Barclays Online CDs rates review
- 1-year APY
- 4.15%
- 36-month APY
- 3.00%
- 5-year APY
- 3.25%
Summary
Lock your money into a high-yielding CD.
Barclays offers many CD term options ranging from 6 to 60 months and there's no opening deposit requirement. Plus, its 12-month CD offers a strong 4.15%. In addition, the early withdrawal penalties on the short terms aren't as punishing like you'd find with other banks.
Overview of certification rates
Barclay’s historically offers competitive interest rates on its CDs, with low deposit requirements and multiple term options to choose from.
| CD term | APY | Minimum deposit |
|---|---|---|
| 6 months | 4.00% | $0 |
| 1 year | 4.15% | $0 |
| 18 months | 3.25% | $0 |
| 2 years | 3.00% | $0 |
| 3 years | 3.00% | $0 |
| 4 years | 3.00% | $0 |
| 5 years | 3.25% | $0 |
More about Barclays CDs
Here’s a rundown of fees, penalties and other information to help you decide whether Barclays is right for your investment needs.
| Type of detail | Details | Does it matter? |
|---|---|---|
| Minimum deposit | $0 | Yes, this is much lower than the average – most CDs require $500 or more. |
| Term range | 6 to 60 months | Wide range of terms, but most other competitors offer 3 to 11 month terms. |
| Compounding | Daily | No, most CDs compound on a daily basis. |
| Early withdrawal penalties |
| Yes, these are lower penalties than you will find on CDs from many competitors. Most CDs charge 180 days’ interest on 1-year CDs. |
| Grace period | 14-day grace period from maturity to withdraw funds with no penalty | Yes, this is slightly higher than other CDs which have a 10-day grace period. |
| Cashout information | You can opt to renew your CD at the same term or a different term if you aren’t cashing out. To cashout you’ll need to contact Barclays in writing or by phone before the grace period ends. | No, this is typical of most banks. |
| Rollover details | Your funds automatically roll over unless you contact the bank during the grace period. | No, this is typical of most banks. |
How Barclays CD rates compare
Barclays sports one of the highest APYs available on the market for a 1-year term, making it one of the most lucrative options available if you don’t mind tucking away your deposit for 12 months. The other yearly terms are also strong, making Barclays a flexible choice for high value. On top of these high rates, Barclays’ withdrawal penalties are much kinder than most CDs. For instance, they charge 90 days’ interest on its one-year CD and 180 days’ interest on its 5-year CD. Competitors usually charge 180 days’ interest on their 1-year CDs and over 365 days’ interest on their 5-year CDs.
But if you’re looking for a CD term shorter than one year, you’ll have to look elsewhere. Barclays doesn’t offer terms under 12 months, at the time of writing.
If you’re convinced Barclays is for you, apply today.
Compare Barclays to competitors’ interest rates
Select Compare to see up to four competitors side by side, comparing the term length and minimum deposit that suits you.
What is the Finder Score?
The Finder Score analyzes hundreds of CDs from more than 100 institutions. It takes into account the product's interest rate for available terms and opening deposit requirements - this gives you a simple score out of 10.
Different banks and credit unions offer CDs for various lengths of time, ranging from as short as seven days to as long as 20 years. For our ratings, we consider the term lengths that the FDIC uses in its monthly updates on national rates.
If a bank or credit union doesn’t offer a CD for a specific term used by the FDIC, we don’t penalize it: Instead, we simply don’t rate it. Each of the standard term lengths has its own APY rating based on the FDIC’s average rates.
NOTE: This is methodology for our schema rating. Please do not edit.
CDs ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.
Read the full methodology of how we rate CDs.
Your reviews
Steven Finder
Senior writer
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