Barclays is based in London and serves 48 million people worldwide. Its U.S. banking operation, which is online only, offers excellent annual percentage yields, but you’ll need to pair its services with another bank because Barclays doesn’t offer a checking account.
If you value high savings rates though, you may be able to overlook this limitation and a few others. Barclays also lacks a branch network and the latest technological features, so it’s best suited for those who take a hands-off approach to saving money.
Ratings methodology | Verified Feb. 9, 2017
With low fees and some of the highest rates around, Barclays is the bank to boost your savings. The high-yield Dream Account offers an even higher rate as a reward for staying on track with savings. At this bank you can expect few or no fees. You'll be charged $5 for transferring more money than is available from your account, but at other banks, this feature might cost more than $20.