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Barclays CDs offer some of the highest yields in the country. With no opening deposit and plenty of term lengths, it’s a great option if you’re looking for a way to safely grow your savings.

Annual percentage yields (APYs) and account details are accurate as of August 6, 2024. 

Overview of Barclays CDs

Barclays Certificates of Deposit (CDs) have terms that range between six months and five years with no minimum deposit requirement. You’ll find the highest yield of 4.25% on both its six- and nine-month offerings, with rates declining as term lengths increase. 

Still, it makes sense to utilize a five-year CD, which currently comes with a 3.25% APY, if that matches up with a particular savings goal. After all, long-term rates could decline should the Federal Reserve signal it will cut rates. 

Barclays offers flexibility in how you can take advantage of the earnings on its high-yield CDs: You can either have your earnings deposited into a savings account each month, or you can leave them inside your CD to grow and compound.

Barclays CDs have a 14-day grace period at maturity where you can cash it out without penalty. You’ll get a reminder email about your grace period 30 days before your CD matures. If you do nothing during the grace period, your CD will renew for another term.

OVERVIEW OF BARCLAYS CD RATES
Minimum deposit
$0
Term lengths
6, 9, 12, 18, 24, 36, 48 and 60 months
Compounding schedule
Daily
Early withdrawal penalty
  • CDs with terms of 24 months or less: Penalty of 90 days’ interest
  • CDs with terms greater than 24 months: Penalty of 180 days’ interest
Grace period for penalty-free withdrawals after maturity
14 days

Barclays also offers a three-month CD, but doesn’t advertise it. Moreover, the yield on that CD is just 0.10% APY, which doesn’t warrant consideration.  

How much can you earn on a Barclays CD

The details of a CD, including its yield, minimum deposit requirements, interest payment schedule, and fees, depend on the issuer and whether you purchase it new. The available yields are listed in the table below.

TERMAPY
6 months
4.25%
9 months
4.25%
12 months
3.75%
18 months
3.25%
24 months
3.00%
36 months
3.00%
48 months
3.00%
60 months
3.25%

With our CD calculator below, you can run the numbers to see how much you’d earn.

How to get a Barclays CD

You can open a Barclays CD online in just a few minutes using these steps. 

  1. Go to Barclay’s website and click “Open an account.” 
  2. Choose whether you’d like a single or joint account.
  3. Gather your Social Security number or Taxpayer Identification Number, as well as your external bank routing and account number. You’ll need these to apply. 
  4. Enter your personal information, like your name, residential address, phone number and date of birth.
  5. Select which CD term you’d like to open.
  6. Fund your account using your external bank information. 
  7. Accept the terms and conditions, and you’re done!

Once your CD is open, there’s nothing left to do but sit back and watch it grow. The APY you receive won’t change throughout your term, so you can use our CD calculator to estimate ahead of time exactly how much you’ll earn with Barclays’ CD rates.

How Barclays CD rates compare

Barclays CDs have some of the most competitive APYs in the market, with consistently high rates across the terms it offers.

Remember, there’s no opening deposit requirement, so you can get started with any amount. For comparison, PenFed Money Market certificates, Citi® Certificates of Deposit and Bank of America Fixed Term certificates of deposit require at least $500 to $1,000. This makes Barclays a great option if you’re a fledgling saver.

Here’s how Barclays CD rates stack up against the best CD rates from other popular CD providers. As you can see, its rates outshine the competition for most terms. 

CD TERMBARCLAYS CD RATES (APY)PENFED CD RATES (APY)BANK OF AMERICA CDS*
12 months3.75%4.00%4.90% (13 months; featured CD)
18 months3.25%4.00%0.03%
24 months3.00%4.00%3.20% (25 months; featured CD)
36 months3.00%3.40%0.03%
48 months3.00%3.20%0.03%
60 months3.25%3.20%0.03%
*Note: Rates may vary depending on location. For reference, the ZIP code 33966 was used for these rates.

Barclays’ rates are on par with some of the best credit union rates. If you’re looking for more term options or a more personalized, community-focused touch, exploring rates offered by credit unions may be a good alternative. 

Other products Barclays offers

Barclays only has one other banking product — a savings account. The Barclays Online Savings account earns a competitive 4.20% APY and has no monthly maintenance fees or minimum opening balance, so it’s a great choice if you’re also looking for a place to store your emergency fund or other savings. 

The Barclays Online Savings account also has built-in savings tools to help you reach your goals faster. There’s no limit on the number of outgoing transfers you can make each month.

Barclays also has credit cards and personal loans. 

Barclays review

Barclays is a global investment bank and financial services corporation. It provides a variety of banking and wealth management services to consumers, small businesses and large corporations. 

Barclays’ U.S. banking division is known as Barclays Bank Delaware (Barclays for short). It’s known for having CDs and savings accounts with high yields, low fees and a variety of digital tools to manage your finances. 

Frequently asked questions (FAQs)

Yes, Barclays CDs are FDIC insured up to the maximum amount allowed by law, which is currently $250,000 per depositor per account. This means that your money is protected by the government in the event that Barclays fails.

Yes, you can have up to 25 Barclays accounts at any one time. Creating a CD ladder with multiple accounts can be a great way to maintain access to your money on a rolling basis. With a CD ladder, you divide your money up between several CDs with staggered maturity dates. As each CD matures, you can withdraw the money without penalty while still earning a higher interest rate on your longer-term CDs.

The highest Barclays CD APY is currently 4.25% for both the six- and nine-month CDs. If you were to open an account with $10,000, this means you would earn $312.67 in interest at maturity with the nine-month term. Compare Barclays CD rates to our best CD rates to see if you could earn more somewhere else.

It depends on what you’re looking for in a CD. Barclays has a lower minimum opening deposit and higher CD rates than Marcus. But Marcus has more CD terms to choose from —  six months to six years — and three different CD types: Marcus by Goldman Sachs High-Yield certificates of deposit, Marcus by Goldman Sachs No-Penalty CDs that allow early withdrawals and the Marcus by Goldman Sachs Rate Bump CD if you want to increase your APY. Neither bank has jumbo CDs.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Cassidy Horton is a finance writer specializing in banking and insurance. She's written for Forbes Advisor, Money, The Balance, Clever Girl Finance, and more. Cassidy first became interested in personal finance after paying off $18,000 in debt within 10 months of graduating college. She went on to triple her salary in two years by ditching her 8-to-5 job to write for a living. Today, Cassidy runs a site called MoneyHungryFreelancers.com where she helps new freelancers organize their finances and crush their money goals.

Ashley Barnett has been writing and editing personal finance articles for the internet since 2008. Before editing for USA TODAY Blueprint, she was the Content Director for an international media company leading the content on their suite of personal finance sites. She lives in Phoenix, AZ where you can find her rereading Harry Potter for the 100th time.

Taylor Tepper

BLUEPRINT

Taylor Tepper is the lead banking editor for USA TODAY Blueprint. Prior to that he was a senior writer at Forbes Advisor, Wirecutter, Bankrate and Money Magazine. He has also been published in the New York Times, NPR, Bloomberg and the Tampa Bay Times. His work has been recognized by his peers, winning a Loeb, Deadline Club and SABEW award. He has completed the education requirement from the University of Texas to qualify for a Certified Financial Planner certification, and earned a M.A. from the Craig Newmark Graduate School of Journalism at the City University of New York where he focused on business reporting and was awarded the Frederic Wiegold Prize for Business Journalism. He earned his undergraduate degree from New York University, and married his college sweetheart with whom he raises three kids in Dripping Springs, TX.