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Barclays Online CD
in CD Accounts from Barclays Bank · Member FDIC
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Barclays Online CD

Claimed
in CD Accounts from Barclays Bank · Member FDIC
SuperMoney Net Recommendation Score +83  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +83, equating to 4.7 on a 5 point rating scale.

+83

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.

Strongly recommended

5 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Minimum Opening Deposit $0
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 2.70% - 3.25%
(Verified 09/09/2022)
Number of Reviews 6

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 3.25%, 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 Online 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 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 2.70% and ranging up to 3.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.

What terms does Barclays Online CD offer?

Barclays Bank offers CD terms of the following lengths:
Barclays Online CD Rates & Terms
Description
APY (Annual Percentage Yield) 2.70% - 3.25%
12-Month APY 2.70%
18-month APY 2.80%
2-Year APY 3.00%
3-Year APY 3.10%
4-Year APY 3.15%
5-Year APY 3.25%

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 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

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NFL Extra Points Credit Card

Carnival World Mastercard

Choice Privileges Visa Signature® Card

Priceline VIP Rewards Visa Card

US Airways Premier World Mastercard

AAdvantage Aviator Red World Elite Mastercard

Barclaycard Arrival World Mastercard No Annual Fee Card

JetBlue Card

Hawaiian Airlines World Elite Mastercard

Wyndham Rewards Visa Card

Princess Cruises Rewards Visa Card

Barclaycard Visa with Apple Rewards

Diamond Resorts International Mastercard

RCI Elite Rewards Mastercard

Holland America Line Rewards Visa Card

Lufthansa Miles & More World Elite Mastercard

Commence Mastercard

Uber Visa Card

Banana Republic Visa Card

Barclays Arrival® Premier World Elite Mastercard®

Barclaycard with Apple Rewards

Jet Blue Plus Mastercard

Jet Blue Business Card

Commence Student Mastercard

Barclays Bank Wyndham EarnerSM Credit Card

Barclays Bank Wyndham EarnerSM Visa Card Card

Emirates Skywards Rewards World Elite Mastercard®

Emirates Skywards Premium World Elite Mastercard®

The AARP® Essential Rewards Mastercard®

Athleta Rewards Mastercard®

Gap Good Rewards Mastercard®

Hawaiian Airlines® World Elite Business Mastercard®

Navyist Rewards Mastercard®

Luxury Card™ Mastercard® Black Card™

Luxury Card™ Mastercard® Titanium Card™

Luxury Card™ Mastercard® Gold Card™

Availability

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

Feature Breakdown

Annual Fee $0
Minimum Opening Deposit $0
APY (Annual Percentage Yield) 2.70% - 3.25%
(Verified 09/09/2022)
12-Month APY 2.70%
18-month APY 2.80%
2-Year APY 3.00%
3-Year APY 3.10%
4-Year APY 3.15%
5-Year APY 3.25%
CD Accounts Traditional
Grace Period for Account Changes 14 days
Certificate 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 +83, equating to 4.7 on a 5 point rating scale.

+83

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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