About Barclays Bank
Barclays Bank is a British multinational bank with headquarters in London, England, with its U.S. bank based in Delaware. The bank acquired Lehman Brothers' banking business during the 2008 financial crisis.
Barclays Bank Overview
Barclays Bank is an online-only bank that offers a number of different CD products with terms ranging from one to six years and one savings account. All products offer competitive yields with no fees and no minimum balance requirements.
| Competitive APYs. | No ATM access/availability. |
| No monthly service charges. | No checking accounts offered. |
| Unlimited withdrawals and transfers. | Online-only bank. |
Barclays Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Barclays Bank offers several CDs with terms varying from one year to six years. All CDs offer competitive yields and no minimum balance requirements. Here are some of their best CD offerings for the month! and 2025:
Savings Accounts
Barclays Bank offers one high-yield savings account. The account does not require a minimum opening deposit, and there is no monthly service charge. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: None; Overdrafts are not allowed
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: Not available
Non-network ATM fee: None
Barclays Bank Features
Barclays Bank's customer service line is available seven days a week from 8:00 a.m. to 8 p.m. EST. and on Saturdays from 8 a.m. to 5 p.m. EST. The bank offers a mobile app where customers can manage their accounts and process mobile deposits.
Barclays Bank FAQs
Our Take
Barclays Bank is a good online-only bank that offers competitive yields on its CD and savings accounts. None of its accounts assess monthly service charges, there are no opening deposits, there are no minimum balance requirements, and there are no withdrawal or transfer limits. It is a good choice for customers who don't mind banking with an online-only bank with no ATM access. The lack of ATM access causes a slight delay in accessing funds, but the other features may make the bank's products worthwhile.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.