Barclays vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 17, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
Synchrony Bank
High Yield Savings
3.65%APYDec 17, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield Savings
Comparison Analysis
Comparing Barclays vs. Synchrony Bank
As of Barclays offers an APY of 4.00% for its Tiered Savings account, with a minimum balance of $250,000, compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
Barclays pays $20 more than Synchrony Bank on a $10,000 balance after one year. Barclays pays $385 (with an effective APY of 3.85%), while Synchrony Bank pays $365 - 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 3.65%) 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 $365/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $912/yr).
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $20 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.
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 4.00% for balances over $250,000, while lower balances earn 3.85%. This account is online-only and does not require direct deposit. In comparison, Synchrony Bank's High Yield Savings account provides an APY of 3.65%, also online-only and without a direct deposit requirement. Given the higher APY, Barclays is the winner, particularly for those with larger deposits, making it a more attractive option for savers looking to maximize their returns.
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. Synchrony Bank Savings Calculator
You earn $20 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+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
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 Synchrony Bank.
| Feature | Barclays | Synchrony Bank |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/17/2025 ↘︎ 0.10%90d Change | 3.65% Verified: 12/17/2025 ↘︎ 0.15%90d Change |
| Product Name | Tiered Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.7 | iOS4.8 Android4.4 |
| 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Synchrony Bank | |
|---|---|---|---|
| Online Savings | Tiered Savings | High Yield Savings | |
Current APY | 3.60% | 4.00% | 3.65% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | -4.3 | -3.5 |
Days Since Change | 22 | 29 | 30 |
11-Month High | 4.00% | 4.50% | 4.10% |
11-Month Low | 3.60% | 4.00% | 3.65% |
Adjustments / Mo | 0.55 | 0.64 | 0.27 |
Volatility Score | 0.026 | 0.037 | 0.033 |
How to read these metrics(Click to expand)
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