Barclays vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 6, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
Wells Fargo
Platinum Savings
0.05%APYDec 6, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Wells Fargo
Platinum Savings
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.
Comparison Analysis
Comparing Barclays vs. Wells Fargo
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $385 vs $5/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $13/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $380 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
Executive Summary
Barclays offers a competitive Tiered Savings account with a top APY of 4.00% for balances over $250,000, while their Online Savings account provides a straightforward 3.60% APY with no minimum deposit or direct deposit requirements. In contrast, Wells Fargo's Way2Save Savings account yields only 0.01% APY, and their Platinum Savings account offers a maximum of 0.05% APY, contingent on maintaining a $1,000,000 balance and linking to a Premier checking account. Thus, Barclays stands out with significantly higher rates, making it a better choice for savers.
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.
Top Market Contenders
See who beats both Barclays and Wells Fargo.
| Feature | Barclays | Wells Fargo |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 12/6/2025 ↘︎ 2.46%90d Change |
| Product Name | Tiered Savings | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $250,000 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android4.7 | iOS4.9 Android4.8 |
| BBB Rating | A+ | D- |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps |
Savings Comparison
Barclays earns $2,309.4 more than Wells Fargo.
Barclays
Tiered Savings
Savings Breakdown
- Interest Earned+$2,338.00(11.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,338.00
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Wells Fargo | ||
|---|---|---|---|---|
| Online Savings | Tiered Savings | Platinum Savings | Way2Save Savings | |
Current APY | 3.60% | 4.00% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -1.0 | -1.5 | -72.0 | 0.0 |
Days Since Change | 10 | 17 | 50 | 143 |
5-Month High | 3.70% | 4.10% | 2.51% | 0.01% |
5-Month Low | 3.60% | 4.00% | 0.05% | 0.01% |
Adjustments / Mo | 0.21 | 0.21 | 0.63 | 0.00 |
Volatility Score | 0.008 | 0.009 | 0.843 | 0.000 |
How to read these metrics(Click to expand)
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