Source: The College Investor
- Earn a $200 Bonus: New customers must deposit $25,000 within 30 days of opening the account and maintain that balance for 120 days.
- High-Yield Savings Rates: Barclays offers competitive interest rates of up to 4.80% APY.
- No Maintenance Fees: Barclays’ savings accounts come with zero monthly maintenance fees.
Barclays Bank has launched a $200 bonus promotion for new customers who open a Tiered Savings account and meet specific deposit requirements.
This bonus offer runs through January 6, 2025, and is open to new Barclays customers.
Beyond the bonus offer, Barclays currently has one of the highest interest rates for high-yield savings accounts.
About Barclays
Barclays, a banking institution with roots dating back to 1690, has been expanding its footprint in the U.S. online banking sector. Known for its high-yield savings accounts and certificates of deposit (CDs), the bank is positioning itself as a top choice for savers.
Customers must note, however, that Barclays is an online-only bank in the United States and lacks physical branches. Deposits are FDIC-insured up to $250,000, ensuring peace of mind for account holders.
Key Tiered Savings Account Features
Barclays’ tiered savings account structure provides flexibility for a variety of savers. Whether holding a modest balance or larger sums, customers benefit from competitive rates.
Right now you can earn up to 4.80% APY, with minimum balance requirements.
The tiers are:
Final Thoughts
As savings rates fall, Barclays Tiered Savings account remains one of the strongest offerings. Even their lower tier is extremely competitive versus other banks.
However, the bank bonus landscape is getting competitive as the year ends. Many other banks are now offering bonus offers to entice deposits. Check out this full list of Bank Bonus Offers and Promotions.
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