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Account review
Barclays Online Savings review
Best for: Savers who want a slightly higher no-hoop rate from an established bank.
Barclays pays 3.20% on its Online Savings account with just $0.01 needed to earn interest and no monthly fees — a touch above the 3.00% cluster, from a bank with years in US online banking.
How we make money (or don't): BidAsk currently has no affiliate relationships
with these banks and earns no commission if you open an account — the links below go directly
to each provider's own site, except the Marcus savings link, which is a personal referral link:
if you open a Marcus Online Savings Account through it, you earn an extra 1.00% APY for 3 months
(per Marcus's referral terms) and the site's publisher earns the same rate boost on his account.
See our full disclosure.
APY
3.20%
Minimum to open
$0
Minimum to earn APY
$0.01
Monthly fee
$0
FDIC insured
Yes
Barclays also markets Tiered Savings (3.50% under $250k, 3.65% on $250k+ as of Oct 2026 per Fool reviews) — confirm which product you're opening before applying.
Standout features
- 3.20% beats the 3.00% cluster with no hoops or deposit requirements.
- Only $0.01 minimum balance to earn the APY.
- No monthly fees.
Honest drawbacks
- Barclays is also marketing Tiered Savings (3.50% under $250k per October reviews) — Online Savings may be the legacy product; confirm which you're opening.
- No checking account or ATM access.
- Limited US branch presence.
Open an account at Barclays →
Link goes directly to Barclays's own site. Rates verified November 2026. Banks change APYs without notice — confirm the current rate on the provider's site before opening an account.
Sources
- Motley Fool: Barclays online savings review (Sep 2026) (checked Sep 2026)
- Barclays US savings (official) (checked Sep 2026)
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