Barclays vs. Chime
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 18, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 18, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
Comparison Analysis
Comparing Barclays vs. Chime
As of Barclays offers an APY of 4.00% for its Tiered Savings account, with a minimum balance of $250,000, compared to Chime's 3.50% APY for its Chime High-Yield Savings Account, with a minimum balance of $0.01.
Barclays pays $35 more than Chime on a $10,000 balance after one year. Barclays pays $385 (with an effective APY of 3.85%), while Chime pays $350 - an APY advantage for Barclays.
In addition, Barclays also offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest.
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.50%) on all balances
- ✓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
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $385 vs $350/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $875/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $35 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Barclays offers a competitive Tiered Savings account with a notable APY of 4.00% for balances over $250,000, while lower balances earn 3.85%. This account is online-only and has no maintenance fees or direct deposit requirements, making it a strong choice for higher savings. In comparison, Chime's High-Yield Savings Account provides a lower APY of 3.50%, but requires a qualifying direct deposit of $200 or more within the preceding 34 days. Both banks are online-only and have no maintenance fees, but Barclays stands out with a significantly higher APY for larger deposits.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Barclays vs. Chime Savings Calculator
You earn $35 more with Barclays than Chime 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+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both Barclays and Chime.
| Feature | Barclays | Chime |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/18/2025 ↘︎ 0.10%90d Change | 3.50% Range: 1.00% - 3.50% Verified: 12/18/2025 ↘︎ 0.25%90d Change |
| 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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| 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 | iOS4.9 Android4.7 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Chime | |
|---|---|---|---|
| Online Savings | Tiered Savings | Chime High-Yield Savings Account | |
Current APY | 3.60% | 4.00% | 3.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -4.2 | 11.1 |
Days Since Change | 22 | 29 | 63 |
11-Month High | 3.90% | 4.50% | 3.75% |
11-Month Low | 3.60% | 4.00% | 2.00% |
Adjustments / Mo | 0.47 | 0.65 | 0.19 |
Volatility Score | 0.025 | 0.035 | 0.188 |
How to read these metrics(Click to expand)
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