Barclays was founded in the UK in 1690 by two goldsmiths and, later, a third partner whose name has defined the venerable international financial institution since 1736. For nearly 300 years, the name Barclays has come to represent a global banking giant reaching far outside its modest beginnings in London. Today, its operations include an online-only banking operation in the US -- Barclays US.
BarclaysIf you're a member of Barclays US, you'll notice its competitive annual percentage yields, or APYs, on its savings accounts and certificates of deposit, but you'll be hard-pressed to find an online checking account. In fact, Barclays doesn't offer checking account services and doesn't operate physical branches in the US.
Barclays is ideal for savers who have checking accounts at other banks but are looking to broaden their financial portfolio with high-yielding savings accounts. If you're looking to up your savings game with a high-yield savings account or a CD with a competitive APY, and don't need a physical branch to do your banking, a Barclays account might be a great fit for you.
The Barclays Online Savings account doesn't offer many frills -- there's no minimum account balance or fees -- but it offers an APY rate that's five times more than the national average, according to the company's website.
APY | 3.60% |
---|---|
Minimum amount to open | $0 |
Monthly maintenance fee | $0 |
Monthly amount to maintain balance | $0 |
APY is as of Feb. 8, 2023.
Barclays US offers CDs with terms as short as 12 months to as long as 60 months (five years).
APY range | 4.25% to 4.30% |
---|---|
Minimum balance to open | $0 |
Monthly maintenance fees | $0 |
Minimum amount to maintain | $0 |
CD term | APY |
---|---|
12 months | 4.25% |
18 months | 4.30% |
24 months | 4.35% |
36 months | 4.30% |
48 months | 4.30% |
60 months | 4.30% |
APYs are as of Feb. 8, 2023.
Barclays provides online-only banking services in the US. You can access your account online and through the bank's mobile app. You can set up and manage your account on your time wherever you're located and outside traditional banking hours.
You can access your account online 24 hours a day, seven days a week. To speak to a Barclays representative, you can call toll-free daily between 5 a.m. and 5 p.m. PT at 888-710-8756.
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