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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.

Related Posts

Another Savings Account Rate Increase at Barclays - 7/25/2017

Barclays has just raised the rate on its Online Savings Account (1.20% APY). It was just over a month ago when Barclays increased the savings account APY to 1.15%.

Barclays Online Savings Rate Increase - 7/25/2017

Another Jump today to match Synchrony Bank! Was:1.15% Now: 1.20%

Barclays Increases Online CD Rates - 7/11/2017

Barclays increased the rates today on its Online CDs with terms from 12 months to 60 months. The largest rate increases were on the CDs with terms of 36- and 48-months.

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Reviews (146)

Excellent Online only Savings

Posted by: Formania | Sep 23, 2017

I have used the Barclay's Online Savings account for about two years now. I was researching the best savings account and decided on this one to park a fairly large amount of money that I still wanted easy access too. Linking the Barclays account with my usual savings/checking bank accounts was all online and worked like a breeze. The best part about this place is that in the two years since I have had an account they have increased interest rates two times! I am now collecting a whopping 1.2% interest on my savings account which is unheard of in the brick and mortar banking world. I am a huge fan of this savings account!

Barclays had me at no fees

My old bank decided to pull a bait and switch move on me by introducing monthly fees about a year after I opened an account with them so I decided to switch to Barclays and its a decision I don't regret one bit. I'm happy that I have no minimums imposed on me and I'm especially happy that my account doesn't incur any fees if I don't maintain a certain minimum - that's a huge pet peeve of mine and lucky for me, something I don't ever have to worry about when it comes to Barclays!!

Barclays - Great Customer Service

I have banked with Barclay's for almost a decade now. Overall, I have been very pleased with the products and services I have received from Barclay's, both in a branch and online. I currently have a personal checking and savings accounts, and a business checking account. I have ultimately stayed with Barclay's over the years due to their customer service. People are always very courteous in the branches, and I always feel very welcome. Specifically, I have been the victim of fraud a couple times since joining Barclays. It's a horrible experience, but each time, Barclay's has made it tolerable. Bankers have sat down with me and gone through months of purchases just to make sure there weren't any other charges I was over looking. Then they put the money from the fraudulent charges right back in my account, the same day. I didn't have to wait for their investigation to get my money back. I felt that they were dedicated to me. I would recommend them to anyone to bank with.

Great Bank For Your Goals

I have had great experience banking with Barclays. My checking account is very easy to use, my checks are affordable and I can always contact a customer service representative when necessary. My debit card has been accepted both domestically and internationally.
In the past I have had fraudulent transactions that have occurred on my debit card. The fraud department promptly stopped my card, reached out to me directly, and advised of the next steps. My card was replaced quickly and I was not responsible for the charges. I appreciated the bank's attention to detail in protecting my assets. I would recommend this bank to anyone looking for an institution who values their clients.

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Health

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees3387
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.22%
Return on Equity - YTD16.55%
Annual Interest Income$1.52B
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$30.81B$29.67B
LoansQ2 2017vs Q2 2016$24.37B$23.45B
DepositsQ2 2017vs Q2 2016$21.37B$20.79B
Equity CapitalQ2 2017vs Q2 2016$4.36B$3.78B
Loan Loss AllowanceQ2 2017vs Q2 2016$897.8MM$837.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$277.0MM$250.1MM
Real Estate OwnedQ2 2017vs Q2 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 Online Savings Rate Increase

buckeye61   |  
Another Jump today to match Synchrony Bank!
Was:1.15% Now: 1.20%

Higher CD Rates

ChasR   |  
Looks like Barclays's has upped posted CD rates--eg, 2-year at 1.70% APY, 3-year at 1.95% APY,5-year at 2.30% APY.

Rates
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Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%--Online Savings Account
1.20%--Dream Account

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%--60 Month Online CD
2.00%--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
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