Barclays


Overview / Commentary
888-710-8756
125 S. West St.
Wilmington, DE 19801

Written by Jessica Merritt | Edited by Ali Cybulski | Published on 12/3/2024

Barclays Bank is an online-only bank offering competitive interest rates on savings accounts and certificates of deposit (CDs), but it has limited products and services compared with competitors.

London-based Barclays, which has its U.S. headquarters in Delaware, provides American customers a choice of several federally insured deposit accounts, including high-yield savings accounts and CDs. With a straightforward product lineup, Barclays Bank targets those who want to maximize savings without branch-based banking.

Barclays Bank does not offer a checking account but has two savings account options. Choose from Barclays Tiered Savings, which bases rates on your account balance, or Barclays Online Savings.

Neither savings account requires a minimum opening deposit nor charges a monthly maintenance fee. Barclays Online Savings account earns an APY of 4.10%.

Barclays Tiered Savings bases rates on your account balance, and you can earn an annual percentage yield (APY) of 4.50% even if you keep less than $10,000 in your account. Larger balances of $250,000 or more can get an APY of 4.80%.

You can qualify for a $200 bonus on Barclays Tiered Savings if you’re new to the bank and open an account by Jan. 6, 2025. To get the bonus, you have to deposit at least $25,000 within the first 30 days and maintain the balance for 120 consecutive days.

APYs for Barclays Online CDs range from 0.10% for a 3-month term to 4.25% for a 12-month term. Terms start at 3 months and go up to 60 months. No minimum opening deposit is required to open a CD.

A fully online bank, Barclays Bank doesn’t have physical branches. But you can manage your account online or via the Barclays mobile app. Customer service is available by phone at 888-710-8756 from 8 a.m. to 8 p.m. Eastern time, seven days a week.

Barclays Bank pros and cons

Pros:
• Online savings accounts and CDs earn high interest rates with no monthly maintenance fees.
• No minimum opening deposit is required for savings accounts or CDs.
• Customers pay no monthly maintenance fees on savings accounts.

Cons:
• There are no physical branch locations.
• Barclays Bank does not offer checking accounts.
• Account offerings are limited compared with some competitors.

Related Posts

$200 Bonus On $20K 90 Days Savings - 2/3/2025

Barclays is offering a $200 bonus if you increase the balance in your savings account on 1/28/2025 by $20K and leave it there for 90 days. The savings account currently pays 3.9% APY. I saw this offer when i logged into online banking. It also looks like you can get a $200 bonus on a new tiered savings account which pays 4.25% APY by depositing $25K and leaving it there for 90 days. The fine print says that previous and current savings account customers do not qualify.

Barclays Rate Changes as of 1-24-2025 - 1/24/2025

Barclays lowers the rates of their Online Savings and their 12-month CD. Barclays rates (APY) as of 1-24-2025 include: Tiered Savings @ 4.50% (no change) Tiered Savings @ 4.25% (no change) Online Savings @ 3.90% (was 4.00%) 6-month @ 3.80% (no change) 9-month @ 3.80% (no change) 12-month @ 4.00% (was 4.10%) 18-month @ 3.25% (no change) 24-month @ 3.00% (no change) 36-month @ 3.00% (no change) 48-month @ 3.00% (no change) 60-month @ 3.25% (no change) For more information regarding Barclays products see: https://www.banking.barclaysus.com/tiered-savings.html https://www.banking.barclaysus.com/online-savings.html https://www.banking.barclaysus.com/online-cds.html

Barclays Rate Changes as of 1-13-2025 - 1/14/2025

Barclays lowers the rates of their Tiered Savings and 3 of their CDs. Barclays rates (APY) as of 1-13-2025 include: Tiered Savings @ 4.50% (was 4.65%) Tiered Savings @ 4.25% (was 4.35%) Online Savings @ 4.00% (no change) 6-month @ 3.80% (was 4.00%) 9-month @ 3.80% (was 4.00%) 12-month @ 4.10% (was 4.15%) 18-month @ 3.25% (no change) 24-month @ 3.00% (no change) 36-month @ 3.00% (no change) 48-month @ 3.00% (no change) 60-month @ 3.25% (no change) For more information regarding Barclays products see: https://www.banking.barclaysus.com/tiered-savings.html https://www.banking.barclaysus.com/online-savings.html https://www.banking.barclaysus.com/online-cds.html

