Barclays


Overview / Commentary
888-710-8756
125 South West Street
Wilmington, DE 19801

Barclays, a DepositAccounts.com advertiser, 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 Rates as of 5-14-2024 - 5/14/2024

Since DepositAccounts.com is currently not allowing comments to be made on posts covering Rate Changes in this section of the Forum, I placed my Rate Change post “Barclays CD rates as of 5-14-2024” here: https://www.depositaccounts.com/community/misc/57741-barclays-cd-rates-5142024.html where comments can be made.

Barclays CD Rates as of 4-11-2024 - 4/11/2024

Barclays CD rates (APY) as of 4-11-2024: 6-month @ 5.00% (was 5.30%) 12-month @ 5.00% (no change) 18-month @ 4.50% (no change) 24-month @ 4.00% (no change) 36-month @ 3.50% (no change) 48-month @ 3.50% (no change) 60-month @ 3.75% (no change) For more information regarding Barclays CDs see: https://www.banking.barclaysus.com/online-cds.html

Barclays Savings Account Bonus (Up To $200) Now Through 5/3/2024 - 4/1/2024

Just noticed this promotion on Barclays' online savings account page. Unfortunately, it's only for new customers. https://www.banking.barclaysus.com/online-savings.html Excerpts: Headlines: New Barclays Savings customers Now through 5/3/2024 get a $200 Bonus after depositing $25,000 Small print: $200 Bonus Offer: To qualify for this bonus offer, you must be a new Barclays Savings customer (current and previous Barclays customers with a Savings account or CD are not eligible), open an account 3/4/2024 through 5/3/2024, fund your new savings account with at least $25,000 within the first 30 days of opening the account, and maintain the balance of at least $25,000 for 120 consecutive days. After you maintain the $25,000 balance for 120 consecutive days, the $200 bonus will be added to your account in approximately 60 days. Offer expires 5/3/2024. You may make multiple deposits to your account from another financial instituti

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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%
6/21/19 - Barclays Cuts Online CD Rates - 60-Month Falls To 2.85%
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
5/16/17 - Barclays Raises Online Savings Account Rate
5/3/17 - Barclays Increases Rates on Most of Its CDs
4/5/17 - Barclays Raises 5-Year CD APY To 2.00%
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
5/7/12 - Barclays Officially Launches Its New Internet Bank
3/23/12 - New Internet Bank with Savings Account and CDs Launched by Barclays

Reviews (247)

Barclay Is A Good Bank...

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Barclay is a good bank. Folks can feel secure banking with them. Today they just raised their savings interest rate in one generous swoop from 2.4% to 3%. They had remained at a stubborn 2.4% for way too long while many of the other banks on this forum were already at 3% or more and going even higher after the Nov 2 Fed meeting of the .75% rate hike. (Fed hike as was expected) If Barclay is going to be competitive, as they appear to want to be, I wish they would be a bit more proactive and keep up with their competition in a more timely fashion. (and before I had already transferred 95K out of my account 24hrs ago. lol) Clients can’t afford to sit around on large balances at 2.4% wondering what Barclay is thinking and planning on doing as the days tick by into the new month. While I do NOT seek the ultra-high max 3.5% rates found at some of the smaller name banks with poor customer service and scary feedback, I also don’t want to be sitting around indefinitely on a stubborn low 2.4% rate at the better banks either. All in all, I still overall rate Barclay here as a 5 star bank with which importantly you can bank without worries.

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

Customer Service/Communications Poor.

Posted by: |

Completed application for savings and CD. Upon completion, acknowledgement said wait for notification of account setup being completed. 9 days later nothing. Called for status update and told I needed to send a bunch of personal/sensitive documents via email. Obviously I questioned that and was told I could send it as a zipped encrypted file then call with the password. When I asked why I wasn't sent an email telling me this, I was told that they don't do that and that they expect the customer to call them and ask. Absurd. If that is the quality of their customer service before they have my money, I would hate to think what it would be like if I was trying to take it out.

Worst Bank Ever!!

Posted by: |

I've been a costumer for over 17yrs and it is really hard to do simple stuff with this bank like changing your phone number it's not allowed on the app. you have to send really sensitive documents via mail like your SSC and drivers license just to update your number. also, your rewards are never accessible... they make it really hard for you to earn $1 after spending 3k. just stick to other banks with greater cash back. I don't recommend this bank at all. They make you pay and responsible for charges you didn't even authorize when someone steals your card. If I was you, I'd stay away from this private bank it's not worth your time or money. I'm on my way to report this to BBB Better Business Bureau. It is a waste of time dealing with them since they don't even credit your account when bad stuff happens to you. they make you responsible for fraud and suspicious activity and want you to deal with the merchant yourself when it is supposed to be their job. USELESS CUSTOMER SERVICE. I have never had a problem with other banks and I have a perfect 800 credit score. even to cancel your account they make it really hard. This is my first time complaining about something in life and it is bc this card and bank don't do what they promise. No rewards and no help with stolen card.

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Health

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees5067
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD3.97%
Annual Interest Income$5.39B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$41.58B$37.46B
LoansQ4 2023vs Q4 2022$29.52B$27.6B
DepositsQ4 2023vs Q4 2022$31.72B$28.42B
Equity CapitalQ4 2023vs Q4 2022$5.17B$5.6B
Loan Loss AllowanceQ4 2023vs Q4 2022$2.64B$1.61B
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$505MM$360MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%--Online Savings Account

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%--12 Month Online CD
4.85%--6 Month Online CD
4.50%--18 Month Online CD
4.00%--24 Month Online CD
3.75%--60 Month Online CD
3.50%--36 Month Online CD
3.50%--48 Month Online CD
Locations

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