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Barclays Online CDs rates review

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Barclays Online CDs
4.5
★★★★★
Finder score
On Barclays's secure site
1-year APY
5.00%
3-year APY
3.50%
5-year APY
3.75%

Summary

Lock your money into a high-yielding CD.

Barclay's offers many CD term options ranging from 12 to 60 months and there's no opening deposit requirement. Plus, its 6 and 12-month CD offers a strong 5.00%. In addition, the early withdrawal penalties on the short terms aren't as punishing like you'd find with other banks.

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Overview of certification rates

Barclays CDs offers lower early withdrawal fees than some of its competitors. While many bank’s short-term CDs are on the lower side compared to long-term CDs, Barclays short-term CDs are particularly low.

CD termAPYMinimum deposit
6 months5.00%$0
1 year5.00%$0
18 months4.50%$0
2 years4.00%$0
3 years3.50%$0
4 years3.50%$0
5 years3.75%$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 detailDetailsDoes it matter?
Minimum deposit$0Yes, this is much lower than the average – most CDs require $500 or more.
Term range6 to 60 monthsWide range of terms, but most other competitors offer 3 to 11 month terms.
CompoundingDailyNo, most CDs compound on a daily basis.
Early withdrawal penalties
  • Term of 12 to 24 months: 90 days of simple interest
  • Term of 25 months or more: 180 days of simple interest
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 period14-day grace period from maturity to withdraw funds with no penaltyYes, 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 detailsYour 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.

If you’re convinced Barclays is for you, apply today.

Not sure Barclays is the right choice for your CD needs? Check out our list of the best CD rates to find one that suits your financial goals

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.

Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Crescent Bank CDs
Finder Rating: 4.8 / 5: ★★★★★
Crescent Bank CDs
N/A
4.85%
3.90%
$1,000
Earn competitive rates up to 4.85% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
Alliant Credit Union CDs
Finder Rating: 4.8 / 5: ★★★★★
Alliant Credit Union CDs
5.00%
5.15%
4.00%
$1,000
Lock in rates as high as 5.15% APY with a low $1,000 minimum deposit. Compounded monthly. FDIC insured.
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through Raisin
N/A
5.00%
N/A
$1
Get 5% APY on a 12 month CD, and earn an APY that’s higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
Valley Direct Online CD
Finder Rating: 5 / 5: ★★★★★
Valley Direct Online CD
N/A
4.50%
N/A
$500
Earn 4.50% APY on a 12 month CD. FDIC insured per depositor, per account ownership category.
Quontic Bank CDs
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CDs
5.05%
4.50%
4.30%
$500
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less. Member FDIC.
Ponce Bank CD through Raisin
Finder Rating: 4.9 / 5: ★★★★★
Ponce Bank CD through Raisin
4.00%
N/A
N/A
$1
Snag the highest APYs on the market for the shortest CD terms via Raisin. FDIC insured.
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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.

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