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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.

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Barclays Hikes Online CD Rates, 4-Year Rises to 2.25% APY - 1/11/2018

Barclays has been busy this week. On Tuesday its Savings Account rate increased to 1.40% APY, and today it increased the rates on most of its Online CDs

Barclays Increases Online Savings Account Rate to 1.40% APY - 1/9/2018

Barclays is the latest big internet bank to raise their savings account rate. Barclays’ Online Savings Account rate went up this morning by 10 bps to 1.40% APY.

Barclays Raises Online Savings Account To 1.40% APY - 1/9/2018

Not a leader, but still competitive.

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Reviews (184)

as expected nothing but internet use for me

Posted by: Graphicem | Jan 13, 2018

So far so good--Barclays has met my expectations and made it easy for me to transfer money online (only) to and from a couple of other institutions (savings and checking accounts). The online savings account has decent interest rates that have almost been equal to CD rates in other places. I get a monthly summary email with my savings interest which lets me see how much money gets added to my savings account regularly. I also have a few CD's with Barclays which I was able to transfer funds from my Barclays savings account without issue--the CD rates have been competitive with any of the other online banks. The summary of all my accounts in one place make it easy to see what CD's are coming due and I can choose what I want to do with the distributions (deposit into my savings account, or deposit into the CD). When a CD comes to term I can choose to renew at current rate (which I can see) or just deposit into my savings account.

A pleasure

Posted by: Feragorma | Jan 13, 2018

I have a savings account through Barclay's. I love having them as my online bank. They have a great rate and do well for people who travel. Barclay's online banking is a pleasure from beginning to end. The user interface is beautifully designed and intuitive. The app is equally pleasurable to use. The fees are reasonable, and certainly a concern for a person of means such as myself, or for anyone who is, shall we say, comfortable.

Savings Account

I had a savings account with Barclays for a few years and really enjoyed how easy it was to maintain. The institution was up front about any fees that I needed to pay and the parameters of the account. It was very easily to navigate their electronic content and to figure out how to do the different things I needed to do (like deposits and transfers). When I needed to close my account, it was incredibly simple to do online and I did not feel like I needed to jump through any hoops to get it done. I believe I also talked to customer service and they were helpful as well. I would definitely recommend banking with them to my friends and family.

Beware Of Barclays Bank

Posted by: Beware | Nov 14, 2017

have been banking with Barclays us for several years and have several CDS with them, as well as two savings accounts, and I had intended on just leaving the interest until the CDS matured..

My problems began when I wanted to check their last financial statement for the third quarter of 2017, I was shocked they told me they are not required to do that, and gave different numbers that were all disconnected of course. Then all my monthly statements disappeared as if these accounts were no existent. I worked with them for a week no resolution.

This prompted me to close all Savings accounts, and transfer all the accumulated interest from the CDS., and discontinue any more Deposits with this Bank. It also prompted me to do more research, to find out this Bank does not make loans to Consumers, so I asked them what are they doing with all this money they are inducing people to Deposit, no answer of course.

I have now had to file a complaint with the Consumer Financial protection Bureau. I was even more horrified when I googled about Barclays and found people saying their money had just disappeared from their accounts as if it never existed in Barclays Uk. Barclays has on their web site , they state Barclays is their parent Company, this is no longer seems to be the Case either in information I saw.

I am posting my experiences so people can be aware of the problems. In reading a lot of other reviews, Barclays US seems to be okay while they are getting money from you , but a lot of Consumers State they have a problem when they want their money. Furthermore this is the third time I have posted this review and they delete it.

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Health

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees3698
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD8.54%
Annual Interest Income$2.31B
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$33.07B$31.24B
LoansQ3 2017vs Q3 2016$25.28B$23.73B
DepositsQ3 2017vs Q3 2016$23.22B$21.82B
Equity CapitalQ3 2017vs Q3 2016$4.27B$3.87B
Loan Loss AllowanceQ3 2017vs Q3 2016$1.25B$930.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$310.5MM$283.6MM
Real Estate OwnedQ3 2017vs Q3 2016$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 Raises Online Savings Account To 1.40% APY

buckeye61   |  
Not a leader, but still competitive.

Rates
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Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%--Online Savings Account

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%--60 Month Online CD
2.25%--48 Month Online CD
2.05%--36 Month Online CD
1.90%--24 Month Online CD
1.80%--18 Month Online CD
1.75%--12 Month Online CD
0.60%--9 Month Online CD
0.55%--6 Month Online CD
0.35%--3 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