Updated
Fact Checked
Nathan Alderman
Barclays CD rates are worth exploring if you're looking for high-yield interest with little commitment. With no fees and no minimums, it's hard to argue against the value they provide. Below is a more detailed look at Barclays CD rates, how they stack up against other top banks, and who should get a Barclays CD.
Barclays CD rates for 2024
Rates as of April 23, 2024
APY = Annual Percentage Yield
Barclays Online CD
Bottom Line
Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. The only common CD term missing is a six-month CD -- in fact, there's no CD term less than one year, but those interested in building longer-term CD ladders will find plenty to like here.
MINIMUM DEPOSIT $0
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 5.00% | 5.00% | 4.50% | 4.00% | 3.50% | 3.50% | 3.75% |
Compare Barclays CD rates
Barclays CD rates are higher than the national average and in line with many of its competitors. It has especially competitive rates on its 5-year CDs, so it could be an especially good fit for long-term savers. But if you're looking for the best CDs, rates are not the only factor to take into consideration.
Rates as of April 23, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
|
| APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Barclays Online CD Review
Barclays offers six CD terms, ranging from one to five years. Barclays CDs have no minimum deposit requirements, and like most CDs, have no monthly maintenance fees. This makes them ideal for savers who want to build a CD ladder.
Interest is compounded daily and credited monthly. Account holders can withdraw interest to a Barclays savings account or external bank account every month or keep it in their CD to earn interest.
Principal funds withdrawn before the maturity date face penalties of up to 180 days simple interest on the amount withdrawn.
Once a CD reaches maturity, it will renew automatically. There's a 14-day grace period in which customers can close their Barclays CD by withdrawing funds, or change the term.
Pros and Cons of the Barclays Online CD
Pros
- Higher CD rates than the national average
- No minimum deposit requirements
- No monthly fees
Cons
- No CD terms of less than one year
Who is a Barclays CD right for?
Barclays CDs are perfect for individuals who want to maximize their savings, but want to avoid higher deposit requirements found at other top online banks. They are also ideal for individuals who wish to maximize savings through a CD ladder strategy.
Bottom Line: Barclays CD Rates
Barclays Online CD
- 6 APY: 5.00%
- 12 APY: 5.00%
- 18 APY: 4.50%
- 24 APY: 4.00%
- 36 APY: 3.50%
- 48 APY: 3.50%
- 60 APY: 3.75%
Rates as of April 23, 2024
APY = Annual Percentage Yield
Term
Barclays Online CD
6 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
5.00%
5.00%
4.50%
4.00%
3.50%
3.50%
3.75%
Keep reading about Barclays
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
See our full Ratings Methodology here.
FAQs
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You should get a Barclays CD if you're looking for competitive CD rates without the deposit requirements found with many banks. Barclays has especially competitive CD rates on longer terms, such as 5-year CDs.
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Barclays CDs are a safe way to earn interest on your savings. But like any other CD, there are penalties if you need to withdraw the money early. They can be a higher-yielding option than online savings accounts, but you need to be reasonably sure you won't have to access your money before the maturity date.
Our Banking Experts
Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers.
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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