Plus, the interest rates offered are consistently competitive among other accounts on our lists of best savings rates and CD rates.Tom Lydon is editor and publisher of ETF Trends, a website with daily news and commentary about the fast-changing trends in the exchange traded fund (ETF) industry. With no fees or minimum balance requirements, as well as no transaction limits, Barclays Bank’s savings options are solid, despite the lack of some conveniences. And while Barclays is also not the place for full-service banking or account access via ATM or debit card, it could make a good option for adding a high-yield account to your banking portfolio. Although it does have online and mobile banking options, as well as a few different methods for contacting support representatives, its mobile app lacks a robust suite of features and has some technical issues. Additionally, there is a phone number you can use to reach Barclays’ accessibility coordinator.īarclays Bank is a solid choice if you’re looking for good interest rates on savings and CDs, along with a few options for accessing your money and solid customer service.īarclays isn’t the highest rated bank when it comes to customer experience. Barclays uses guidelines set by the Web Accessibility Initiative (WAI) of the World Wide Web Consortium (W3C). The accessibility page on the site includes a list of recommended screen reader and browser combinations for the best user experience. Its website is designed to work with screen readers in addition to being easy to navigate and read in traditional browsers. AccessibilityĬompared to many other online banks we’ve reviewed, Barclays has an in-depth set of accessibility guidelines and resources. The bank also has a few different ways to reach representatives with any issues or questions: by phone using a toll-free number seven days a week, by mail, or via Barclays U.S. Negative reviews tend to focus on the app’s lack of robust features and some issues with crashing or inability to login, though many reviews say the issues are with the app functionality, not the quality of the bank itself. The Barclays US Savings app (there’s a different app for Barclays credit cards) has a 3.5 star rating on the Apple app store, but a much lower 1.8 star rating on Google Play. Customer Experienceīarclays doesn’t score as high as some other banks we’ve reviewed when it comes to customer reviews.
But Barclays also offers personal loans (currently by invitation only) and credit cards (with co-branded cards from JetBlue, AARP, and more) for U.S. Other Productsīarclays’ online banking division is limited to high-yield savings and CD accounts. When your CD matures, you can withdraw your money within a 14-days grace period or choose to roll it over into a new account with the same or different term at the current interest rate. For CDs shorter than or equal to 24 months, you’ll pay 90 days of interest on the dollar amount withdrawn, and for CDs more than 24 months, you’ll pay 180 days worth of interest on the dollar amount withdrawn. However, you must put some amount in your account within 14 days of opening to keep it active.Įarly withdrawal penalties depend on the CD term. There are no monthly fees and no minimum balances to open a CD.
You can choose between 12 month, 18 month, 24 month, 36 month, 48 month and 60 month terms. Certificates of Depositīarclays has a few different CD term options, and all its CD accounts are traditional CDs.
There’s no limit to the number of transactions you can make each month. When you’d like to withdraw from your savings, you can also do so via ACH transfer, or request to have a check mailed to you. You can deposit money into your savings account using online or mobile check deposit, direct deposit, ACH transfer from another bank account, or mailed check. If you maintain a balance less than $1.00 for more than 180 days, though, Barclays may close your account. There are no monthly fees and no minimum balance requirements to open the account. The Online Savings Account from Barclays is among our top high-yield savings accounts today. The online banking division, which includes savings and CD accounts, launched in 2012. Today, its U.S.-based online banking division ranks as the 60th largest bank in the nation, based on total assets.
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Barclays Bank Full Reviewīarclays has existed as a financial institution for more than 300 years, with origins as a bank in London. For more information about our scoring methodology, click here. We analyze and review banks without influence of partnerships or advertising relationships.
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