Barclays Bank Review 2023
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At a glance

CDs
Savings
About Bankrate Score
Overview
Barclays is best for those seeking high-yielding savings or CD rates. Consumers who need regular banking services — or even quick access to deposit funds — should look elsewhere.
Highlights
- No Min Balance
- No Monthly Fees
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Barclays is a London-based multinational financial-services giant with global reach. In the U.S., Barclays offers a limited selection of deposit products online.
Pros
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Barclays offers high savings APYs.
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The account has no minimum balance requirements and no monthly service fees.
Cons
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Barclays offers a limited selection of deposit products.
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Barclays offers no access to ATMs.
Barclays banking products
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 7/12/2023
Barclays savings overview
Pros
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Barclays savings has no minimum deposit or balance requirements.
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It does not charge a monthly service fee.
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Savers are rewarded with a robust APY.
Cons
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The Barclays Online Savings Account doesn’t have ATM access.
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Other online banks offer a higher yield.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank fees
Fee | Charged? |
---|---|
Overdraft fee | None |
Non-sufficient funds fee | $5 |
Monthly maintenance fee | None |
Out-of-network ATM fee | None |
Excessive transaction fee | None |
Paper statements | $0.50 |
About Barclays
Barclays Bank Delaware is the official name of Barclays' U.S. retail internet banking subsidiary, although Barclays' roots are based in the U.K.
Barclays Bank Delaware is headquartered in New York and has operations in seven states and the District of Columbia. In addition to its credit card portfolio, Barclays offers online savings accounts and certificates of deposit.
Bank experience
When it comes to Barclays’ mobile experience, the bank’s app is highly rated on the Apple App and Google Play stores. Among its features is the ability to make mobile deposits, which is a plus considering the bank's limited branch and ATM network.
Customers who prefer to talk to a representative can call the customer service line seven days a week, 8 a.m. to 8 p.m. Eastern time.
How does Barclays compare to other banks?
Barclays vs. Ally Bank
Both Barclays and Ally offer an online-only banking experience, but Ally makes your cash accessible with access to more than 40,000 ATMs nationwide through the Allpoint network. Barclays doesn’t offer fee-free ATM access at all.
Moreover, Ally bank offers a wider selection of deposit products, including multiple types of CDs, savings, checking and money market accounts, whereas Barclays only offers one savings account and a handful of standard CDs. If you’re looking to consolidate your finances under one roof, Ally bank is generally the better choice.
That noted, yields at Barclays for CDs and its savings accounts are comparable to what you’d find at Ally.
Barclays FAQs
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.