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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 Raises Online Savings Account Rate - 5/16/2017

Barclays increased the APY of its online savings account from 1.00% to 1.05% today. This is the highest rate since they launched the online bank in 2012. I’ll have more on this later.

Barclays Increases Rates on Most of Its CDs - 5/3/2017

Barclays increased the rates on most of its CDs yesterday. The 5-year CD had the largest increase with the rate rising by 25 basis points to 2.25% APY.

Barclays Raises 5-Year CD APY To 2.00% - 4/5/2017

Barclays 5-year CD now earns 2.00% APY (was 1.75%) It’s still not a rate leader, but Barclays CDs have some nice features including: 1) Allows partial withdrawals of principal 2) Early withdrawal penalty is 180 days simple interest on the amount withdrawn

View all posts from:

12/15/14 - Barclays Online Savings Account Joins the 1% Club
8/1/14 - Barclays CD Early Out
4/3/14 - Barclays Raises 5-Year and 4-Year CD Rates
1/16/14 - Higher CD Rates at Barclays
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 (126)

Barclays Dream Account Benefits

Posted by: sofiakirk | May 19, 2017

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.

Reliable customer service

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.

Experience with Barclay US

I used to have an online savings account with Barclays a few years ago. The whole process of obtaining the account was very easy because it was done electronically. I wanted an online savings account with a higher interest rate because the local branches like Chase and Bank of America all have very low interest rates on savings accounts. I already had a Barclays credit card so I decided to open up a savings account with them. The process was very easy and the rates were much higher. I also considered Discover Bank but wanted to stay within the Barclays family of products. The website is very easy to use and it was easy for me to transfer money from/to other external accounts if I wanted to withdrawal money. I eventually closed the account because I was not using it and held very little balance. I moved all of my savings to a CD with a higher rate at a different bank.

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

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees3190
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.68%
Return on Equity - YTD28.18%
Annual Interest Income$791.6MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$31.29B$29.37B
LoansQ1 2017vs Q1 2016$23.08B$22.46B
DepositsQ1 2017vs Q1 2016$21.97B$20.68B
Equity CapitalQ1 2017vs Q1 2016$4.31B$3.69B
Loan Loss AllowanceQ1 2017vs Q1 2016$811.7MM$770.9MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$285.1MM$254.5MM
Real Estate OwnedQ1 2017vs Q1 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 Rate

Ken Tumin   |  
Barclays increased the APY of its online savings account from 1.00% to 1.05% today.

This is the highest rate since they launched the online bank in 2012. I’ll have more on this later.

Barclays Raises 5-Year CD APY To 2.00%

Ken Tumin   |  
Barclays 5-year CD now earns 2.00% APY (was 1.75%)

It’s still not a rate leader, but Barclays CDs have some nice features including:

1) Allows partial withdrawals of principal
2) Early withdrawal penalty is 180 days simple interest on the amount withdrawn

Rates
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Barclays Savings Account Rates

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

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
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