Barclays savings account review

Do you want to know all the features of the Barclays savings account? Responsible Economy thoroughly analyzes the fees, requirements, yields, and all the conditions that Barclays offers in its savings account. We also provide a comparison with the best savings accounts that you can open in the United States, along with an explanatory video.

Explicative video

We have created a video that concisely summarizes all the features of the Barclays savings account. If you find our content helpful, consider supporting us with a subscription to receive daily videos:

YouTube video
Barclays savings account

Features

In this section, you can find all the features of the Barclays savings account:

Interest rate

Undoubtedly, the most important point of any savings account is the yield. The interest rate offered by Barclays is an impressive 4.35% APY, making it one of the highest interest rates on savings accounts in the United States.

Fees

It is crucial to be aware of any commissions as they can lower returns. Barclays offers an online savings account with no opening fees and no monthly maintenance fees.

Minimum deposit

There is no minimum deposit required to open the savings account.

ATMs

Barclays does not have ATMs or branches in the United States.

Deposit funds

You can deposit funds into the Barclays savings account by making bank transfers or mailing a check.

Withdrawls

To withdraw money, you have to make bank transfers from the Barclays account to the desired account.

Barclays savings account
Barclays savings account features

Best savings accounts 2023

We have made a comparison of the Barclays savings account with the best savings accounts you can open in the United States. We show you the main characteristics of each savings account:

CIT Bank Logo
  • 4.05% APY
  • Minimum deposit: $100
  • No welcome bonus
  • Member FDIC
Marcus by Goldman Sachs
  • 4.30% APY
  • Minimum deposit: $0
  • Welcome bonus: $100
  • Member FDIC
synchrony-bank-logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo Sofi
  • 4.50% APY
  • Minimum deposit: $0
  • Welcome bonus: $250
  • Member FDIC
Barclays Logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo capital One CDs
  • 4.30% APY
  • Minimum deposit: $0
  • Member FDIC
  • No welcome bonus
Discover logo
  • 4.30 APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC

Savings accounts calculator

We have developed a deposit calculator so that you can easily see how much money you can earn:

Barclays savings account calculator

Barclays savings account calculator

Your earnings:
Total Result:

Video with the best savings accounts

We also have made a video with the best savings accounts:

Video with the 7 best savings accounts

Pros and cons

Once we have seen all the features of the Barclays savings account and analyzed the main characteristics of the best savings accounts, we have compiled a table with all the advantages and disadvantages:

ProsCons
High yieldsNo branches in the United States
No fees
No minimum balance
Pros and cons Barclays savings account

Requirements

Opening the savings account is very simple; you just have to meet the following requirements:

  • Must be over 18 years old
  • Live in the United States
  • Have an American phone

Documentation

They may also ask you for the following documentation:

  • Certified copy of identity document (for each applicant): in most cases, this will be your current, valid passport, although some other types of ID are acceptable.
  • Certified copy or original proof of address (for each applicant): your proof of address will normally be a bank or building society statement or a utility bill.
  • Your signed Client Agreement.

Frequent questions

Here we answer all the questions you may have:

Conclusions and opinions

After all the review, our opinion is that Barclays offers one of the best savings accounts in the United States because you can get a very high interest rate, there are no commissions, and there is no minimum deposit. On the other hand, it does not have branches or ATMs.

More information about Barclays

Here you have interest information about Barclays:

InformationDescription
Websitehttps://www.banking.barclaysus.com/
Facebookhttps://www.facebook.com/BarclaysBankUS/
Twitterhttps://twitter.com/barclaysbankus
Phone 888-710-8756
Interest information about Barclays

Finally, we provide related posts about savings accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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