Barclays vs. Santander Bank
Comparing Barclays and Santander Bank for savings: Barclays's Tiered Savings pays 3.75% APY while Santander Bank's Santander Savings pays 0.01% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $364 more than Santander Bank annually ($365 vs $1).
Choose Barclays if getting the best rate matters most, or you're an Android user. Choose Santander Bank if you value in-person banking, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Apr 21, 2026 | Santander BankSantander Savings Jan 29, 2026 |
|---|---|---|
| APY | 3.65% - 3.75% | 0.01% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDaily 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 4.07% APY.
Comparison Analysis
Comparing Barclays vs. Santander Bank
Executive Summary
Barclays offers a competitive Tiered Savings account with a high APY of 3.75% for balances over $250,000, while lower balances earn 3.65%. This account is online-only and has no maintenance fees or minimum deposit requirements. In contrast, Santander Bank's Savings account provides a significantly lower APY of 0.01%, with a minimum deposit of $25 and a maintenance fee of $1. Given the substantial difference in APY, Barclays is the clear winner for those looking to maximize their savings.
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?
- ✓Higher potential APY (3.75% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 4.1)
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $365 vs $1/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $912 vs $3/yr).
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.7 (vs. 4.1)
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $364 more interest on a $10,000 balance than Santander Bank's Santander 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
Top Market Contenders
Barclays vs. Santander Bank Savings Calculator
You earn $364 more with Barclays than Santander Bank 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+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Barclays | Santander Bank |
|---|---|---|
| APY | 3.75% Range: 3.65% - 3.75% Verified: 4/21/2026 ↘︎ 0.25%90d Change | 0.01% Verified: 1/29/2026 Stable (90d) |
| Product Name | Tiered Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $250,000 | $0 |
| Monthly Fee | $0 | $1 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | Primarily in the Northeast and Miami, Florida |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Branch-based retail accounts only. |
| BBB Rating | A+ | Not Rated |
| Important Notes | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Santander Bank | |
|---|---|---|---|
| Tiered Savings | Online Savings | Santander Savings | |
Current APY | 3.75% | 3.50% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.0 | -2.7 | -0.2 |
Days Since Change | -76 | -22 | 132 |
12-Month High | 4.50% | 3.90% | 0.03% |
12-Month Low | 3.75% | 3.50% | 0.01% |
Adjustments / Mo | 0.74 | 0.49 | 0.08 |
Volatility Score | 0.044 | 0.031 | 0.462 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.75% with other banks
Compare Santander Bank's APY of 0.01% with other banks
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|---|---|---|
| Santander Bank vs Ally Bank | 3.10% | $0 |
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