Barclays Bank is an online bank, offering great high-interest Savings and CD account options that are highly competitive in the market. They are currently offering an Online Savings Account with a 2.20% APY Rate and no minimum balance requirement to open nor monthly fees.
The Barclays Bank Savings Account offers a rate that’s much higher than the national average and is FDIC insured. With features like direct deposit, online banking, and online savings tools and resources, apply for a Barclays Online Savings Account to make the most of your money!
Barclays Bank Breakdown
| Pros | Cons |
|---|---|
| No monthly maintenance fee | No ATM network, branch locations or mobile app for U.S. customers |
| No minimum balance requirement to open | No cash deposits or withdrawals from ATMs |
| Online “Savings Assistant” tool to reach savings goals | Limited banking options (Only CDs and Savings accounts) |
| Open up to a total of 25 accounts | Maximum of 6 withdrawals |
| $5 non-sufficient funds fee for overdraws, compared to other’s pricey overdraft fees |
Barclays Online Savings Features
- Current rate: 2.20% on all balances. Click here to open an account today.
- No minimum balance to open or monthly service fees
- Secure, 24/7 online access to your funds
- Manage your account online, or by speaking with a bank representative
- Get online or over the phone transfers to and from other banks
- Direct deposits make saving simple and easy
- Funds are FDIC insured up to $250,000
- Rates are higher than the national average
Open An Online Savings Account
In order to open a Barclays Online Savings account, all you need is your Driver’s License, Military ID, or State ID Number and your social security number. This can only be done online. Customer service is available 7 days a week from 8am to 8pm Eastern time to assist clients through the phone.
Bottom Line
Barclays Bank is a great option for account-holders with any balance who want a high APY Rate with no minimum to open nor monthly service fees. Sign up for a Barclays Online Saving Account today to earn a 2.20% APY Rate! Simply click above to sign up for your account.
Also, if you’re not into online banking or would like to take a look at other savings accounts, check out our reviews on the ongoing Chase Total Checking + Savings Promotion or Discover Bank’s Online Savings Promotion. Don’t forget to look at Savings Accounts, Bank Rates, Money Market Account, and more with our Best Bank Rates!
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