Barclays vs Chime
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Barclays vs. Chime
As of June 20, 2025 Barclays offers an APY of 4.10% for its Tiered Savings account, compared to Chime's 3.75% APY for its Chime Savings Account account.
Barclays yields $35 more than Chime on a $10,000 balance after one year. Barclays pays $410, while Chime pays $375 - an APY advantage for Barclays.
In addition, Barclays also offers 3.70% APY for the Online Savings account.
Barclays
Strengths
- Barclays offers a higher APY of 4.10% for Tiered Savings compared to Chime's 3.75%.
- Barclays has an A+ BBB rating, indicating better trustworthiness than Chime's B- rating.
- Barclays has no direct deposit requirement, allowing easier account access.
Potential Drawbacks
- Barclays' higher APY requires a minimum balance of $250,000.
- Barclays' APY decreased from 4.20% to 4.10% in the last 30 days.
- Barclays is online-only, lacking physical branches.
Chime
Strengths
- Chime allows account opening without a high minimum balance requirement.
- Chime's APY remains stable at 3.75% over the last 30 days.
- Chime has no maintenance fees, making it cost-effective.
Potential Drawbacks
- Chime requires a direct deposit of $200 or more to qualify for the listed APY.
- Chime has a lower APY than Barclays' Tiered Savings account.
- Chime has a B- BBB rating, indicating lower trustworthiness than Barclays.
Summary: Barclays offers a higher APY of 4.10% for its Tiered Savings account, but requires a $250,000 minimum balance. Chime's 3.75% APY is accessible without high balance requirements, but mandates a direct deposit for eligibility. Barclays has a superior A+ BBB rating compared to Chime's B-, enhancing its trustworthiness. Both banks are online-only, lacking physical branches, but Barclays' lack of direct deposit requirements may appeal to more users.
Compare Barclays' vs Chime's Savings Accounts
| Barclays | Chime | |||
|---|---|---|---|---|
| Product | Tiered Savings | Online Savings | vs | Chime Savings Account |
| APY | 3.90% - 4.10% (as of 6/20/2025) | 3.70% (as of 6/20/2025) | 1.25% - 3.75% (as of 6/20/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | |
| Minimum Balance for APY | $250,000 | Enough to earn $0.01 in interest | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | N/A | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%. | |
| Visit Bank | Tiered Savings | Online Savings | Chime Savings Account | |
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.7/5 | 4.7/5 | ||
| BBB Rating | A+ | B- | ||
Comparative Historical APY Insights (Last 5 Months)
| Barclays | Chime | |||
|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | Chime Savings Account |
| Latest APY | 3.70 % | 4.10 % | 3.75 % | |
| Trend | Sideways | Falling | Rising | |
| Slope (bps/mo) | -4.2 | -7.2 | 53.6 | |
| Rate Changes / Mo | 0.85 | 1.27 | 0.21 | |
| Days Since Last Change | 11 | 3 | 82 | |
| High (-5 m) | 3.90 % | 4.50 % | 3.75 % | |
| Low (-5 m) | 3.70 % | 4.10 % | 2.00 % | |
| Draw-down from High | -5.1 % | -8.9 % | 0.0 % | |
| Volatility (CV) | 0.017 | 0.024 | 0.286 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 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 (-5 m)
- Highest APY in the last 142 days.
- Low (-5 m)
- Lowest APY in the last 142 days.
- Draw-down from High
- How far today sits below the 5-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 Barclays vs Chime
All calculations are based on APY.
Barclays
APY: 4.10%
Total savings breakdown:
- Interest earned: $41 (3.94%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.06%)
Your total balance
$1,041.00
Effective APY: 4.10% (based on your deposit and contributions)
Total balance: $1,041
Earnings: $41
Bank DetailsChime
APY: 3.75%
Total savings breakdown:
- Interest earned: $37.5 (3.61%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.39%)
Your total balance
$1,037.50
Effective APY: 3.75% (based on your deposit and contributions)
Total balance: $1,037.5
Earnings: $37.5
Bank DetailsAfter 1 year Barclays would earn you $3.5 more than Chime.
More Comparisons
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 | 3.60% | $0 |
| Barclays vs Axos Bank | 4.66% | $0 |
| Barclays vs Bank of America | 0.01% | $100 |
| Barclays vs Capital One | 3.60% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs CIT Bank | 4.00% | $100 |
| Barclays vs Discover Bank | 3.60% | $0 |
| Barclays vs Fitness Bank | 5.00% | $100 |
| Barclays vs Marcus by Goldman Sachs | 3.65% | $0 |
| Barclays vs SoFi Bank | 3.80% | $0 |
| Barclays vs Synchrony Bank | 3.80% | $0 |
| Barclays vs Varo Bank | 5.00% | $0 |
Compare Chime's APY of 3.75% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.50% | $0 |
| Chime vs American Express | 3.60% | $0 |
| Chime vs Axos Bank | 4.66% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Capital One | 3.60% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 4.00% | $100 |
| Chime vs Discover Bank | 3.60% | $0 |
| Chime vs Fitness Bank | 5.00% | $100 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs SoFi Bank | 3.80% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs Varo Bank | 5.00% | $0 |