2 2015$20.79B$17.55B
Equity CapitalQ2 2016vs Q2 2015$3.78B$3.42B
Loan Loss AllowanceQ2 2016vs Q2 2015$837.7MM$671.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$250.1MM$193.0MM
Real Estate OwnedQ2 2016vs Q2 2015$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Barclays 5 Yr CD Now 1.75%

MidAtlantic   |  
I'm not sure when this changed but it was 2.05% until very recently.

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Always verify rates and promotions with the bank or credit union. We are not Barclays; we are a rate comparison website and cannot provide official rates or promotions.

Barclays Savings Account Rates

1.05%--Dream Account
1.00%--Online Savings Account

Barclays CD Rates

1.75%--60 Month Online CD
1.60%--48 Month Online CD
1.50%--36 Month Online CD
1.35%--24 Month Online CD
1.25%--18 Month Online CD
1.20%--12 Month Online CD
0.60%--9 Month Online CD
0.55%--6 Month Online CD
0.35%--3 Month Online CD

Barclays is an Internet only bank and does not have branch locations. Its headquarters is located at 125 South West Street - Wilmington, DE 19801