Barclays Cd Rates
Open a High-Rate CD Today: It’s Simple! It’s easy to open a BrioDirect high-rate CD: Complete an online application right now in minutes. All you need is your contact information, driver’s license, passport or state I.D. And Social Security number. Barclays Bank is federally insured by the FDIC. All deposits are insured up to $250,000 per depositor or $500,000 for joint accounts. Barclays Bank CD Rates To put these offers in perspective the current national average on a 12 month CD and a 60 month CD sit at just 0.22% and 0.47% APY, respectively. Barclays Bank is offering a 12-Month Certificate of Deposit with a 1.75% APY CD Rate. This is a limited time offer and is quite competitive. Deposit $0.01 and earn a very nice rate. Consider opening an account!
- Competitive interest rates
- Nine term options available
- No physical branches in the U.S.
- Customers who want the highest CD rates in the industry
- Customers comfortable with banking online
Overall, Barclays bank accounts would be unremarkable if not for its high-earning interest rates. In fact, the bank’s CD interest rates outperform many of its competitors. The accounts don’t come with special perks or allowances, though.
Barclays offers competitive interest rates on certificates of deposit (CDs). All of its accounts, with the exception of the three-month, six-month and nine-month accounts, offer interest rates at 0.25%. This means no matter the term length you choose, you can earn more than you would with many of its competitors. Furthermore, the bank compounds interest daily and credits it monthly.
| Online CDs | Minimum Deposit | APY |
| 3 Month | $0 | 0.10% |
| 6 Month | $0 | 0.10% |
| 9 Month | $0 | 0.10% |
| 12 Month | $0 | 0.25% |
| 18 Month | $0 | 0.25% |
| 24 Month | $0 | 0.25% |
| 36 Month | $0 | 0.25% |
| 48 Month | $0 | 0.25% |
| 60 Month | $0 | 0.25% |
Barclays Cd Rates 2019
Overview of Barclays CDs
You never have to pay any monthly fees or meet any minimum deposits with a Barclays CD. Of course, to earn interest you’ll need to have at least 1 cent in the account - although that won’t get you much return - within 14 days of account opening. You should carefully consider how much you want to deposit since you won’t be able to make any additional deposits during the account’s term.
You also can’t withdraw any of the principal balance from your Barclays CD before the account’s maturity date. If you do, you’ll have to pay a penalty of 90 days’ worth of simple interest on accounts of 24 months and 180 days’ simple interest on accounts longer than 24 months. These penalties tend to vary between financial institutions. Barclays does make exceptions in certain cases like death or incompetence of an account owner. You can, however, set up monthly disbursements of the interest earned to another bank account. This allows you to benefit from the account before its maturity date.
How Much You Earn With Barclays Certificate of Deposits Over Time
Barclays’ high certificate of deposit rates allow you to grow your money toward your savings goals, whether that’s a new car or a vacation. You stand to earn more by opening a CD with a term longer than three months since that account has the lowest rate.
You can also easily build a CD ladder with the bank’s CDs. A CD ladder involves opening a number of CDs at a time, each with a different maturity date. That allows you to have a somewhat steady stream of funds. So for example, you could have CD payouts after three, six, nine and 12 months. You would have to remember to withdraw or transfer your funds at each maturity date, before it automatically renews for the same term length.
The table below demonstrates what your final account balance could look like depending on various initial deposits and term lengths.
Barclays Bank Cd Rates
| Initial Deposit | 6-Month CD | 12-Month CD | 60-Month CD |
| $1,000 | $1,000.50 | $1,002.50 | $1,012.56 |
| $2,500 | $2,501.25 | $2,506.25 | $2,531.41 |
| $5,000 | $5,002.50 | $5,012.50 | $5,062.81 |
| $10,000 | $10,005 | $10,025 | $10,125.63 |
How Barclays CDs Rates Compare to Other Banks
Barclays offers its customers solid interest rates on CDs. As you can see below, it's generally on par with rates from Capital One, Ally Bank and Marcus by Goldman Sachs. However, Capital One is clearly weaker than its competitors when it comes to one- and three-year terms, whereas Barclays currently has the worst rate for the five-year category.
| CD Account | Barclays | Capital One | Ally Bank | Marcus by Goldman Sachs |
| 3-Month | 0.10% | n/a | 0.20% | n/a |
| 1-Year | 0.25% | 0.20% | 0.60% | 0.55% |
| 3-Year | 0.25% | 0.30% | 0.65% | 0.55% |
| 5-Year | 0.25% | 0.40% | 0.85% | 0.60% |
Should You Get a Barclays CD Account?
