Barclays Bank CD Rates

With no minimum deposit requirements and extra-high interest rates, Barclays is a top contender for the best CDs today

By Lindsay VanSomeren
Updated September 18, 2023
Fact checked by
Michael Rosenston
Michael Rosenston
Fact checked by Michael Rosenston
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Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance.
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Barclays CD Rates

Barclays is a 300-year-old British bank trying to stay globally relevant in modern times, and its CDs are a good-faith effort to that effect. Barclays Bank CD rates are exceptionally good, and many people will appreciate its simple, straightforward options that don’t require a magnifying glass to piece apart.?

Barclays Bank offers six different term lengths for its online CDs in the United States market.

The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

Barclays Online CD Overview

?CD Term ?APY ?Minimum Deposit
1 year 5.15% None?
18 months? 5.00%? None?
2 years? 4.60%? None?
3 years? 4.50%? None?
4 years? 4.45%? None?
5 years? 4.50%? None

Barclays Bank CDs: Key Features

APY Range 4.45%–5.15%
Minimum Deposit? None?
Term Range? 1–5 years?
Early Withdrawal Penalty? 90 days’ interest for terms of two years or less 180 days’ interest for terms over two years?
Grace Period for Penalty-Free Withdrawals? 14 days?

Technically speaking, there is no minimum deposit required to open a Barclays CD. But in reality, the bank won’t post interest to your account unless you’d earn at least one full cent in interest each month.?

If you only deposit one cent, for example, the money would stay in the account but Barclays wouldn’t credit any new interest to your account no matter how many times you renew it.?

Use a CD interest calculator to check how much total interest you’d earn with one of Barclays Bank CD rates, based on the deposit amount you wish to make. 

Compare Savings Account Rates

Barclays Bank CD rates are exceptionally high even compared to global competitors like Chase Bank. And given that it has no real minimum deposit requirement, that’s an especially strong mark in its favor, especially if you don’t mind opening an account at a new bank in order to take advantage of good rates on its CDs. 

Some people prefer opening CDs and savings accounts at other banks because it “hides” the account from themselves, making it easier to avoid the temptation to withdraw the money early. 

Is a Barclays CD Worth It?

Yes, a Barclays CD is a very good option if you’re looking to earn the highest rates possible and if you don’t mind opening a CD account at a new bank. For more CDs with high APYs, see the best CD rates currently available today.

Does Barclays Have a Minimum Deposit for CD Accounts?

No, Barclays doesn’t have a minimum deposit for its CD. But Barclays does require that you deposit enough to earn at least $0.01 in interest each month—otherwise, the bank won’t post any interest at all to your account and it’ll be stuck in an interest-free limbo until it matures.

What Is the Best Term Length for Barclays CDs?

Barclays Bank CD rates are currently the highest for its one-year term length option. Normally rates are higher on the longest-term CDs. But given the strange high-interest-rate environment we’re currently in, many banks have reversed that pattern, likely so they’re not stuck paying ultra-high rates when they go back down in the future.

Are Barclays CD Accounts FDIC-Insured?

Yes, Barclays CDs are FDIC-insured. Just remember to keep your total deposits with Barclays under $250,000, which is the limit of FDIC insurance for all of your deposits at any particular bank.?

Article Sources
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  1. Barclays. "Who We Are and Our Values."

  2. Barclays. "Barclays Online CDs."

  3. Barclays. "Terms and Conditions."

  4. Federal Deposit Insurance Corporation. "Deposit Insurance at a Glance."