View all posts from:

12/16/22 - Barclays Rate Changes As Of 12-16-2022
11/9/22 - Online Savings 3%
11/4/22 - Barclays Rate Changes For 11-4-2022
10/14/22 - Online Savings Rate 2.4%
10/7/22 - Barclays Rate Changes For 10-7-2022
9/28/22 - Barclays Rate Changes 09/28/2022
7/16/22 - Barclay's Bank Savings Rate Now At 1.40%
6/24/22 - Barclays Rate Changes 06/24/2022
6/3/22 - Increase To 0.9 % At Barclay Bank
8/25/20 - Barclays Again Disappoints Savers With A Rate Cut.
7/29/20 - Barclays Slashes Online Savings Rate To 0.80%
5/31/20 - Barclays Going Down Again
5/7/20 - Barclays Bank Slashes Deposit Rates
12/18/19 - Review of Barclays' Savings and CD Rates
10/10/19 - Changes To Payable-On-Death Beneficiary
9/4/19 - Barclays Cuts Savings And CD Rates.
7/19/19 - Barclays Bank Continues Cutting CD Rates, But Savings Rate Returns To 2.20%
7/2/19 - Barclays Cuts Online Savings Rate To 2.10%
3/27/19 - Barclays Lowers CD Rates By 5 Basis Points
2/1/19 - Barclays Increases Rates ON Select CD Terms
12/27/18 - Barclays Increases Rate of Online Savings Account
12/27/18 - Barclays Raises Online Savings Rate To 2.20%
12/6/18 - CD Rate Increase
10/30/18 - Barclays Hikes Online Savings Account Rate
9/28/18 - Barclays Increases Rates of Online Savings Account and CDs
9/27/18 - Barclays Responds To FED With Small Increase In Savings And CD Rates
8/1/18 - Barclays Online Savings APY Raised
8/1/18 - Barclays Raises Online Savings And 12-Month CD Rates.
7/17/18 - Barclays Increases Rates on Four Online CDs
7/14/18 - CD Rate Increases At Barclays: 3.00% 60-Month
6/27/18 - Barclays Raises Online Savings Account Rate
6/27/18 - Barclays Ups Online Savings Rate To 1.75%
6/13/18 - Small CD Rate Increases At Barclays
5/23/18 - Barclays Raises Online Savings Account Rate
5/23/18 - Savings Rate Increased
5/4/18 - Barclays Increases Rates on Five Online CDs
5/4/18 - Barclays Increases Several CD Rates....But NO Increase On Online Savings.
4/2/18 - Barclays Increases Rates on Four Online CDs
3/5/18 - Barclays Increases Rates on Six Online CDs
3/5/18 - Small CD Rate Increases At Barclays Bank
3/5/18 - CD Bump Up
2/12/18 - Barclays Increases Rates on Five Online CDs
2/12/18 - CD Rates Increased
1/23/18 - Barclays Increases Online Savings Account Rate
1/23/18 - Barclays Increases Online Savings Account To 1.50%
1/11/18 - Barclays Hikes Online CD Rates
1/9/18 - Barclays Increases Online Savings Account Rate
1/9/18 - Barclays Raises Online Savings Account To 1.40% APY
12/27/17 - Barclays Ups Online CD Rates, 5-Year CD Remains the Most Competitive
10/6/17 - Barclays Increases Online Savings Account Rate
10/6/17 - Barclays Online Savings Now 1.30%
10/3/17 - Barclays Ups 5-Year CD Rate and Two Short-Term CD Rates
7/25/17 - Another Savings Account Rate Increase at Barclays
7/25/17 - Barclays Online Savings Rate Increase
7/11/17 - Barclays Increases Online CD Rates
7/11/17 - Higher CD Rates
6/19/17 - Barclays Increases Online Savings Account Rate
6/19/17 - Another Rate Increase For The Online Savings Account
6/6/17 - Barclays Increases 1-Year and 2-Year Online CD Rates
5/3/17 - Barclays Increases Rates on Most of Its CDs
7/11/16 - Barclays CD Rate Changes: 5-Year Falls But Shorter Terms Rise
7/8/16 - Barclays 5 Yr CD Now 1.75%
3/7/16 - Barclays 5 Yr CD Rate Drop
9/10/15 - Barclays 5 Year CD Back At 2.25% APY.
4/1/15 - Barclays Raises 2-Year Online CD Rate
12/15/14 - Barclays Online Savings Account Joins the 1% Club
8/1/14 - Barclays CD Early Out
4/3/14 - Barclays Raises 5-Year and 4-Year CD Rates
1/16/14 - Higher CD Rates at Barclays
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
1/2/13 - 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
5/8/12 - 5 Top Long-Term CD Rates After Early Withdrawal Penalties
5/7/12 - Barclays Officially Launches Its New Internet Bank
3/23/12 - New Internet Bank with Savings Account and CDs Launched by Barclays

