Table of Contents
Table of Contents
Barclays CD Rates
Barclays Bank CDs: Key Features
Compare CD Account Rates
FAQs
Your Guide to CDs
- Banking
- Certificate of Deposits (CDs)
With no minimum deposit requirements and extra-high interest rates, Barclays is a top contender for the best CDs today
ByLindsay VanSomeren
Updated March 15, 2024
Fact checked by
Michael Rosenston
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Fact checked byMichael Rosenston
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Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance.
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Barclays CD Rates
Barclays is a 300-year-old British bank trying to stay globally relevant in modern times, and its CDs are a good-faith effort to that effect. Barclays Bank CD rates are exceptionally good, and many people will appreciate its simple, straightforward options that don’t require a magnifying glass to piece apart.
Barclays Bank offers several different term lengths for its online CDs in the United States market.
The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.
Barclays Online CD Overview
| CD Term | APY | Minimum Deposit |
|---|---|---|
| 6 months | 5.30% | None |
| 1 year | 5.00% | None |
| 18 months | 4.50% | None |
| 2 years | 4.00% | None |
| 3 years | 3.50% | None |
| 4 years | 3.50% | None |
| 5 years | 3.75% | None |
See the best CD rates today before choosing the CD that is best for you.
Barclays Bank CDs: Key Features
| APY Range | 3.50%–5.30% |
|---|---|
| Minimum Deposit | None |
| Term Range | 6 months to 5 years |
| Early Withdrawal Penalty | 90 days’ interest for terms of two years or less 180 days’ interest for terms over two years |
| Grace Period for Penalty-Free Withdrawals | 14 days |
Technically speaking, there is no minimum deposit required to open a Barclays CD. But in reality, the bank won’t post interest to your account unless you’d earn at least one full cent in interest each month.
If you only deposit one cent, for example, the money would stay in the account but Barclays wouldn’t credit any new interest to your account no matter how many times you renew it.
Use a CD interest calculator to check how much total interest you’d earn with one of Barclays Bank CD rates, based on the deposit amount you wish to make.
Compare CD Account Rates
Barclays Bank CD rates are exceptionally high even compared to global competitors like Chase Bank. And given that it has no real minimum deposit requirement, that’s an especially strong mark in its favor, especially if you don’t mind opening an account at a new bank in order to take advantage of good rates on its CDs.
Some people prefer opening CDs and savings accounts at other banks because it “hides” the account from themselves, making it easier to avoid the temptation to withdraw the money early.
Is a Barclays CD Worth It?
Yes, a Barclays CD is a very good option if you’re looking to earn the highest rates possible and if you don’t mind opening a CD account at a new bank. For more CDs with high APYs, see the best CD rates currently available today.
Does Barclays Have a Minimum Deposit for CD Accounts?
No, Barclays doesn’t have a minimum deposit for its CD. But Barclays does require that you deposit enough to earn at least $0.01 in interest each month—otherwise, the bank won’t post any interest at all to your account and it’ll be stuck in an interest-free limbo until it matures.
What Is the Best Term Length for Barclays CDs?
Barclays Bank CD rates are currently the highest for its one-year term length option. Normally rates are higher on the longest-term CDs. But given the strange high-interest-rate environment we’re currently in, many banks have reversed that pattern, likely so they’re not stuck paying ultra-high rates when they go back down in the future.
Are Barclays CD Accounts FDIC-Insured?
Yes, Barclays CDs are FDIC-insured. Just remember to keep your total deposits with Barclays under $250,000, which is the limit of FDIC insurance for all of your deposits at any particular bank.
Your Guide to CDs
- What Is a Certificate of Deposit (CD)?
- What Is a Brokered CD?
- What Is a CD Ladder?
- Pros and Cons of CDs
- How to Invest With CDs
- How to Open a CD
- How to Close a CD
- CDs vs. Annuities
- CDs vs. Stocks
- CDs vs. Mutual Funds
- CDs vs. ETFs
- CDs vs. Savings Accounts
- Short-Term vs. Long-Term CDs
- CD Rates News
- Best 1-Year CD Rates
- Best 18-Month CDs
- Best Jumbo CD Rates
- Best 6-Month CD Rates
- Best 3-Month CD Rates
- Best Bank CD Rates
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
Barclays. "Who We Are and Our Values."
Barclays. "Barclays Online CDs."
Barclays. "Terms and Conditions."
Federal Deposit Insurance Corporation. "Deposit Insurance at a Glance."
Related Terms
What Is a Certificate of Deposit (CD) and What Can It Do for You?
A certificate of deposit (CD) is a type of savings account offered by banks and credit unions that pays a fixed interest rate on money held for an agreed upon period of time.
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Add-On CDs: Meaning, Pros and Cons, Example
Add-on CDs are specialty CDs that allow you to add more funds to your CD after the initial deposit. Learn whether an add-on or standard CD is a better choice for you.
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Types of Specialty Certificates of Deposit (CDs) Explained
Specialty CDs offer features such as the ability to add to the principal or avoid early withdrawal fees. Some options offer more flexibility but may have lower rates than standard CDs.
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Brokered CD Definition, Pros/Cons, Other Types
A brokered certificate of deposit is a CD that an investor purchases through a brokerage firm or from a sales representative other than a bank.
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Fixed-Rate Certificate of Deposit (CD): What It Is, How It Works
A fixed-rate certificate of deposit (CD) is a low-risk investment instrument that has a set interest rate over its entire term.
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No-Penalty Certificate of Deposit (CD): What It Is, How It Works
A no-penalty certificate of deposit, also known as a liquid CD, allows investors to make early withdrawals without paying a penalty. But it also pays lower interest rates.
more
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