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Barclays US Online Savings
in Savings Accounts from Barclays Bank · Member FDIC
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Barclays US Online Savings

Claimed
in Savings Accounts from Barclays Bank · Member FDIC
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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

17 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
(Verified 11/16/2022)
APY (Annual Percentage Yield) 3.00%
(Verified 11/16/2022)
Minimum Balance to Earn APY $0
Number of Reviews 17

Barclays US Online Savings Review

Barclays US Online Savings is offered by Barclays Bank, a bank founded in 1896 and based in Wilmington, DE. Barclays US Online Savings is available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.00%*, which is much higher than the average interest rate for a savings account.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Barclays Online Savings Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY*.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card

Barclays Online Savings FAQ

Are savings accounts from Barclays Bank federally insured?

Yes, your deposits 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.

Does Barclays Bank offer a signup bonus?

Barclays Online Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Barclays Online Savings?

There is no minimum deposit to open a Barclays Online Savings.
Barclays US Online Savings Minimums
Description
Minimum Account Transfer to Avoid Monthly Fee $0
Minimum Balance to Avoid Monthly Fee $0
Minimum Balance to Earn APY $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit $0
Minimum Required Balance $0

What APY* does Barclays US Online Savings offer?

Barclays Online Savings offers an APY of 3.00% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Barclays Online Savings charge?

Barclays Online Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Barclays Online Savings offer?

This savings account includes the following features:

  • Mobile Banking Services - Barclays Online Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Barclays Online Savings?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Barclays Online Savings?

The customer support email for Barclays Online Savings is online@barclaysus.com.

How do people rate the customer service and user experience of Barclays Online Savings?

Overall, Barclays Online Savings is strongly recommended based on community reviews that rate customer service and user experience.

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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.

Message From Barclays Bank

Barclays Online Savings accounts offer customers competitive rates 5X the national average. Along with some of the highest rates in the country, customers can enjoy no minimum balance, no maintenance fees, online transfers and 24/7 online access to their accounts.

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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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

Minimum Account Transfer to Avoid Monthly Fee $0
Minimum Balance to Avoid Monthly Fee $0
Minimum Balance to Earn APY $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit $0
Minimum Required Balance $0
Monthly Fee $0
(Verified 11/16/2022)
International ATM Surcharge $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Member FDIC
APY (Annual Percentage Yield) 3.00%
(Verified 11/16/2022)

Barclays US Online Savings Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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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