
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 online-only, offers excellent annual percentage yields on savings accounts and certificates of deposit — but it doesn’t offer a checking account.
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.
Ratings methodology | Updated October 9, 2019
Savings
With low fees and strong rates, Barclays is a good bank to boost your savings. The Online Savings account pays 1.70% 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
1.70%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY

Online Savings
NerdWallet Rating
at Goldman Sachs Bank USA,
Member, FDIC
APY
1.70%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY

Online Savings Account
NerdWallet Rating
at Citizens Access,
Member, FDIC
APY
1.85%
Monthly Fees
$0
Bonus features
No Monthly Fee
Competitive APY