Barclays Bank Bank Review
About the Bank
Barclays Bank is one of the biggest financial institutions in the world and, in the U.S., Barclays Bank offers online savings accounts and certificates of deposit (CDs) to consumers.
Barclays Online Savings Account
The Barclays Online Savings Account offers a very attractive savings rate that will help you grow your cash much faster than any traditional brick-and-mortar bank.
Even better, it has no monthly maintenance fees and no minimum balance requirement.
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Barclays Online CDs
A certificate of deposit is designed to help savers stick to their financial goals -- commit your savings to a CD for a specified period of time and earn a stellar interest rate. Withdraw before that period is over and you may get penalized with an early withdrawal penalty.
Barclays Online CDs, again, offer interest rates that are significantly higher than what is found at most brick-and-mortar banks with terms ranging from 3 months to 60 months.
Interest compounds daily and there are no other fees for the CD.
Personal Loans
Barclaycard, the lending and credit card arm of Barclays, also offers very attractive personal loans that are offered to consumers on an invitation-only basis.
However, if you do get access to a Barclays personal loan, it is one of the most affordable options as it has no fees of any kind and the interest rate is extremely low (for excellent credit borrowers).
Loan terms are available for 36, 48, and 60 months.
Bank Account Reviews
- Barclays Online Savings Account Review
- Barclays Bank Online CD Rates Review
- Barclays Personal Loans Review
Bank Fees
Fees | National Average | |
---|---|---|
Monthly Inactivity | $0 | $6 |
Non-Sufficient Fund (Overdraft) | $5 | $30 |
Stop Payment item | $0 | $27 |
Domestic Wire Transfer (Outbound) | N/A | $22 |
Domestic Wire Transfer (Inbound) | N/A | $10 |
Non-Bank ATM | N/A | $1 |