Barclays Banking Review

Company Overview: Barclays

Barclays is a UK-based bank that serves nearly 50 million people worldwide. In the U.S., Barclays’ banking operation is entirely online. This allows Barclays to offer a high yield savings account with an outstanding annual percentage yield. Barclays has a top-notch reputation for customer excellence and overall service.

Barclays Overview

Barclays offers attractive rates and terms compared with other top online bank accounts:

Account Minimum: $0

Monthly Service Fee: $0

Debit Card: Yes

Mobile App: Yes

How Barclays Compares: Key Benefits Of Barclays

Here are some of the reasons that investors love Barclays:

  • Great Rates: Barclays has among the highest rates for bank accounts in the industry, which means you can watch your money grow.
  • Account Minimum: You can open a Barclays online savings account with $0.
  • Monthly Deposits: With Barclays high yield savings account, there is no maximum monthly deposit. You can also make direct deposit into your online savings account.
  • Customer Support: Barclays offers 24/7 customer support.

Bottom Line: Is Barclays right for you?

Barclays is not a traditional bank, but it’s low fees and high rates make it an attractive option with several perks.

Barclays offers among the highest rates for online bank accounts, which means you can watch you money grow faster. With no monthly maintenance fees or minimum balance, Barclays has built the reputation as a top bank. Barclays also only charges $5 for non-sufficient funds, which is significantly lower than other banks (which may charge $25 or more).

Barclays is an online bank in the U.S., and has no physical branches or ATM network. Barclays also does not have a mobile app.With all online savings accounts, federal law limits electronic transactions to a third party or another account to six per statement cycle. However, you can make unlimited electronic deposits with a Barclays online high yield savings account.

So if you like to earn high yield on your savings, like to watch your cash grow and don’t need hand-holding with your bank, then the Barclays high yield savings account could be a good match.

Next Steps: How To Apply To Barclays

You can open a Barclays account online within a few minutes, and the process is simple.


Best Bank Accounts For 2018

Bank
Rates (APY)

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • One of the oldest online banks
  • Mobile app is compatible with Apple, Android and Windows phones
  • Real-time chat support
  • Access to over 43,000 free ATMs
  • No ATM fees at AllPoint ATMs, plus $10 / month reimbursement for other ATMs

Review

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:No
Mobile App:No

Details

  • No transaction fees
  • Easy electronic transfers, wire transfers or deposit by check
  • One of the leading financial services companies

Overview

Account Minimum:$0
Monthly Service Fee:Waived, if balance of at least $30
Debit Card:Yes
Mobile App:Yes

Details

  • Offers remote check deposit
  • Access to more than 2 million ATMs
  • $0 fees for Synchrony Bank ATMs, $5 monthly rebate for other ATMs
  • $0 overdraft fee
  • Hotel discounts and rental car discounts available for balances over $10,000

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • $5 non-sufficient funds fee (much lower than other banks)
  • No maximum monthly deposit
  • No ATM network, but ability to make electronic transfers that link to your bank account

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Not-for-profit credit union that you can join by meeting membership criteria, or simply making a $10 charitable donation
  • Access to 80,000 ATMs
  • $0 ATM fees for in-network ATMS, plus $20 / month reimbursement for other ATMs
  • 24/7 phone support

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Extensive ATM network
  • One of the highest yields around
  • Strong customer service

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Includes automatic savings tool
  • Extensive ATM network
  • Access to service cafes in select cities
  • Ability to set and track goals to save you money

Overview

Account Minimum:$100
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • One of the highest rates
  • Free online banking

Review

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Barclays Banking Review
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