![]() Barclays is one of the largest financial service providers in the world, with over 48 million customers worldwide. ![]() division of Barclays, a global financial services company with a long history dating back to the 1600s in London. Barclays CDs are insured by the FDIC for up to $250,000, per depositor, per bank, per account type, making them as safe an investment as they come.īarclays Bank is the U.S. A Barclays CD lets you earn a guaranteed return while keeping your funds secure and accessible. Even its 24-month CD makes the list of best two-year CDs thanks to its competitive APY and $0 minimum deposit requirement. Barclays CDs are great for short-term savings goals, as the rates on its 12-month and 18-month CDs are as high as it gets. With no minimum deposit requirement, you can invest as much or as little into the account based on your circumstances.Ĭonsider other factors such as minimum deposit requirements, early withdrawal penalties and customer service options as well when choosing a CD. Although Barclays doesn’t offer terms shorter than 12 months, it still offers a decent variety of term lengths. Here’s a look at how CD rates from Barclays compares to rates from American Express and Discover.Īmerican Express and Discover each offer additional CD terms not listed in this table. Like most online banks, Barclays offers much higher rates than the national average. Barclays has no physical branches in the U.S., which can pose a problem for those that prefer to bank in person.īarclays Bank’s CD rates are competitive with the best CD rates on all available CD terms. If you think you might need to withdraw money before your CD matures, the best high-yield savings accounts offer similar rates without withdrawal penalties. Like most banks, Barclays charges an early withdrawal penalty if you need to access money in a CD account before the term ends. Taking interest payments from your CD may impact your total earnings. You can request interest withdrawals from your CD to your linked bank account with no penalty. Just be sure to fund your account within 14 calendar days of opening it to avoid account closure. There are no minimum deposit requirements to open a Barclays CD. This lets you build savings over a timeline that suits your needs. Barclays CDs are available in terms ranging from 12 to 60 months. Barclays CD rates are also compounded daily, which helps your money grow faster. Barclays Bank CD rates are some of the best on the market. Barclays Bank CDs offer several appealing features, but they aren’t without drawbacks.
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