Barclays CD

Claimed

in CD Accounts from Barclays Bank · Member FDIC

SuperMoney Net Recommendation Score +92

Strongly recommended

22 users recommend

2 users are unsure

0 users don't recommend

Highlights
Community Rating	Strongly recommended
APY (Annual Percentage Yield)	0.10% - 4.35% (Verified 01/10/2023)
Minimum Opening Deposit	$0
Certificate Term	3 months 6 months 9 months 12 months 18 months 2 years 3 years 4 years 5 years
Number of Reviews	24

Barclays CD Review

Barclays CD are offered by Barclays Bank, a bank founded in 1896 and based in Wilmington, DE. Barclays CD are available in 50 states (and Washington, DC).

Key Takeaways

Only one CD account type available. Barclays Online CD only offers traditional CD accounts.
Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.35%, which is much higher than the national average for a CD account.
No minimum initial deposit. There is no minimum balance required to open an account.
Wide selection of CD terms. Barclays Online CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Barclays CD

Pros	Cons
FDIC insured. Multiple CD terms available. Available in all 50 states. High-interest yield.	There isn't a no-penalty CD option. Does not offer an IRA CD.

Barclays CD FAQ

Are CDs from Barclays Bank federally insured?

Yes, your Barclays Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57203). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Barclays Bank offer?

Barclays Online CD provides the following types of CDs.

Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CD for another term.

What CD rates does Barclays Bank offer on its CDs?

Barclays Online CD offers an APY starting at 0.10% and ranging up to 4.35%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Barclays Online CD offer?

Barclays Bank offers CD terms of the following lengths:

Barclays CD Rates & Terms
Description
APY (Annual Percentage Yield)	0.10% - 4.35%
3-Month APY	0.10%
6-Month APY	0.10%
9-Month APY	0.10%
12-Month APY	4.25%
18-Month APY	4.30%
2-Year APY	4.35%
3-Year APY	4.30%
4-Year APY	4.30%
5-Year APY	4.30%

What is the minimum deposit to open a CD account with Barclays Bank?

Barclays Online CD does not require a minimum deposit.

What is the grace period for Barclays Online CD?

There is a 14-day grace period for Barclays Online CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 14-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Barclays Online CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Barclays Bank does not charge an early withdrawal fee.

Barclays CD Fees
Description
Annual Fee	$0

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.