Barclays savings account interest rates
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London-based Barclays offers a limited selection of online banking products in the U.S., including a savings account. The rate on the bank's Online Savings account is competitive and there is no minimum balance required to earn the annual percentage yield (APY), while the Tiered Savings account offers a slightly higher APY for balances above $250,000.
Although Barclays' savings accounts pay a competitive APY, shoppers can find even higher savings interest rates elsewhere. Barclays stands out for its simple approach to online banking with minimal fees and solid customer service.
Barclays savings account interest rates
The Online Savings Account has the same high yield regardless of balance.
| APY | Min. for APY | Product Name |
|---|---|---|
| 3.60% APY | No minimum | Savings |
Note: The annual percentage yield (APY) was last updated between Jan. 5 and Jan. 11 and may vary by region.
Barclays offers a competitive rate on its Online Savings Account that significantly exceeds the national average. With no minimum deposit requirement or monthly maintenance fees, this account allows your money to grow uninhibited by common charges that can eat into your earnings.
Barclay's Tiered Savings Account also has no minimum balance or monthly maintenance fees. However, if your balance is $250,000 or higher, you'll earn a slightly higher APY. Note that if your account has a $0 balance for six months, it will automatically close.
Rate history for Barclays' savings account
See how rates for the Online Savings account have changed over time. Interact with the trend lines to view APY by date.
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Barclays savings account features
Aside from the differing APYs, Barclays' two savings accounts are broadly the same.
- No minimum opening deposit: You can start with any amount and begin earning interest immediately on your balance, making these accounts accessible to all savers.
- Monthly fees: Barclays doesn't charge a monthly maintenance fee for either account.
- Interest: Interest on your account compounds daily and is credited to your account monthly.
- Mobile banking: Barclays offers a mobile app for both iOS and Android devices, allowing you to manage your account, check balances, deposit checks and transfer funds on the go.
- Customer service: Barclays provides customer service by phone seven days a week from 8 a.m. to 8 p.m. Eastern time.
How Barclays savings account compares with top-yielding banks
Barclays offers a competitive rate on both its savings accounts and minimal fees.
If you’re looking for the highest savings yields on the market, compare the rates on Bankrate’s list of the best savings accounts.
Other Barclays Bank products
Barclays offers online CDs with terms ranging from 6 months to 5 years. There is no minimum deposit required to open a CD.
The bank's CDs are worth considering if you want to lock up your money for a set period with a fixed rate. The variety of terms provides flexibility for those looking to build a CD ladder or save for specific time-oriented goals.
Barclays charges early withdrawal penalties on CDs, ranging from 90 days of interest for terms of 24 months or less to 180 days of interest for longer terms.