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Barclays CD Rates for October 2022

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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 October 2022

Barclays Online CD
  • 1 Year APY: 3.05%
  • 2 Year APY: 3.15%
  • 3 Year APY: 3.20%
  • 4 Year APY: 3.25%
  • 5 Year APY: 3.50%
Rates as of Sept. 28, 2022
Term
Barclays Online CD
1 Year
2 Year
3 Year
4 Year
5 Year
3.05%
3.15%
3.20%
3.25%
3.50%

Compare Barclays CD rates

Barclays CD rates are higher than the national average and in line with many of its competitors. But if you're looking for the best CDs, rates are not the only factor to take into consideration.

Rates as of Sept. 28, 2022
Lender
Account
1 yr. apy
2 yr. apy
3 yr. apy
4 yr. apy
5 yr. apy
Min. deposit
Early Withdrawal Penalty
Next Steps
Logo for CIT Bank CD
Member, FDIC
0.30%
0.40%
0.40%
0.50%
0.50%
$1,000
Yes
Logo for Discover High Yield CD
Member, FDIC
3.00%
3.10%
3.15%
3.20%
3.30%
$2,500
Yes
Logo for Marcus by Goldman Sachs High Yield CD
Member, FDIC
Marcus by Goldman Sachs High Yield CD
3.00%
3.10%
3.15%
3.20%
3.30%
$500
Yes

Barclays CD account review

Barclays Online CD

PROS

  • Higher CD rates than the national average
  • No minimum deposit requirements
  • No monthly fees

CONS

  • Lower rates than other top banks

Barclays offers sixCD 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Principal funds withdrawn before the maturity date face penalties of up to 180 days simple interest on the amount withdrawn.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, 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. 

FAQs

  • 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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