Barclays


Overview / Commentary
888-710-8756
125 South West Street
Wilmington, DE 19801

Barclays is the 56th largest bank in the nation. It was established in 2001 and as of March of 2024, it had grown to 4,966 employees. Barclays' savings rates are 9X the national average, and it has an A health rating.

Related Posts

Barclays direct and brokered CD rates - 7/10/2024

Barclays has not changed their direct CD rates since 5/14/2024. Their rates (APY) remain unchanged today (7/9/2024) and include: 6-month @ 4.85% 12-month @ 5.00% 18-month @ 4.50% 24-month @ 4.00% 36-month @ 3.50% 48-month @ 3.50% 60-month @ 3.75% For more information regarding Barclays direct CDs see: https://www.banking.barclaysus.com/online-cds.html The rates (APR) which Barclays currently offers on a few of their new issue, non-callable, brokered CDs are higher: 6-month @ 5.20% 9-month @ 5.10% 18-month @ 4.90% These brokered CD rates and terms were available at Fidelity as of 8:30 pm EDT 7/9/2024.

Barclays CD Rates as of 5-14-2024 - 5/14/2024

Since DepositAccounts.com is currently not allowing comments to be made on posts covering Rate Changes in this section of the Forum, I placed my Rate Change post “Barclays CD rates as of 5-14-2024” here: https://www.depositaccounts.com/community/misc/57741-barclays-cd-rates-5142024.html where comments can be made.

Barclays CD Rates as of 4-11-2024 - 4/11/2024

Barclays CD rates (APY) as of 4-11-2024: 6-month @ 5.00% (was 5.30%) 12-month @ 5.00% (no change) 18-month @ 4.50% (no change) 24-month @ 4.00% (no change) 36-month @ 3.50% (no change) 48-month @ 3.50% (no change) 60-month @ 3.75% (no change) For more information regarding Barclays CDs see: https://www.banking.barclaysus.com/online-cds.html

View all posts from:

8/25/20 - Barclays Again Disappoints Savers With A Rate Cut.
7/29/20 - Barclays Slashes Online Savings Rate To 0.80%
5/31/20 - Barclays Going Down Again
5/7/20 - Barclays Bank Slashes Deposit Rates
12/18/19 - Review of Barclays' Savings and CD Rates
10/10/19 - Changes To Payable-On-Death Beneficiary
9/4/19 - Barclays Cuts Savings And CD Rates.
7/19/19 - Barclays Bank Continues Cutting CD Rates, But Savings Rate Returns To 2.20%
7/2/19 - Barclays Cuts Online Savings Rate To 2.10%
3/27/19 - Barclays Lowers CD Rates By 5 Basis Points
2/1/19 - Barclays Increases Rates ON Select CD Terms
12/27/18 - Barclays Raises Online Savings Rate To 2.20%
12/6/18 - CD Rate Increase
9/27/18 - Barclays Responds To FED With Small Increase In Savings And CD Rates
8/1/18 - Barclays Raises Online Savings And 12-Month CD Rates.
7/14/18 - CD Rate Increases At Barclays: 3.00% 60-Month
6/27/18 - Barclays Ups Online Savings Rate To 1.75%
6/13/18 - Small CD Rate Increases At Barclays
5/23/18 - Savings Rate Increased
5/4/18 - Barclays Increases Several CD Rates....But NO Increase On Online Savings.
3/5/18 - Small CD Rate Increases At Barclays Bank
3/5/18 - CD Bump Up
2/12/18 - CD Rates Increased
1/23/18 - Barclays Increases Online Savings Account To 1.50%
1/9/18 - Barclays Raises Online Savings Account To 1.40% APY
10/6/17 - Barclays Online Savings Now 1.30%
7/25/17 - Barclays Online Savings Rate Increase
7/11/17 - Higher CD Rates
6/19/17 - Another Rate Increase For The Online Savings Account
7/8/16 - Barclays 5 Yr CD Now 1.75%
3/7/16 - Barclays 5 Yr CD Rate Drop
9/10/15 - Barclays 5 Year CD Back At 2.25% APY.
8/1/14 - Barclays CD Early Out
8/28/13 - Barclays 5Year CD Rate Increase
6/19/13 - Barclays 5Yr CD Rate Drop
5/16/13 - Rate Drop On Online Savings At Barclays
3/16/13 - Discrepancy Between FAQ And Terms And Conditions For Barclays CD Early Withdrawal Penalties
1/2/13 - Barclays 20% Deposit Account Bonus
11/9/12 - Barclays Probed By US Over Saudi Banking Licence

Barclay Is A Good Bank...

