Barclays savings account interest rates
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London-based Barclays offers a limited selection of online banking products in the U.S., including a savings account. The rate on the bank's Online Savings account is competitive and there is no minimum balance required to open the account or earn the annual percentage yield (APY).
Although Barclays' savings account pays a competitive APY, shoppers can find even higher savings interest rates elsewhere. Barclays stands out for its simple approach to online banking with minimal fees and solid customer service.
Barclays savings account interest rates
The online bank offers only one savings account, with the same high yield regardless of balance.
| Product Name | APY | Min. for APY |
|---|---|---|
| Savings | 4.15% APY | $0 |
Note: The annual percentage yield (APY) was last updated between March 29 and April 4 and may vary by region.
Barclays offers a competitive rate on its Online Savings account that significantly exceeds the national average. With no minimum deposit requirement or monthly maintenance fees, this account allows your money to grow uninhibited by common charges that can eat into your earnings.
Rate history for Barclays' savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Barclays savings account features
- No minimum opening deposit: You can start with any amount and begin earning interest immediately on your balance, making this account accessible to all savers.
- Monthly fees: Barclays doesn't charge a monthly maintenance fee on its Online Savings account.
- Interest: Interest on your Barclays Online Savings account compounds daily and is credited to your account monthly.
- Mobile banking: Barclays offers a mobile app for both iOS and Android devices, allowing you to manage your account, check balances, deposit checks and transfer funds on the go.
- Customer service: Barclays provides customer service by phone Monday through Friday from 8 a.m. to 8 p.m. Eastern time, and on weekends from 9 a.m. to 6 p.m. Eastern time.
- Security features: Barclays employs industry-standard security measures including encryption, multifactor authentication and account monitoring to help keep your money safe.
How Barclays savings account compares with top-yielding banks
Barclays offers a competitive rate on its Online Savings account and minimal fees.
If you’re looking for the highest savings yields on the market, compare the rates on Bankrate’s list of the best savings accounts.
Other Barclays Bank products
Barclays offers online CDs with terms ranging from 3 months to 5 years. There is no minimum deposit required to open a CD.
The bank's CDs are worth considering if you want to lock up your money for a set period with a fixed rate. The variety of terms provides flexibility for those looking to build a CD ladder or save for specific time-oriented goals.
Barclays charges early withdrawal penalties on CDs, ranging from 90 days of interest for terms under 24 months to 180 days of interest for longer terms.
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