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 are higher than the national average but lower than many of its competitors. For most CD terms, you'll need to look further than Barclays to get the best CD rates. That said, if you're looking for the best CDs, rates are not the only factor to take into consideration.
Barclays offers nine CD terms, ranging from three months 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.
Principal funds withdrawn before the maturity date face penalties of up to 180 days simple interest on the amount withdrawn.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, there's a 14-day grace period in which customers can close their Barclays CD by withdrawing funds, renew it with a different term, or do nothing and automatically renew it.
|6 Mo. APY||0.10%|
|1 Yr. APY||0.30%|
|1.5 Yr. APY||0.30%|
|2 Yr. APY||0.30%|
|3 Yr. APY||0.30%|
|4 Yr. APY||0.30%|
|5 Yr. APY||0.30%|
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.
You should get a Barclays CD if you're looking for competitive CD rates without the deposit requirements found with many banks.
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.
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