Barclays vs. Synchrony Bank
Comparing Barclays and Synchrony Bank for high-yield savings: Barclays's Tiered Savings pays 4.00% APY while Synchrony Bank's High Yield Savings pays 3.50% 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 $35 more than Synchrony Bank annually ($385 vs $350).
Choose Barclays if getting the best rate matters most.
| Metric | BarclaysTiered Savings Feb 6, 2026 | Synchrony BankHigh Yield Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.85% - 4.00% | 3.50% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$175 $10,000+$350 $25,000+$875 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily 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 4.15% APY.
Comparison Analysis
Comparing Barclays vs. Synchrony Bank
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 4.00% for balances over $250,000, making it the winner in this comparison. For lower balances, the APY is 3.85%. In contrast, Synchrony Bank's High Yield Savings account provides an APY of 3.50%. Both banks have no maintenance fees and do not require direct deposit. However, the Barclays account is online-only and requires a minimum balance of $250,000 to access the highest rate, while Synchrony Bank has no minimum balance requirement. Overall, Barclays provides better returns for larger deposits.
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 (3.60%-4.00% vs 3.50%) on all balances
- ✓Offers 2 different high-yield savings options
Why Synchrony Bank?
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).
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $35 more interest on a $10,000 balance than Synchrony Bank's High Yield 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. Synchrony Bank Savings Calculator
You earn $35 more with Barclays than Synchrony 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+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
Synchrony Bank
High Yield Savings
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.
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 Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Synchrony Bank |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 2/6/2026 ↘︎ 0.10%90d Change | 3.50% Verified: 2/6/2026 ↘︎ 0.30%90d Change |
| Product Name | Tiered Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0 |
| 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 | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Synchrony Bank | |
|---|---|---|---|
| Online Savings | Tiered Savings | High Yield Savings | |
Current APY | 3.60% | 4.00% | 3.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -3.8 | -3.6 |
Days Since Change | 72 | 79 | 10 |
12-Month High | 3.90% | 4.50% | 4.00% |
12-Month Low | 3.60% | 4.00% | 3.50% |
Adjustments / Mo | 0.41 | 0.58 | 0.25 |
Volatility Score | 0.027 | 0.035 | 0.037 |
How to read these metrics(Click to expand)
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