at Barclays,
Member, FDIC
Pros
Cons
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.
Overall
London-based Barclays provides services to 48 million people worldwide. Its U.S. banking operation, which is only online, offers excellent annual percentage yields on savings accounts and certificates of deposit — but it doesn’t offer a checking account.
Barclays also lacks a branch network, so it’s best suited for consumers who prefer a hands-off approach to saving money. But if you value high savings rates, you might be able to overlook these limitations.
Ratings methodology | Updated May 31, 2018
Savings
With low fees and some of the highest interest rates around, Barclays is the bank to boost your savings. The Online Savings account pays 2.20% APY and has a tool for setting savings goals. There are no monthly fees or minimum balance requirements.
Most banks charge $30 or more for overdraft fees, but Barclays has only a $5 nonsufficient funds fee, charged if an online transfer would overdraw your account.
Want to see more options? Check out NerdWallet’s best high-yield online savings accounts
How does Barclays compare?
Online Savings Account
NerdWallet Rating
at Barclays,
Member, FDIC
APY
2.20%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY
Online Savings
NerdWallet Rating
at Goldman Sachs Bank USA,
Member, FDIC
APY
2.25%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY
Online Savings Account
NerdWallet Rating
at Citizens Access,
Member, FDIC
APY
2.35%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY
