Barclays CD rates
Barclays offers competitive online CD rates ranging from 0.10% to 4.50%, depending on the term length. With a six-month CD, you can earn the highest APY of 4.50%.One of the key benefits is the ability to open a CD account with no minimum deposit and no maintenance fees.
All Barclays CDs feature a fixed rate, which guarantees predictable growth. Your investment will earn interest at a consistent rate throughout the entire term.
However, Barclays does not provide no-penalty CDs. If you need to withdraw funds before the CD matures, a penalty will apply. Additionally, for options like bump-up CDs, you will need to explore other financial institutions.
Barclays Online CD rates
| Term |
APY |
| 3 months |
0.10% |
| 6 months |
4.50% |
| 9 months |
4.25% |
| 12 months |
3.75% |
| 18 months |
3.25% |
| 2 years |
3.00% |
| 3 years |
3.00% |
| 4 years |
3.00% |
| 5 years |
3.25% |
*Figures are correct as of November 2024.
▶︎ Learn More about the Barclays 6-months CD
Barclays online CD rates: what you need to know
If you’re looking to maximize interest earnings on money you don’t need to use immediately, the high Barclays US CD rates can be attractive. Before you start the application process, take time to understand the fine print.
Is a Barclays CD safe?
Your money is safe in a Barclays online CD. Barclays is a member of the Federal Deposit Insurance Corporation (FDIC), which means that each CD is FDIC-insured.
If you’re opening an individual account, you’re automatically insured for a maximum of $250,000 across all your deposit accounts at the bank. In other words, your money would be safe even if Barclays went under.
How Barclays compounds interest
Like many online CDs, Barclays compounds interest daily and adds it to your account once per month. You have the option to leave the money in your CD, where it can earn more interest, or have the bank deposit the funds into a savings account for easy access.
Early withdrawal penalties
Barclays CDs are designed to sit untouched until the term ends. You can access the money before then, but you’ll pay a penalty.
The early withdrawal penalty depends on the CD term:
-
CD terms 24 months or shorter: 90 days of interest on the amount you withdraw
-
CD terms longer than 24 months: 180 days of interest on the withdrawal amount
When your CD term is up, you have 14 days to decide what to do with the money. You can withdraw it during that period without paying a penalty.
Don’t need to access the funds? Do nothing, and Barclays will renew the account for you using the same term length. Your rate will likely be different from the Barclays CD rates today; the bank will determine it based on its offerings at the time of renewal.
How much can you earn with Barclays CD rates?
Your Barclays CD earnings vary based on your initial deposit, the term length and the associated APY. For example, let’s say you have $10,000 to put in a CD.
Assuming that you choose to credit the interest back to the CD, here’s what you’d earn with each Barclays CD.
| CD Term |
APY |
Earnings |
| 3 months |
0.10% |
$2.46 |
| 6 months |
4.50% |
$219.44 |
| 9 months |
4.25% |
$312.67 |
| 12 months |
3.75% |
$375.00 |
| 18 months |
3.25% |
$489.14 |
| 2 years |
3.00% |
$609.00 |
| 3 years |
3.00% |
$927.27 |
| 4 years |
3.00% |
$1,255.09 |
| 5 years |
3.25% |
$1,734.11 |
*Figures are correct as of November 2024. The calculations shown are just a simple example. Always seek advice from a qualified professional before making important financial decisions or long-term agreements.
If you can’t feasibly leave the entire amount in a CD account for up to five years, consider CD laddering. Instead of investing the entire amount in one CD, you can split it up over multiple accounts with varying terms. You’ll still benefit from the higher CD rates, all while preserving access to your money as the shorter-term accounts mature.
Is a Barclays CD right for me?
Barclays CDs may be a good choice if you’re looking for short-term savings products. After all, the maximum available term is five years. You’ll see the most value by using money you’re not likely to need during the entire term.
We like Barclays CDs because of their accessibility. These accounts don’t have fees or a minimum deposit, making it easy for anyone looking to grow their savings.
Whether you have $1,000 or $10,000, Barclays CDs help you get the most from your money. With so many flexible term options, it’s easy to find a duration that suits your financial plans.
How to open a Barclays Bank CD
Because Barclays CDs are administered online, you can open one quickly.
Here’s what to expect:
- Choose between a single or joint CD account.
- Enter your personal details and contact information.
- Provide identification information, such as your Social Security number. You may need to upload documentation, such as a passport or state ID, to prove your identity.
- Choose a CD term.
- Connect a bank account to fund your CD; you’ll need account and routing numbers.
- Set up a transfer into your CD.
- Decide whether you want to credit interest to your CD balance or deposit it in savings.
When the money arrives in your CD, you don’t need to take further action unless Barclays makes a request. At the end of the term, you can withdraw the money or renew the account.
How do Barclays CD rates compare
Most Barclays CDs come with rates that are much higher than the national average rates published by the FDIC. The Barclays six-month CD has an APY of 4.50%, which is more than twice as high as the average 1.75% for six-month CDs.
CDs from Barclays are also competitive with most other banks.
Here’s a side-by-side comparison of how Barclays CD rates compare to other popular options.
| CD term length |
Barclays |
Capital One |
Discover |
Marcus |
| 6 months |
4.50% |
4.20% |
3.90% |
4.20% |
| 12 months |
3.75% |
4.20% |
4.10% |
4.20% |
| 18 months |
3.25% |
3.90% |
3.80% |
4.00% |
| 24 months |
3.00% |
3.70% |
3.60% |
3.90% |
| 36 months |
3.00% |
3.60% |
3.50% |
3.90% |
| 60 months |
3.25% |
3.50% |
3.40% |
3.80% |
APYs are correct as of November 2024.
▶︎ Learn More about the Barclays 6-months CD
Barclays CD rates vs. Capital One CD rates
Barclays’ six-month CD outperforms Capital One’s offer. However, Barclays has lower rates than Capital One CDs for most of the longer terms. Both offer similar benefits, including no fees or minimum deposits. Barclays offers fewer term lengths, and neither provider offers anything other than traditional, fixed-rate CDs.
Barclays CD rates vs. Discover CD rates
Except for with the six-month CD, you’ll get higher rates on most term lengths with Discover. However, while Discover requires a minimum deposit of $2,500, you can open a Barclays CD with any amount.
If you’re looking for a longer-term savings product, Discover could be a good option. It offers both seven-year and 10-year CDs, both with an APY of 3.40%. Barclays’ longest term is five years.
Barclays CD rates vs. Marcus CD rates
Aside from the six-month CD, Marcus CDs generally offer higher rates than Barclays CDs. You also have the option to open a six-year CD with Marcus.
Marcus offers a rate guarantee that ensures you’ll get the highest available APY offered during the 10 days after you open the account as long as it’s funded within that period. It’s important to note that you must deposit at least $500 to open a Marcus CD.
Other ways to save with Barclays Bank
A CD isn’t the only savings product that earns interest. Barclays also offers a high-yield savings account.
And if you want to consolidate your finances with one bank, Barclays provides a range of other personal finance products, including personal loans and various credit cards.
Barclays online savings account
The Barclays Tiered Savings Account is a high-yield product that comes with an APY of up to 4.80%—which is on par with other competing accounts. The bank doesn’t require a minimum deposit to open an account, and you won’t pay any maintenance fees.
You can access the money at any time without a penalty, which could make this account more attractive if you’re stuck between a CD or a savings account. It has a solid earning potential, but you won’t be charged if you need quick cash after a storm takes out your roof.
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