Last Updated: 04/14/2026
Explore a similar product
Try this top product in Savings Accounts
Chime Savings Account
Mostly recommended31 reviews
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
3.40%(Verified 04/14/2026)
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Number of Reviews
Barclays US Online Savings Review
Barclays US Online Savings is offered by Barclays Bank, a bank founded in 1896 and based in , DE. Barclays Online Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.40%*, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. 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 |
|
|
Barclays Online Savings FAQ
Are savings accounts from Barclays Bank federally insured?
Yes, your deposits are insured 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Account Transfer to Avoid Monthly Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY* does Barclays US Online Savings offer?
Barclays Online Savings offers an APY of 3.40% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
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. No minimum opening balance or deposit required to open. Fees could reduce the earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but for interest to post to your account you must maintain a minimum balance that would earn you at least $0.01.
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.
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.
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.
Message from Barclays Online Savings
Contact
Other Services by Barclays Bank
Other Savings Accounts from Barclays Bank
Sponsored
Barclays Tiered Savings
Sponsored
Rating not yet determined
APY (Annual Percentage Yield)
3.65% - 3.75%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0.01
Disclaimer popup with additional information
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Barclays US Online Savings Community Reviews
Would you recommend Barclays US Online Savings to your friends?
ID
Irene D.
Nov 9, 2023
May or may not recommend
Amazing customer service offered the best service I could find. They were very helpful in answering all the questions I had, I would definitely recommend them to friends and family.
Scottmarketing
Jul 17, 2023
May or may not recommend
Barclays Online Savings has been a long-awaited solution for my grandchildren's inheritance. With an impressive APY of up to 4.15%*, well above the industry average, it offers substantial growth potential. The absence of monthly fees and no minimum initial deposit requirement are major advantages. Though lacking a signup bonus and nationwide ATM access, the peace of mind provided by FDIC insurance for deposits up to $250,000 is reassuring. While a ...Show More
JA
Junaid A.
Jan 26, 2023
May or may not recommend
This is why I suggest it: A few days ago, when my family tried to open a checking account for herself, we learned that they don't offer any annual profit yield and that they also charge a monthly service fee. Because the software is so user-friendly and Barclays US Online Savings has never charged me for anything since I started using it, I assisted my sister in opening an account and ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I strongly recommend this bank account, and the main reason it that I was able to open it, online in a few steps, and just transfer for another account, great customer service, and fast response to the customer.
AS
Anny S.
Sep 26, 2022
May or may not recommend
I strongly recommend this bank account, and the main reason it that I was able to open it, online in a few steps, and just transfer for another account, great customer service, and fast response to the customer.
CU
Chinonyerem U.
Sep 19, 2022
May or may not recommend
I recommend this because few days back my sister was trying to open a checking account for herself but we realized they don't give any annual profit yield secondly they charge a monthly service fee . In which ever since I've been using Barclays US online savings they never charged for any of this rather they even give 2.00% which is really impressive and the software is user friendly so ...Show More
Line G.
Sep 2, 2022
May or may not recommend
They kept the rate at 1%, and opening the account was easy. They offer greater returns on savings and certificates of deposit even if they are not a major banking institution. I make advantage of them to get the better prices. They don't have access to ATMs, and since I just use ACH for my transactions, there have never been any issues. This is not the bank for you, though, ...Show More
AN
Aunesia N.
Aug 19, 2022
May or may not recommend
Customer service can be easily reached and fees are average . Easy to use mostly anywhere.
Idris A.
Aug 11, 2022
May or may not recommend
I strongly recommend. They have been reliable and efficiency customer service since day one.
PP
Pradip P.
Aug 7, 2022
May or may not recommend
Highly recommended, no additional fees, great service, have been a happy customer since 2018.
MA
Muhammad A.
Jul 28, 2022
May or may not recommend
I HIGHLY recommend it! Barclays Online SAVINGS (US) IS THE BEST. offers $0 min. balance , no monthly fees, and so much more
D.
Dorothy .
Jul 28, 2022
May or may not recommend
I recently opened a savings account with Barclays US Online Saving. I like this bank so far, and haven’t had any issues. Barclays US Online Savings it's a great savings account because there are no monthly fees!
MD
Maniya D.
Jul 28, 2022
May or may not recommend
I HIGHLY recommend it! Barclays Online SAVINGS (US) IS THE BEST. offers $0 min. balance , no monthly fees, and so much more
MM
Maheen M.
Jul 24, 2022
May or may not recommend
Highly recommended!!
Best online saving account with no fees,no minimum amount to open,& offers a high APY rate.
I feel safe with them, most reliable and safe service.
This saving account worth your while.
And I would recommend to my family and to my friends.
GM
Gabriel M.
Jul 22, 2022
May or may not recommend
I was looking for a good place to save my money this is one of the best place to save your money, i recommend 100%
Huda A.
Jul 21, 2022
May or may not recommend
Barclays offers a high APY rate, zero fees, and no minimum amount to open an account. I am sold! Reliable and safe service.
Omar Pacifico C.
Jul 12, 2022
May or may not recommend
when you are looking for online saving account you should go for Barclays US online saving what i like is their online savings account pays 1.10% APY. All in all, I feel safe with them.
DR
Desmond R.
Jul 6, 2022
May or may not recommend
Barclays offers zero no fees, as well as no minimum balance to keep your account open and a high APY which is very convenient. With the security, and perks Barclays provides I think this is savings account worth your while.
MB
Matt B.
Jun 29, 2022
May or may not recommend
Barclays is a great online savings account. The best takeaway is having 0 fees and a high APY... what else would you want from your online savings account? Now only if I could find an ATM that services Barclays!
U
Anonymous
Jun 27, 2022
May or may not recommend
Barclays offered the best savings rate I was able to find.
Showing 20 of 20 reviews
You might also like
Best Savings Accounts
SuperMoney
Checking vs. Savings Account: Which Do You Need?
Andrew Latham
What are Checkable Deposits?
Benjamin Locke