Barclays: Savings Accounts & Rates
Mission: Banksparency aims to make Barclays' savings accounts transparent and comparable to the market.
Savings Overview
Tiered Savings
Online Savings
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationWilmington, Delaware
- Founded2000
- AffiliationBarclays Bank Delaware, Member FDIC, a part of Barclays plc (NYSE: Barclay)
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 57203)
Our Take on Barclays
The Good
- Competitive 4.00% APY
- Low opening deposit ($0)
- No monthly maintenance fees
- Top-tier mobile apps (iOS: 4.9, Android: 4.7)
Considerations
- High minimum balance ($250000) to earn APY
- No physical branch access (online only)
Barclays offers a Tiered Savings account with a competitive 4.00% APY, applicable only for balances over $250,000; lower balances earn an APY of 3.85%. This account has a low opening deposit requirement of $0 and no monthly maintenance fees. However, it requires a high minimum balance to earn the top APY and is available online only, with no physical branch access. There are no direct deposit requirements, making it accessible for various users. The account also features top-tier mobile apps, rated 4.9 on iOS and 4.7 on Android.
Top Market Contenders
Savings Accounts: In-Depth View
Savings Accounts Offered by Barclays
| Feature | Tiered Savings | Online Savings |
|---|---|---|
APY | 4.00%Range: 3.85% - 4.00%Verified: 1/7/2026 | 3.60%Verified: 1/7/2026 |
APY Trend | Rate Adjusted -0.10% Since 90 days ago | Rate Adjusted -0.10% Since 90 days ago |
Min. Deposit | $0 | $0 |
Min. Balance | $250,000 | Enough to earn $0.01 in interest |
Monthly Fee | $0 | $0 |
Direct Deposit | None | None |
Checking Bundle | No | No |
Branch Access | None | None |
Compounding | Daily | Daily |
FDIC Insured | Yes | Yes |
Eligibility | United States | United States |
Important | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Next Steps | - | - |
Calculate Savings for Barclays
Minimum balance for higher APY: $250,000
Savings Breakdown
- Interest Earned+$1,506.40(9.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,506.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Barclays Savings Rates Over Time
Historical APY Insights
Last 11 Months| Metric | Online Savings | Tiered Savings |
|---|---|---|
Latest APY | 3.60% | 4.00% |
Trend | Sideways | Sideways |
Slope (bps/mo) | -2.7 | -4.2 |
Rate Changes / Mo | 0.51 | 0.60 |
Days Since Last Change | 42 | 49 |
High (-11m) | 4.00% | 4.50% |
Low (-11m) | 3.60% | 4.00% |
Draw-down | -10.0% | -11.1% |
Volatility (CV) | 0.027 | 0.038 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 350-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Barclays
| Feature | Current View Barclays | Empty Slot |
|---|---|---|
| Product | - | |
APY | 3.85% - 4.00%Verified: 1/7/2026 | - |
APY Trend | Rate Adjusted -0.10% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Barclays' APY of 4.00% with other banks
Alternatives to Barclays
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
MutualOne Bank
Mo Premium Savings: 4.07% APY
Minimum Deposit: $20,000
Online Savings: 0.40% APY
Minimum Deposit: $5,000
Online Only
Popular Direct
Popular Direct Select Savings: 3.90% APY
Minimum Deposit: $100
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Carver Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $5,000
Online Only
Neighbors Bank
Neighbors Savings Account: 4.30% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Western Alliance Bank
High-Yield Savings Premier: 3.90% APY
Minimum Deposit: $500
Online Only
Varo Bank
High-Yield Savings Account: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: Min. $1,000/month
SmartyPig
SmartyPig Account: 3.90% APY
Minimum Deposit: $0
Online Only
Ivy Bank
High-Yield Savings Account: 4.10% APY
Minimum Deposit: $2,500
Online Only
Eligible States: Limited (see details)
Climate First Bank
Super Duper Savings Account: 4.21% APY
Minimum Deposit: $50
LendingClub
LevelUp Savings: 4.00% APY
Minimum Deposit: $0
Online Only
SoFi Bank
SoFi Savings: 4.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Bread Savings
High-Yield Savings Account: 4.05% APY
Minimum Deposit: $100
Online Only