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125 South West Street
Wilmington, DE 19801

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.

Related Posts

Barclays CD Rate Changes: 5-Year Falls But Shorter Terms Rise - 7/11/2016

Barclays made several CD rate changes late last week. The 5-year CD rate had a large decline falling 30 basis points to 1.75% APY. The shorter terms had rate increases.

Barclays 5 Yr CD Now 1.75% - 7/8/2016

I'm not sure when this changed but it was 2.05% until very recently.

Barclays 5 Yr CD Rate Drop - 3/7/2016

Barclays 5 yr CD rate dropped from 2.25% to 2.05%

View all posts from:

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
1/23/13 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - January 2013
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
9/18/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - September 2012
8/7/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties - August 2012
6/5/12 - Comparison of Long-Term CD Rates After Early Withdrawal Penalties
5/8/12 - 5 Top Long-Term CD Rates After Early Withdrawal Penalties
5/7/12 - Barclays Officially Launches Its New Internet Bank
3/28/12 - Banks That Give Certainty About CD Early Withdrawals
3/23/12 - New Internet Bank with Savings Account and CDs Launched by Barclays

Reviews (114)

My 6 Month Experiences With Barclays

Posted by: simplesam | May 14, 2013

Easy to open. Easy to setup multiple banks. East to use and manage account on simple website.

Hold time  seems long, but does not effect me as I am not doing in & out transactions

Highly recommended by someone who is looking for a good rate and easy access to my money.

On-Line Banking Made Easy

Posted by: JCKyle | Jan 12, 2017

For many years, all we had were the standard "brick and mortar" type banks. With the profound impact of the internet, it is now easy to avoid long lines, inconvenient hours and mediocre customer service. My acquaintance with Barclays began when I participated in a qualifier tournament for the U.S. Open, several years ago. As part of the "swag" bag of gifts received was a brochure for Barclays. Due to my association with the PGA, and participation in the tournament, I was offered a gift card for joining. While the gift came in handy, the experience has been superb. I can use the mobile app for deposits, access their site for easy transfers from one account to another, and can use almost any ATM to make deposits or get cash. The site is secure, compatible with my own security software and customer service is always just a "chat" away, anytime of the day or night. For my banking needs, this was the best decision I ever made.

Savings: They Hold Your Money For More Than 10 Days!

I have been a customer for years, and I have never had this issue with them before.

I have a savings account on which I make regular deposit. I recently made a deposit of 15k. After 5 days of my funds to be on hold (funds taken from my checking bank account from another bank right away), I contacted customer services. No reply. The next day I contacted them again, no reply. I eventually sent 8 emails and finally got a generic reply: Funds are held minimum 5 days and more than 10 days if we need to verify the funds. However my account was plenty verified! And yet, my funds are still on hold.

I will cancel this account for 100% lack of support and more importantly I can't trust that I will be able to retrieve my funds, even after 8 emails.

Shows As 0.90% APY But Its Not

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.




Health Grade Components

FDIC Certificate #57203
Year Established2001
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD11.94%
Annual Interest Income$2.18B
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$31.24B$26.61B
LoansQ3 2016vs Q3 2015$23.73B$21.26B
DepositsQ3 2016vs Q3 2015$21.82B$18.16B
Equity CapitalQ3 2016vs Q3 2015$3.87B$3.47B
Loan Loss AllowanceQ3 2016vs Q3 2015$930.9MM$682.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$283.6MM$210.7MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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Barclays Savings Account Rates

1.05%--Dream Account
1.00%--Online Savings Account

Barclays CD Rates

1.75%--60 Month Online CD
1.60%--48 Month Online CD
1.50%--36 Month Online CD
1.35%--24 Month Online CD
1.25%--18 Month Online CD
1.20%--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