Barclays vs Chime
High-Yield Savings Accounts Comparison
Last Updated: June 13, 2025
Summary of Barclays vs. Chime
As of June 13, 2025 Barclays offers an APY of 4.20% for its Tiered Savings account, compared to Chime's 3.75% APY for its Chime Savings Account account.
Barclays yields $45 more than Chime on a $10,000 balance after one year. Barclays pays $420, 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 4.20% for Tiered Savings with $250,000 minimum balance.
- Barclays has an A+ BBB rating and is BBB Accredited.
- No maintenance fees on all savings accounts at Barclays.
Potential Drawbacks
- Barclays requires a minimum balance of $250,000 to earn the highest APY.
- The current APY at Barclays decreased from 4.30% to 4.20% in the last 30 days.
- Barclays has no branches for in-person banking.
Chime
Strengths
- Chime has no minimum balance requirement for its savings account.
- Chime's APY of 3.75% is consistent over the last 30 days.
- No maintenance fees for the Chime Savings Account.
Potential Drawbacks
- Chime requires a direct deposit of $200 to earn the listed APY.
- Chime has a lower BBB rating of B-.
- Chime's maximum APY of 3.75% is lower than Barclays' highest rate.
Summary: Barclays provides a higher APY of 4.20% for large balances, alongside an A+ BBB rating. In contrast, Chime offers a more accessible savings account with no minimum balance but requires a direct deposit to achieve its APY of 3.75%. Both banks have no maintenance fees, but Barclays' recent APY decline contrasts with Chime's consistent rate.
Compare Barclays' vs Chime's Savings Accounts
| Barclays | Chime | |||
|---|---|---|---|---|
| Product | Tiered Savings | Online Savings | vs | Chime Savings Account |
| APY | 4.00% - 4.20% (as of 6/13/2025) | 3.70% (as of 6/13/2025) | 1.25% - 3.75% (as of 6/13/2025) | |
| 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 4.20% APY is only available for balances over $250,000. For lower balances, the APY is 4.00%. | 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 4 Months)
| Barclays | Chime | |||
|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | Chime Savings Account |
| Latest APY | 3.70 % | 4.20 % | 3.75 % | |
| Trend | Sideways | Falling | Rising | |
| Slope (bps/mo) | -3.8 | -6.9 | 57.1 | |
| Rate Changes / Mo | 0.88 | 1.09 | 0.22 | |
| Days Since Last Change | 6 | 6 | 76 | |
| High (-4 m) | 3.90 % | 4.50 % | 3.75 % | |
| Low (-4 m) | 3.70 % | 4.20 % | 2.00 % | |
| Draw-down from High | -5.1 % | -6.7 % | 0.0 % | |
| Volatility (CV) | 0.015 | 0.022 | 0.293 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 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 (-4 m)
- Highest APY in the last 137 days.
- Low (-4 m)
- Lowest APY in the last 137 days.
- Draw-down from High
- How far today sits below the 4-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: 4.20%
Total savings breakdown:
- Interest earned: $42 (4.03%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.97%)
Your total balance
$1,042.00
Effective APY: 4.20% (based on your deposit and contributions)
Total balance: $1,042
Earnings: $42
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 $4.5 more than Chime.
More Comparisons
Compare Barclays' APY of 4.20% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Barclays vs Ally Bank | 3.60% | $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 |
Compare Chime's APY of 3.75% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.60% | $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 |