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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 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

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.

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 (121)

Barclays is a good deal

I currently have an online savings account with Barclays bank. They have the lowest insufficient funds fee that I can find, and also %1 APY on savings. The best option I could find!

Online Banking

I recently started looking into online banking opportunities. I read a lot of reviews and liked the idea of the convenience online banking is. I had several credit cards and some offered personal checking,savings,CDs,iras as well as other offers. I decided to try out personal checking. I moved my personal checking account and savings account to Barclays Bank. They offered very competitive rates and fees and a lot of other services. Now that I've been using it for months now I couldn't be happier. The convenience is great and customer service has been outstanding. I ordered all my checks online and had some questions about some offers and the customer service department hooked me up with an expert who gave me very professional and outstanding advice. I am going to be looking into college accounts for my grandchildren. I highly recommend Barclays Bank to anyone in need.

Barclays Reasonable Overall, Low Fees and Friendly User Interface

Posted by: marianyu | Mar 16, 2017

I began banking with Barclays as my primary savings account provider in 2014. I have been satisfied ever since. External accounts are fairly easy to add and set up. I have set up recurring ACH transfers from my external checking account to my Barclays savings accounts and they always transfer by the next business day, which is much better than the 5-7 business day estimate for most banks. There are no fees that I am aware of and I have never been charged a fee. The interest rate on the online savings accounts varies by account from 1-1.05%, which, in this economic environment, beats out many competitors. I have earned interest that I would not have otherwise if I had banked with competitors. I have been satisfied with the little communication required to set up the account and I have had no adverse issues dealing with routine maintenance of the accounts.

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 - YTD1.49%
Return on Equity - YTD11.82%
Annual Interest Income$2.98B
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$32.51B$27.99B
LoansQ4 2016vs Q4 2015$25.37B$22.30B
DepositsQ4 2016vs Q4 2015$22.78B$19.35B
Equity CapitalQ4 2016vs Q4 2015$4.02B$3.58B
Loan Loss AllowanceQ4 2016vs Q4 2015$731.4MM$747.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$245.8MM$247.4MM
Real Estate OwnedQ4 2016vs Q4 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 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

Skip to rates for:
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Always verify rates and promotions with the bank or credit union. We are not Barclays; we are a rate comparison website and cannot provide official rates or promotions.

Barclays Savings Account Rates

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

Barclays CD Rates

2.00%--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