Great Bank. Easy To Open Savings Account.

Posted by: |

Opened tiered savings account in 15 minutes. They did ask me to email my DL, SS card and utility or bank statement but then they sent me an email the next morning saying not needed as they were able to verify my identity. So if you wait 12 hrs you should be good to go without sending them anything. So far I'm happy to get 4.35% apy. Can't understand all those negative reviews. Maybe your credit is no good.

Rates Too Low

Posted by: |

Fed fund rate goes up .5 percent Barclay rate increased .05 there is an extra zero in this. Banks too spoiled for loose Fed Fund supply. Match the rates

Worst Customer Service

Absolutely the worst customer service agents. rude. combative. Tries to avoid providing the rep name. Denies request for a supervisor. Refused to take down my credentials such as name and account number. Awful. In addition the website sucks. Merged their Credit Card and Savings website into a mess. Now I have no access to my funds. Will be transferring them out of this bank as soon as possible. Only redeeming quality was the high interest rate yield on the savings account.

Won't Transfer Money Back Or Close Account Sta Away!

Posted by: |

Since Barclays is offering a $200 bonus and one of the highest yields on a savings account, I opened an account and linked an external account. After they got my $250K, I tried to link my two checking accounts. After they made the small deposits and withdrawals, I went back to do the verification, but when I tried to log on a message showed the access was now restricted and to call the 888 number. I called and was told to send in the bank statements from these two accounts and my driver's license, which I promptly did. Two days later I was still locked out of the account, so I called again. I was initially told the same thing to send the documents. I told them I had sent them 2 days ago. She looked again and said yes, but it would take 10-15 days to review the documents. I told her tat was unacceptable and to transfer me to a supervisor. She put me on hold came back and said no supervisor was available but one could call me in 24 to 48 hours. I said that was unacceptable and to transfer the money back to the linked account and close this account. She set up a ticket to do so and said it would take 2-4 days to complete. I then filed a complaint with the CFPB, from which I got the were working on responses from Barclays. Four banking days after the transfer request, I got and email that said the transfer was rejected for suspected fraud, even though the customer rep had verified my info and prepared the ticket. I called back again. This time I was told the transfer was still in process and it should clear today, but she could not explain why I got the suspected fraud email. I asked for a supervisor and was told I didn't have that option. At least they are paying interest on the money so it would seem since the rejection showed that. We will see.

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Health

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees4481
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.28%
Annual Interest Income$4.37B
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$41.25B$38.41B
LoansQ3 2024vs Q3 2023$28.95B$27.6B
DepositsQ3 2024vs Q3 2023$32.21B$30.08B
Equity CapitalQ3 2024vs Q3 2023$5.78B$5.03B
Loan Loss AllowanceQ3 2024vs Q3 2023$2.55B$2.62B
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$514MM$426MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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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.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$250k*-Tiered Savings Account
OTHER TIERS: 4.25% $0 - $250k
3.90%$0-Online Savings Account

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$0-12 Month Online CD
3.80%$0-6 Month Online CD
3.80%$0-9 Month Online CD
3.25%$0-18 Month Online CD
3.25%$0-60 Month Online CD
3.00%$0-24 Month Online CD
3.00%$0-36 Month Online CD
3.00%$0-48 Month Online CD
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.