Barclays offers a limited selection of banking products in the United States, including a savings account. The rate on the online bank’s savings account is competitive and there is no minimum balance required to open the account.
Although the bank offers a savings account with respectable rates, you can still find higher APYs elsewhere.
Barclays earned 4.7 out of 5 stars in Bankrate’s review across its deposit products.
Barclays savings account rates
The online bank only offers one savings account and it offers the same rate regardless of your balance.
Account name Interest rate’ APY Minimum deposit
Online savings account 0.50% 0.50% No minimum deposit
Note: The APY (Annual Percentage Yield) shown is as of Nov.. 23, 2020. The APY may vary by region.
How Barclays savings account compares to top-yielding banks
Barclays offers an attractive rate on its savings account. However, the Barclays Online Savings account is not the most competitive account on the market. You could secure a higher APY at several other banks, including Salem Five Direct and Citibank. Before choosing a savings account, check out the best accounts available today.
Other savings options at Barclays
If you want to lock up your money for a set amount of time, then Barclays’ CDs are worth considering. With the bank’s CDs, you can enjoy a range of term options that could help you build out a CD ladder. Terms available on the CDs range from three months to five years.