Barclays Bank Review 2026: Savings and CDs
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Overview
London-based Barclays provides services to tens of millions of people worldwide. Its U.S. banking operation, which is online-only, offers solid annual percentage yields on its savings accounts and certificates of deposit — but it doesn’t offer a checking account. The bank offers multiple savings accounts, including the Tiered Savings account, which gives customers different interest rates based on their account balance.
Note that Barclays does not accept cash, wires, or money orders for deposit. Per the bank's terms and conditions: "Deposits may only be made by electronic fund transfer (EFT), including automated clearing house transactions (ACH), by Remote Deposit Capture or by check mailed to us."
Barclays also lacks a U.S. branch network, so it’s best suited for consumers who don’t require in-person assistance. But if you value high savings rates, you might be able to overlook these limitations.
No monthly fees.
Competitive rates on savings and CDs.
No minimum opening deposits on savings accounts and CDs.
Extended phone customer service hours.
No branch access.
No cash deposit or withdrawals.
No checking account offered.
Product reviews
Savings
The Barclays Tiered Savings account offers competitive interest rates across the board, though they vary based on account balance:
$0 to less than $250,000: 3.65% APY.
$250,000 and greater: 3.75% APY.
There are no monthly fees or minimum balance requirements.
Note that the Federal Deposit Insurance Corp. insures up to $250,000 per depositor, per institution and per ownership category. If you plan to deposit large amounts, you’ll want to be mindful of insurance limits.
» Read about how to insure more than $250,000.
Savings
We did not include this account in our overall bank rating, but it offers a solid yield. There is no minimum balance required to open an account, and there are no monthly fees.
Certificates of deposit
Barclays' CD rates are much more competitive than what you’ll find at a traditional bank, but not quite as high as what you can find at other online banks. There's no minimum opening deposit, so you can save any amount you can afford. If you're weighing whether to open a certificate of deposit, consider this article on when CDs are worth it.
Full List of CD Rates
| Term | APY | Min Deposit |
|---|---|---|
| 3 months | 0.10% | $1 |
| 6 months | 3.50% | $0 |
| 9 months | 3.50% | $0 |
| 1 year | 3.25% | $0 |
| 1.5 years | 3.00% | $0 |
| 2 years | 3.00% | $0 |
| 3 years | 2.50% | $0 |
| 4 years | 2.50% | $0 |
| 5 years | 2.00% | $0 |
Customer experience & overdraft fees
Customer experience
Barclays does not have branches, but you can get online and telephone help. You can call customer service any day from 8 a.m. to 8 p.m. Eastern time. You can also access your accounts via website or well-rated mobile apps. Between the online services, you can view your account balances, transfer funds electronically and upload pictures of checks for mobile deposit.
Web experience
StrongMobile apps
Highly ratedPhone support
every day, 8 a.m. to 8 p. m. ETBranches
Online onlyRating methodology
How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Star rating categories
The review team is made up of seasoned writers and editors who cover personal banking deposit accounts, such as checking, savings and certificates of deposit, as well as related banking services, such as overdraft programs and ATM networks. For providers without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
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