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  Barclays Online CD

Barclays Online CD

in CD Accounts from Barclays Bank · Member fdic

Claimed

Barclays Online CD

Claimed

in CD Accounts from Barclays Bank · Member FDIC

Net Recommendation Score +50

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Minimum Opening Deposit Starting at $1
Deposit Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.10% - 0.25%

Barclays Online CD Review

Barclays Online CD is offered by Barclays Bank, a bank founded in 1896 and based in Wilmington, DE. Barclays Online CD is 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 APY. This account offers an annual percentage yield of up to .25%, which is much higher than the national average for a CD account.
  • Small minimum initial deposit. You only need $1 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 of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Barclays Online CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Barclays Online CD FAQ

Are cd accounts from Barclays Bank federally insured?

Yes, your Barclays Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Barclays Bank offer on its CDs?

Barclays Online CD offers an APY starting at .10% and ranging up to .25%. 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 Online CD Rates & Terms
Description
2-Year APY 0.25%
3-Month APY 0.10%
3-Year APY 0.25%
4-Year APY 0.25%
5-Year APY 0.25%
6-Month APY 0.10%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.10% - 0.25%

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

Barclays Online CD requires a minimum deposit of $1 to open an account.

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 Online 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.

Contact

Hours of Operation

  • Sunday 8:00am - 8:00pm
  • Monday 8:00am - 8:00pm
  • Tuesday 8:00am - 8:00pm
  • Wednesday 8:00am - 8:00pm
  • Thursday 8:00am - 8:00pm
  • Friday 8:00am - 8:00pm
  • Saturday 8:00am - 8:00pm

Other Services by Barclays Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $0
Minimum Opening Deposit Starting at $1
2-Year APY 0.25%
3-Month APY 0.10%
3-Year APY 0.25%
4-Year APY 0.25%
5-Year APY 0.25%
6-Month APY 0.10%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.10% - 0.25%
CD Accounts Traditional
Grace Period for Account Changes 14 days
Deposit Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Barclays Online CD Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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