Available nationwide, open a Barclays Bank Online Savings account and earn 2.00% APY on all balance amounts. Barclays offers a great rate and online tools that will help you save. Their customer service is available by phone, e-mail, or physical mail. Also, You can save with ease knowing that your money is FDIC insured and that the interest is compounded daily to maximize your earnings!
Like most online accounts, Barclays Bank Online Savings account does not come with in-person services. Barclays limits your withdrawal options to electronic transfers ordered by phone or initiated online through the bank’s website, and while these services are free they may increase the time it takes to access your funds.
Table of Contents
- 1 Barclays Bank Online Savings Account Credentials
- 2 Barclays Bank Online Savings Account Rates
- 3 Barclays Bank Online Savings Account Pros & Cons
- 4 Barclays Bank Online Savings Account Fees
- 5 Barclays Bank Online Savings Account Info
- 6 Barclays Bank Online Banking
- 7 Barclays Bank Savings Assistant
- 8 Depositing Funds into a Barclays Online Savings Account
- 9 Withdrawing Funds from a Barclays Online Savings Account
- 10 Ways to Avoid the Monthly Service Fee
- 11 Barclays Bank Online Savings Account Rate Requirements
- 12 Bottom Line
Barclays Bank Online Savings Account Credentials
Is the Barclays Bank Online Savings Account right for you?
|Good For||Bad For|
|Those looking for a high interest rate on savings||Those who prefer in-person banking services|
|Online Savings Tools||Withdrawing money|
Barclays Bank Online Savings Account Rates
|Balance||Annual Percentage Rate|
Rates are effective as of 11/19/2018, and are subject to change.
Barclays Bank Online Savings Account Pros & Cons
Barclays Bank Online Savings Account Fees
|Account Type||Barclays Online Savings Account|
|Minimum Opening Deposit||$0|
|Minimum Balance Requirement||$0|
|Stop Payment Fee||$0|
|Returned Deposit Items||$5|
|Excessive Transaction Charge||$5|
Similar to most savings accounts, you’re limited to six (6) withdrawals per month. You are also obligated to paper-free banking, which means you will get electronic statements.
Barclays Bank Online Savings Account Info
- Open an Account Here
- Account Type: Barclays Bank Online Savings
- Availability: Nationwide
- Expiration Date: None
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Opening Deposit: Any amount
- Credit Card Funding: Unknown
- Monthly Fee: $0
- Household Limit: None
- Closing Account Fee: None
Barclays Bank Online Banking
Barclays Bank Online Banking provides real-time access to your account to help you manage your money when it’s most convenient. Simply log into your Barclays Bank account and you will be able to:
- Manage your accounts and account information online
- View and download statements and account activity
- Schedule and make transfers to and from other banks
- Schedule and make transfers between Synchrony Bank accounts
- Create banking reports
- Open new accounts
- Receive and manage account alerts
- Send secure messages
How to get started
- Visit Barclays Bank’s website and sign in.
- Once you log in, you can view your balance and transactions, make transfers, send and receive money, deposit checks, pay bills, view online statements, and more.
Barclays Bank Savings Assistant
Barclays Bank offers many helpful online tools such as the Savings Assistant which allows you to start saving for the things that matter to you like a family vacation, or a down payment on that dream house. All you will have to do is to provide basic information and the Savings Assistant will show you when you will reach your goal!
How to get started
- Visit the Barclays Bank website and click on “Tools” and “Savings Assistant”.
- You will then be able to calculate your goals with their Savings Assistant!
Depositing Funds into a Barclays Online Savings Account
Since this is an online account, how easy it is to make withdrawals and deposits is an important factor. Barclays accepts deposits in four ways.
You can use your smartphone or a computer to do remote check deposits. Just take a photo of your check and upload it to your account management page. However, there are limits to how much you can deposit remotely:
- Maximum check amount – $5,000
- Maximum you can deposit daily – $10,000
- Maximum number of checks you can deposit daily – 10 checks
- Maximum you can deposit in 10 business days – $50,000 or 20 checks
You can also put money into savings using direct deposit or electronic transfers from an external account. Lastly, you can mail in physical checks. Deposits made electronically or by check to your Barclays account within the first 30 days of account opening will be held for up to 5 business days.
Withdrawing Funds from a Barclays Online Savings Account
This account does not come with an ATM card, but taking out funds electronically is just as easy as depositing them. You can make transfers to external accounts using the online account management tool. Transfers take from 2 to 3 business days to process. You can also request a physical check from your savings account to be mailed to you.
Keep in mind, just like any other savings account, Barclays has a monthly limit on the number of times you can withdraw funds. Due to Federal law, you can’t make more than 6 withdrawals during a statement period without incurring a fee.
If you go over the limit, there’s a fee per additional withdrawal. Barclays may close your account if you go over the monthly withdrawal limit three times or more within 12 months. Use your withdrawals wisely; that goes for any savings account you open.
Ways to Avoid the Monthly Service Fee
Barclays Bank Online Savings Account: No Monthly Maintenance Fee.
Barclays Bank Online Savings Account Rate Requirements
- Open a Barclays Bank Online Savings account.
- Earn 2.00% APY on all balances you put into your Barclays Bank Online Savings account!
Barclays offers a straight-forward savings account with a strong APY. Consumers seeking a no-frills account focused on maximizing the financial rewards of saving will benefit from this account. The Barclays online savings account are especially attractive to people with low balances. With only $1, you can open a Barclays online savings account.
Barclays Bank offers a great rewards program for their customers! I would highly recommend using the Barclays Bank Online Savings Account if you would like one of the highest interest rates and also one of the best rewards programs! Synchrony Bank offers no fees which makes saving even easier! If you are not a Barclays Bank customer, and would like rewards while you save, sign up today for a Barclays Bank Online Savings account!
If this offer did not suite you, please visit our list of the Best Savings Rates that are filled with various financial institutions from banks, credit unions, and even federal credit unions that are offering great rates!
American Express Personal Savings Account - You earn 1.90% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.90% APY + $200 Cash||Review|
|Simple||2.02% APY + $300 Cash||Review|
|Betterment Everyday Savings||2.38% APY||Review|
|CIT Bank Savings Builder||2.20% APY||Review|
|UFB Direct High Yield Savings||2.25% APY||Review|
|American Express High Yield Savings||1.90% APY||Review|