With nine term options ranging from three months to five years, Barclays CDs allow you to save toward various savings goals. They also make it easy to create a CD ladder, where you open multiple CDs with spaced out maturity dates. That way you can benefit from CD payouts over the course of a year or more.
The bank doesn’t charge any maintenance fees or require minimum deposits and balances. This allows you to save on your own terms and keep your savings. You can also take monthly interest disbursements, without touching your principal amount. As always with CDs, be careful about making withdrawals so you don’t run into early withdrawal penalties. If you think you’re more likely to need constant access to your account, you may want to consider the Barclays Online Savings Account instead.
[Update January 2021: Barclays CD rates are flat on terms ranging from 12 months through 5 years. The current yield on these deposits is just 0.25% APY, down from 0.30% APY earlier this month.]
The online-only, US division of Barclays Bank has a simple set of bank deposit accounts that feature some noteworthy yields.
Their current product suite consists of an online savings account and 9 regular term CDs ranging from 3 months to 5 years. The current yields on their certificates of deposit, while higher than the national average(s) for terms of 1 year or greater, do not vary all that much at this time. For example, all Barclays CDs with terms between 12 and 60 months come with an APY of 0.25% at the moment.
Barclays CDs can be opened online in minutes and their products are available to US citizens and residents over the age of 18 in all 50 states.
Barclays Bank is federally insured by the FDIC. All deposits are insured up to $250,000 per depositor or $500,000 for joint accounts.
Barclays Bank CD Rates
To put these offers in perspective the current national average on a 12 month CD and a 60 month CD sit at just 0.22% and 0.47% APY, respectively.
Given the fact that Barclays Bank has static yields on terms ranging from 12 to 60 months, their 12 month CD is going to be more competitive when compared to the national average than the 5 year CD – although both beat it handily.
How is Interest Calculated and Paid
All Barclays CDs compound interest daily and credit it monthly to your account. You can choose to have these funds kept in your deposit to compound further, transferred to a Barclays online savings account or transferred to an external account.
Fo those that would like the interest transferred, here’s how to set that up:
- Select the Account detail tab,
- Go to the Additional Details section.
- Under CD interest disbursement, select the Edit option.
Please note that you’ll need the wiring information and bank account number to where the funds will be disbursed.
Early Withdrawal Penalties
Barclays Cd Rates Calculator
Watch out for early withdrawal penalties. Barclays bank doesn’t offer any promotional, one-time early withdrawal option that some other online banks do.
If you need access to your funds prior to your CD’s maturity you can expect to pay the following:
- For a CDs with terms less than 24 months, a penalty equaling 90 days simple interest on the dollar amount withdrawn subject to penalty will be imposed,
- for CDs with a term of more than 24 months, a penalty equaling 180 days simple interest on the dollar amount withdrawn subject to penalty will be imposed.
What Happens When Your Barclays CD Matures
Barclays gives you ample time to decide what to do with your funds when your CD matures. They will send you an email alert notifying you of your upcoming CD maturity roughly 30 days prior to the maturation date. At this time you may login to your account and make your maturity selection. You can choose to do nothing and have the CD renew, withdraw some or all of the funds, or change the term of your CD.
Upon maturity you will be allotted a 14 day grace period in which you can withdraw funds (or add them) without any penalty. To withdraw funds, you’ll need to contact them in writing or by phone before the grace period is over. For more detailed instructions, call the Barclays Customer Care team at 888-710-8756, 7 days a week from 8:00 am to 8:00 pm ET.
If nothing is done during this 14 day grace period, your CD will automatically renew into the same term deposit with whatever yield is currently being offered at that time.
Important: Be sure to set up your own alerts as these emails can be accidentally sent to your junk mail.
Barclays Online Savings Account
Barclays Bank specializes in great online savings rates. Their deposit product selection, while limited, all feature above average yields.
That said, the flat yields across their longer term fixed-rate CDs is less than ideal for those looking to lock in 3 to 5 year CDs.
While Barclays CD rates certainly beat the national average(s) for their respective terms, higher yields can be found on longer terms through other online banks and nationally available credit unions.