Bank Of America vs Barclays
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of Bank of America vs. Barclays
As of August 1, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to Barclays's 4.10% APY for its Tiered Savings account.
Barclays yields $389 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Barclays pays $390 (with an effective APY of 3.9%) - an APY advantage for Barclays.
In addition, Barclays also offers 3.70% APY for the Online Savings account.
Bank of America
Strengths
Potential Drawbacks
- Bank of America offers a low APY of 0.01%, unchanged from 30 days ago.
- Maintenance fee of $8 applies unless certain conditions are met.
Barclays
Strengths
- Barclays provides a competitive APY of 4.10% for balances over $250,000.
- No maintenance fees on savings accounts at Barclays.
Potential Drawbacks
- Barclays requires a minimum balance of $250,000 to earn the highest APY.
- Barclays has no physical branches.
Summary: Barclays offers significantly higher APYs, with 4.10% for large balances, while Bank of America provides only 0.01%. Additionally, Barclays has no maintenance fees, unlike Bank of America, which charges $8 unless conditions are met. However, Barclays requires a high minimum balance for its top APY and lacks physical branches, contrasting with Bank of America's presence.
Compare Bank of America's vs Barclays' Savings Accounts
| Bank of America | Barclays | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Tiered Savings | Online Savings |
| APY | 0.01% (as of 8/1/2025) | 3.90% - 4.10% (as of 8/1/2025) | 3.70% (as of 8/1/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | Yes | Yes | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $100 | $0 | $0 | |
| Minimum Balance for APY | N/A | $250,000 | Enough to earn $0.01 in interest | |
| Maintenance Fee | $8 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | ||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.6/5 | 4.7/5 | ||
| BBB Rating | A | A+ | ||
Comparative Historical APY Insights (Last 6 Months)
| Bank of America | Barclays | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Online Savings | Tiered Savings |
| Latest APY | 0.01 % | 3.70 % | 4.10 % | |
| Trend | Sideways | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | -4.3 | -7.4 | |
| Rate Changes / Mo | 0.00 | 0.64 | 0.96 | |
| Days Since Last Change | 186 | 54 | 46 | |
| High (-6 m) | 0.01 % | 3.90 % | 4.50 % | |
| Low (-6 m) | 0.01 % | 3.70 % | 4.10 % | |
| Draw-down from High | 0.0 % | -5.1 % | -8.9 % | |
| Volatility (CV) | 0.000 | 0.022 | 0.032 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 187 days.
- Low (-6 m)
- Lowest APY in the last 187 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Bank of America vs Barclays
All calculations are based on APY.
Bank of America
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewBarclays
APY: 4.10%
⚠️The higher APY only applies once your balance reaches $250,000.
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Effective APY: 3.90% (based on your deposit and contributions)
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,364.5 lower than Barclays's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Bank of America vs Ally Bank | 3.50% | $0 |
| Bank of America vs American Express | 3.50% | $0 |
| Bank of America vs Axos Bank | 4.46% | $0 |
| Bank of America vs Capital One | 3.50% | $0 |
| Bank of America vs Chase Bank | 0.01% | $0 |
| Bank of America vs Chime | 3.75% | $0 |
| Bank of America vs CIT Bank | 4.00% | $100 |
| Bank of America vs Discover Bank | 3.50% | $0 |
| Bank of America vs Fitness Bank | 4.85% | $100 |
| Bank of America vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bank of America vs Presidential Bank | 4.50% | $5,000 |
| Bank of America vs SoFi Bank | 3.80% | $0 |
| Bank of America vs Synchrony Bank | 3.80% | $0 |
| Bank of America vs UFB Direct | 4.21% | $5000 |
| Bank of America vs Varo Bank | 5.00% | $0 |
| Bank of America vs Wells Fargo | 2.51% | $25 |
Compare Barclays' APY of 4.10% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Barclays vs Ally Bank | 3.50% | $0 |
| Barclays vs American Express | 3.50% | $0 |
| Barclays vs Axos Bank | 4.46% | $0 |
| Barclays vs Capital One | 3.50% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs Chime | 3.75% | $0 |
| Barclays vs CIT Bank | 4.00% | $100 |
| Barclays vs Discover Bank | 3.50% | $0 |
| Barclays vs Fitness Bank | 4.85% | $100 |
| Barclays vs Marcus by Goldman Sachs | 3.65% | $0 |
| Barclays vs Presidential Bank | 4.50% | $5,000 |
| Barclays vs SoFi Bank | 3.80% | $0 |
| Barclays vs Synchrony Bank | 3.80% | $0 |
| Barclays vs UFB Direct | 4.21% | $5000 |
| Barclays vs Varo Bank | 5.00% | $0 |
| Barclays vs Wells Fargo | 2.51% | $25 |