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APY = Annual Percentage Yield. APYs are subject to change at any time without notice.
Barclays Online CD rates are worth exploring if you're looking for high-yield interest with little commitment. With no fees and no minimums, it's perfect for investors with less than $500 to invest. Below is a more detailed look at Barclays Online CD rates, how they stack up against other top banks, and who should get a Barclays Online CD.
Barclays Online CD rates for 2024
Rates as of Dec. 18, 2024
APY = Annual Percentage Yield
Barclays Online CD
Bottom Line
Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.
Is a high-yield savings account a better option for you?
A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
3.80%
Rate info
3.80% annual percentage yield as of December 28, 2024. Terms apply.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
up to 4.00%²
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
3.80%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Barclays Online CD rates are higher than the national average and in line with many of its competitors. It has especially competitive rates on its 1-year CDs, ideal for short-term savers.
You can invest in Barclays Online CDs with as little as $1 and choose from a flexible range of terms. Interest is credited monthly. You can withdraw interest to a Barclays savings account or external bank account every month or keep it in your CD to earn interest. Principal funds withdrawn before the maturity date face early withdrawal fees.
Minimum Deposit
$0
Range of Term Lengths
6 months to 5 years
Compounding Schedule
Daily
Early Withdrawal Penalty
90 days simple interest for CD terms 2 years or less; 180 days simple interest for CD terms longer than 2 years
Grace Period
14 days
Data source: Barclays.
Barclays Online CD pros and cons
Barclays offers a combination of great rates and no minimums. But other banks offer more short-term CDs you can stagger to create a CD ladder.
Pros
Higher CD rates than the national average
No minimum deposit requirements
No monthly fees
Cons
Only one CD term of less than one year
How much can you earn with a Barclays Online CD?
Interest rates change, but you can lock in a great rate by opening a CD account. Here's a table illustrating what potential earnings could look like if you deposited $1,000.00 into a Barclays Online CD.
The numbers in the table below may not be accurate to current APYs and are for example purposes only.
Term
APY
Earnings
6 months
4.85%
$24.54
1 year
5.00%
$51.27
1.5 years
4.50%
$69.83
2 years
4.00%
$83.28
3 years
3.50%
$110.71
4 years
3.50%
$150.27
5 years
3.75%
$206.22
Data source: Author's calculations.
Is a Barclays Online CD safe?
It is safe to invest in a Barclays Online CD. Barclays is FDIC insured, so your money is secured up to $250,000 per depositor. If something happened to Barclays, you'd get your money back.
How to open a Barclays Online CD
Opening a Barclays Online CD is easy. Just follow the steps below:
1. Open an account on the Barclays website
You will need to choose between opening a single and joint account.
2. Enter your personal info
You'll want your Social Security or Taxpayer Identification number on you, as well as your residential address.
3. Connect your bank accounts
Have an external bank or routing number handy to fund your account.
4. Choose how much to fund your account
Barclays Online CDs have no minimum deposit requirements.
5. Accept Barclays terms and conditions
Once you accept the terms and conditions, you're all finished.
Who is a Barclays Online CD right for?
A Barclays Online CD is right for short-term investors with less than $500 to invest. Rates are high on short-term CDs, and there is no minimum deposit to open an account.
At Motley Fool Money, certificates of deposit (CDs) are rated primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
There is no minimum deposit for a Barclays Online CD.
You are charged early withdrawal fees if you withdraw any of your original contribution, the principal, before your CD matures. This charge is higher for longer CD terms.
Yes, but you will be charged an early withdrawal fee if you close your account after the 14-day grace period ends.
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Synchrony Financial is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. American Express is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. Cole Tretheway has no position in any of the stocks mentioned. Matt Frankel has positions in Ally Financial, American Express, and Capital One Financial. The Motley Fool has positions in and recommends Goldman Sachs Group, PNC Financial Services, and Target. The Motley Fool recommends Barclays Plc, Charles Schwab, and Discover Financial Services and recommends the following options: short December 2024 $67.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.
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