Barclays Lowers Interest Rates On CD Terms (5.30% APY Still Available)

Barclays lowerd the APY on some of its CD terms (12-, 24-, 36-, 48-, and 60-month temrs). However, you can still get up to 5.30% APY on a 12-month CD.

Barclays’ drop in CD rates didn’t bleed into its high-yield savings account, which remains at 4.35%. Barclays US Online Savings Account is a high-yield savings account that offers a competitive annual percentage yield (APY) and allows customers to earn more than with most checking and savings accounts. In addition to a high APY, Barclays does not charge monthly or transfer fees.

Note that the Annual Percentage Yield (APY) for the Barclays US Online Savings account is variable and may change at any time. However, Bask Barclays does not require a minimum balance to earn APY. So, you will start earning interest even if you have a modest balance.

A 4.35% APY is very high compared to the average rate on savings accounts. However, there are other savings accounts with similar (and even higher) rates.

Barclays’s story began in 1690 when John Freame and Thomas Gould started trading as goldsmith bankers on Lombard Street, London. In 1736 John’s son-in-law, James Barclay joined the business giving it the name we know today. Since then, Barclays funded the world’s first industrial steam railway, named the UK’s first female branch manager, and introduced the world’s first ATM machine. And those are just a few highlights from their first 300 years.

Today, Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking, and wealth management. Barclays moves, lends, invests, and protects money for 48 million customers and clients worldwide.