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Barclays Review 2026

Barclays US offers online savings accounts and CDs with competitive rates. Part of the global Barclays banking group based in the United Kingdom.

Founded

1690

Headquarters

Wilmington, DE

Total Assets

$100 billion

Branches

Online Only

BankingDeal Rating

Based on rates, fees, features, and customer satisfaction

4.1

out of 5.0

Rates & Fees

ProductRate / Fee
Savings APY4.00%
12-Month CD APY4.40%
Checking Monthly FeeN/A

Rates shown are for illustration. Verify current rates directly with Barclays.

Products Offered

Savings Accounts
CDs
Credit Cards

Pros & Cons

Pros

  • +Competitive savings and CD rates
  • +No minimum balance requirements
  • +No monthly fees
  • +Backed by global banking institution
  • +Easy online account management

Cons

  • -Very limited product range in US
  • -No checking accounts
  • -No physical branches
  • -Limited customer service hours

Our Verdict

Barclays is a solid choice for those who prefer online banking and want competitive rates without monthly fees. Competitive savings and CD rates, making it a strong contender in the online banking space. With a savings APY of 4.00%, it offers competitive returns on your deposits.

Related Resources

How to Open a Savings Account
What Is a CD?
Compare Savings Accounts by State
Best Cash Back Credit Cards

Frequently Asked Questions

Is Barclays a good bank?

Barclays has a rating of 4.1/5 on our scale. Competitive savings and CD rates. However, very limited product range in us. Whether it is right for you depends on your specific banking needs and priorities.

What is the savings account APY at Barclays?

Barclays currently offers a savings APY of 4.00%. This is a competitive rate compared to the national average. Rates are subject to change. Verify current rates directly with Barclays.

Does Barclays charge monthly fees?

Barclays offers checking accounts with no monthly maintenance fee.

What products does Barclays offer?

Barclays offers Savings Accounts, CDs, Credit Cards. As an online-only bank, all services are available through their website and mobile app.

Where is Barclays headquartered?

Barclays is headquartered in Wilmington, DE. Founded in 1690, Barclays US has grown to manage $100 billion in total assets. It operates exclusively online with no physical branch locations.