If you’re a member of Barclays US, you’ll notice its competitive annual percentage yields, or APYs, on its savings accounts and certificates of deposit, but you’ll be hard-pressed to find an online checking account. In fact, Barclays doesn’t offer checking account services and doesn’t operate physical branches in the US.
What we like
- Higher APYs on CDs and savings accounts compared with other major US banks
- No minimum to open an account
- No limit to monthly deposit amounts
- No monthly maintenance fees
- Easy-to-use mobile app
What we don’t like
- No checking account option
- No brick-and-mortar branches in the US
Who is Barclays best suited for?
Barclays is ideal for savers who have checking accounts at other banks but are looking to broaden their financial portfolio with high-yielding savings accounts. If you’re looking to up your savings game with a high-yield savings account or a CD with a competitive APY, and don’t need a physical branch to do your banking, a Barclays account might be a great fit for you.
Barclays banking experience
Barclays provides online-only banking services in the US. You can access your account online and through the bank’s mobile app. You can set up and manage your account on your time wherever you’re located and outside traditional banking hours.
You can access your account online 24 hours a day, seven days a week. To speak to a Barclays representative, you can call toll-free daily between 5 a.m. and 5 p.m. PT at 888-710-8756.