|Account Type||APY||Account Name||Min||Max|
|Savings||1.05%||Online Savings Account||-||-||Details »|
|CD||1.30%||12 Month Online CD||-||-||Details »|
|CD||1.55%||24 Month Online CD||-||-||Details »|
|CD||2.25%||60 Month Online CD||-||-||Details »|
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.
My girlfriend and I opened a Barclays Dream Account in our mid-20's because the interest rates were fantastic. We had no prior experience with Barclays, and we shopped around extensively before determining that the Dream Account was the best way to grow our savings with absolutely no risk of losing our initial investment. Barclays customer service was fantastic, and our account was ready to go in minutes. Their online platform is incredibly easy to use, and we were able to totally automate our savings in no time using their convenient online transfer options. Thanks to Barclays, we were able to grow our savings substantially over the next couple of years, and we began saving and investing more aggressively. I would highly recommend the Barclays Dream Account to anyone who wants to safely and securely grow their wealth.
I really enjoy banking with Barclays because the customer representatives there give us the best experience compared to other banking institutions. I have a savings account with them and there was a couple times where I had some issues accessing my account online. The people working there were able to help me resolve this in a matter of minutes. For example one time I was locked out of my account and I called Barclays for assistance. They were able to tell me quickly that there were multiple attempts of incorrect password use online so they temporarily disabled my account. The interest rates there also seem to be more competing to bigger banks like wellsfargo and Bank of America.
I have a checking account with Barclays for past 5 years and have been very pleased with the service. The terms and conditions were made simple and easy to understand while opening the account. Barclays was also kind enough to waive a late charge as a courtesy adjustment when I was late for a payment. Their customer care is also well attended and person calling has to spend less time on automated voice and can speak with a real person soon. Barclays also offered customized products based on my balance which aligned with my needs and gave good returns.
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|
|1.05%||-||-||Online Savings Account|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|2.25%||-||-||60 Month Online CD|
|1.75%||-||-||48 Month Online CD|
|1.65%||-||-||36 Month Online CD|
|1.55%||-||-||24 Month Online CD|
|1.40%||-||-||18 Month Online CD|
|1.30%||-||-||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