Barclays vs. Chime
Comparing Barclays and Chime for high-yield savings: Barclays's Tiered Savings pays 3.65% APY while Chime's Chime High-Yield Savings Account pays 3.75% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Chime pays $25 more than Barclays annually ($375 vs $350).
Choose Barclays if you want a no-strings-attached account. Choose Chime if getting the best rate matters most.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Barclays offers its savings account standalone.
| Metric | BarclaysTiered Savings Aug 6, 2026 | ChimeChime High-Yield Savings Account Aug 6, 2026 |
|---|---|---|
| APY | 3.50% - 3.65% | 0.75% - 3.75% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.65% APY is only available for balances over $250,000. For lower balances, the APY is 3.50%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.10% APY.
Executive Summary
Chime offers a competitive High-Yield Savings Account with an APY of 3.75%, making it the highest-yielding option compared to Barclays, which provides a Tiered Savings account with an APY of 3.65% for balances over $250,000. Chime's account requires a qualifying direct deposit of $200 or more within the last 34 days, while Barclays' accounts have no direct deposit requirement. For those looking for simplicity, Barclays also offers an Online Savings account with a lower APY of 3.30%. Both banks operate online only and have no maintenance fees.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
Why Chime?
No distinct advantages found vs Barclays.
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $375 vs $350/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $938 vs $875/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.30% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account pays $25 more interest on a $10,000 balance than Barclays's Tiered Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Barclays vs. Chime Savings Calculator
You earn $25 more with Chime than Barclays on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $349 per year in interest.
Both Barclays and Chime dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Chime |
|---|---|---|
| APY | 3.65% Range: 3.50% - 3.65% Verified: 8/6/2026 ↘︎ 0.10%90d Change | 3.75% Range: 0.75% - 3.75% Verified: 8/6/2026 - |
| Product Name | Tiered Savings | Chime High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | Yes |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | The 3.65% APY is only available for balances over $250,000. For lower balances, the APY is 3.50%. | - |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at Chime Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Chime | |
|---|---|---|---|
| Online Savings | Tiered Savings | Chime High-Yield Savings Account | |
Current APY | 3.30% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.5 | -8.1 |
Days Since Change | 43 | 43 | 4 |
12-Month High | 3.70% | 4.10% | 3.75% |
12-Month Low | 3.30% | 3.65% | 3.00% |
Adjustments / Mo | 0.33 | 0.33 | 0.25 |
Volatility Score | 0.041 | 0.040 | 0.085 |
How to read these metrics(Click to expand)
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