|Account Type||APY||Account Name||Min||Max|
|Savings||1.20%||Online Savings Account||-||-||Details »|
|CD||1.45%||12 Month Online CD||-||-||Details »|
|CD||1.70%||24 Month Online CD||-||-||Details »|
|CD||2.30%||60 Month Online CD||-||-||Details »|
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.
The point of me banking with an online only bank is to limit my access to the funds and to reduce the liquidity of my funds. Barclays is a UK based bank and they have certain banking solutions they offer to people in the US. Three of which are online savings, CD, and investment accounts. I have all three services. I chose Barclays because they have higher interest rates for their CDs and Savings Accounts. The interest is paid monthly. I get paid from my employer every other week and I transfer about 20 percent of my pay into my Barclays' Saving account. It take about three business days for the funds to show up in the Barclays' Savings Account. My CD is in a year term with a higher interest rate than most US based banks and every year it comes due, I take half of what is in my savings add it up to the CD and roll it over for another 12 month term. I have only called Barclay's one time since I opened my accounts in 2012 and that was because I locked myself out of my account. They asked a series of questions and the customer service was quite excellent. which I am thankful for, because at that moment I was assured my accounts are in good hands.
I have had a savings account with Barclays for over three years. Withdrawing money is both fast and easy and the APY is much higher than my primary bank. I have only had to call customer service once when I locked myself out of the account but the wait time was really short and the associate was very polite and helpful. I would highly recommend this savings account.
From a bank perspective, Barclays is a good, solid bank. There is nothing flashy about the products offered, but the fees and associated costs are standard across the board and fair in comparison to the other competitors/big banks. However, the real benefit is their web interface and apps which make the experience that much better. I have both my checking and savings with Barclays and always enjoy checking in because I find their web-based products easy and, actually, fun to use. This really goes a long way to making for an enjoyable experience, particularly, as a young person who is sometimes a little hesitant to face my finances head-on.
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.
THIS IS REALLY SHOCKING.
|FDIC Certificate #||57203|
|Return on Assets - YTD||3.68%|
|Return on Equity - YTD||28.18%|
|Annual Interest Income||$791.6MM|
|Assets and Liabilities|
|Assets||Q1 2017vs Q1 2016||$31.29B$29.37B|
|Loans||Q1 2017vs Q1 2016||$23.08B$22.46B|
|Deposits||Q1 2017vs Q1 2016||$21.97B$20.68B|
|Equity Capital||Q1 2017vs Q1 2016||$4.31B$3.69B|
|Loan Loss Allowance||Q1 2017vs Q1 2016||$811.7MM$770.9MM|
|Unbacked Noncurrent Loans||Q1 2017vs Q1 2016||$285.1MM$254.5MM|
|Real Estate Owned||Q1 2017vs Q1 2016||$0$0|
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.
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.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.20%||-||-||Online Savings Account|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|2.30%||-||-||60 Month Online CD|
|2.05%||-||-||48 Month Online CD|
|1.95%||-||-||36 Month Online CD|
|1.70%||-||-||24 Month Online CD|
|1.50%||-||-||18 Month Online CD|
|1.45%||-||-||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