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888-710-8756
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

Best Bank for your Money!

Posted by: MeganLC | Jun 28, 2016

I use Barclays for my online savings because it's Annual Percentage Yield (APY) is one of the most competitive in the market and it's easy to use and there are no fees associated with my accounts. The most important thing to me when I'm not using money is that it's working for me. Barclay's regular savings comes in at 1.00% APY, which is in line with other online banks but their Dream Account savings is 1.05% APY! The Dream Account is limited to a deposit of $1000/monthly but you can get extra money every 6 months if you consistently deposit funds and another bonus if you do not withdrawal funds--and it's not mutually exclusive! So as long as you continue to save money, you can get some extra money. The Dream Account is amazing because for me it encourages and motivates me to continue to save money because the bonus amounts make you feel good and help your account grow. If you want to deposit more than $1000/month into savings you can just deposit it into your regular Barclay's savings account. My local bank offered savings rates of .2% APY so it was a no brainer to switch to online banking. It doesn't bother me that I cannot withdrawal the money immediately from an ATM because my goal is to be saving money! But if I need to transfer funds, I can easily and quickly do it from my account. Their customer service is also very helpful. So if you want to save money and your savings make money without having to do anything extra, you should definitely bank with an online bank. If you want to make the most out of your money then do it with Barclay's!

Barclays Online Savings

Posted by: drh44017 | Aug 5, 2016

Barclays Online Savings is a great fee-free online savings account. All you have to do is link your checking account to them, and you can transfer money into your savings account. They have decent interest rates, too.

Great Company

Posted by: ArdenSven | Aug 5, 2016

There's really no beating this bank when it comes to online banking. I've had a few different online savings accounts, but I've decided to switch almost all of it to Barclays. I've only had good experiences with their customer service when trying to set up accounts and using their online site. Their 1% APY is also one of the highest I've seen around and not needing a minimum balance to open made it very easy to open. You really can't beat the convenience of online banking and the perks it comes with!

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.

THIS IS REALLY SHOCKING.

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Health
A

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees2893
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.94%
Return on Equity - YTD15.29%
Annual Interest Income$673.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$29.37B$25.22B
LoansQ1 2016vs Q1 2015$22.46B$19.86B
DepositsQ1 2016vs Q1 2015$20.68B$17.00B
Equity CapitalQ1 2016vs Q1 2015$3.69B$3.21B
Loan Loss AllowanceQ1 2016vs Q1 2015$770.9MM$642.6MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$254.5MM$200.7MM
Real Estate OwnedQ1 2016vs Q1 2015$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 5 Yr CD Now 1.75%

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

Rates
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Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%--Dream Account
1.00%--Online Savings

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
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