1.40% APY on savings, about the best you'll find
$5 nonsufficient funds fee; many banks charge $30 or more for similar fees


No ATM network, branch locations or mobile app for U.S. customers
No checking account
No cash deposits or withdrawals from ATMs



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 and the latest technological features, 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 Nov. 30, 2017



With low fees and some of the highest interest rates around, Barclays is the bank to boost your savings. The Online Savings account pays 1.50% 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

Online Savings Account
Min. balance for APY
Learn moreat Barclays
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Customer service
Website / app
customer satifaction not interested
Barclay bank lowered my credit limit from 8500 to 5900. my balance is 5600, but I had card for years & I never missed a payment. I called customer service, they never can do anything to make situation better, they just make excuses. They told me the decision to lower my credit limit was based on checking my Transunion credit report, I couldn't believe this, my credit score was lower because of their decision to do this to me, & they sent change to my credit reporting agency before notifying me. I had to cancel my account. what they are doing is wrong.
Customer service
Website / app
Great Savings Account
I’ve used the Barclays online savings account for two years now. I really enjoy the industry leading interest rate. I’ve never had any issues with depositing funds via the website. I’ve worked in the banking industry for over 15 years and want to comment on the check holds. Check holds of 5 to 7 business days are not uncommon. I’ve only had to contact customer service two or three times, while not the most energetic or happy individuals they were able to solve my issues.
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