Posted by: |

Barclay is a good bank. Folks can feel secure banking with them. Today they just raised their savings interest rate in one generous swoop from 2.4% to 3%. They had remained at a stubborn 2.4% for way too long while many of the other banks on this forum were already at 3% or more and going even higher after the Nov 2 Fed meeting of the .75% rate hike. (Fed hike as was expected) If Barclay is going to be competitive, as they appear to want to be, I wish they would be a bit more proactive and keep up with their competition in a more timely fashion. (and before I had already transferred 95K out of my account 24hrs ago. lol) Clients can’t afford to sit around on large balances at 2.4% wondering what Barclay is thinking and planning on doing as the days tick by into the new month. While I do NOT seek the ultra-high max 3.5% rates found at some of the smaller name banks with poor customer service and scary feedback, I also don’t want to be sitting around indefinitely on a stubborn low 2.4% rate at the better banks either. All in all, I still overall rate Barclay here as a 5 star bank with which importantly you can bank without worries.

Rates Too Low

Posted by: |

Fed fund rate goes up .5 percent Barclay rate increased .05 there is an extra zero in this. Banks too spoiled for loose Fed Fund supply. Match the rates

Customer Service/Communications Poor.

Posted by: |

Completed application for savings and CD. Upon completion, acknowledgement said wait for notification of account setup being completed. 9 days later nothing. Called for status update and told I needed to send a bunch of personal/sensitive documents via email. Obviously I questioned that and was told I could send it as a zipped encrypted file then call with the password. When I asked why I wasn't sent an email telling me this, I was told that they don't do that and that they expect the customer to call them and ask. Absurd. If that is the quality of their customer service before they have my money, I would hate to think what it would be like if I was trying to take it out.

Worst Bank Ever!!

Posted by: |

I've been a costumer for over 17yrs and it is really hard to do simple stuff with this bank like changing your phone number it's not allowed on the app. you have to send really sensitive documents via mail like your SSC and drivers license just to update your number. also, your rewards are never accessible... they make it really hard for you to earn $1 after spending 3k. just stick to other banks with greater cash back. I don't recommend this bank at all. They make you pay and responsible for charges you didn't even authorize when someone steals your card. If I was you, I'd stay away from this private bank it's not worth your time or money. I'm on my way to report this to BBB Better Business Bureau. It is a waste of time dealing with them since they don't even credit your account when bad stuff happens to you. they make you responsible for fraud and suspicious activity and want you to deal with the merchant yourself when it is supposed to be their job. USELESS CUSTOMER SERVICE. I have never had a problem with other banks and I have a perfect 800 credit score. even to cancel your account they make it really hard. This is my first time complaining about something in life and it is bc this card and bank don't do what they promise. No rewards and no help with stolen card.

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Health

Health Grade Components

Overall
FDIC Certificate #57203
Year Established2001
Employees4966
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.95%
Annual Interest Income$1.47B
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$40.41B$37.35B
LoansQ1 2024vs Q1 2023$27.84B$26.21B
DepositsQ1 2024vs Q1 2023$30.6B$28.95B
Equity CapitalQ1 2024vs Q1 2023$5.18B$5.15B
Loan Loss AllowanceQ1 2024vs Q1 2023$2.59B$2.36B
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$532MM$358MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Barclays Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.80%*$250k*-Barclays Tiered Savings Account
OTHER TIERS: 1.00% $0 - $10k | 4.00% $10k - $50k | 4.50% $50k - $250k
4.35%$0-Online Savings Account

Barclays CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$0-12 Month Online CD
4.85%$0-6 Month Online CD
4.50%$0-18 Month Online CD
4.00%$0-24 Month Online CD
3.75%$0-60 Month Online CD
3.50%$0-36 Month Online CD
3.50%$0-48 Month Online CD
0.10%$0-9 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.