at Barclays,
Member, FDIC
Pros
Cons
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Overall
London-based Barclays provides services to 48 million people worldwide. Its U.S. banking operation, which is primarily online, offers excellent annual percentage yields on savings accounts and certificates of deposit — but it doesn’t offer a checking account.
Barclays also lacks an extensive U.S. 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 April 2, 2019
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
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 HSBC,
Member, FDIC
APY
2.30%
Monthly Fees
$0
Bonus features
Competitive APY
No Monthly Fee
