Barclays Bank Reviews

4,895,222reviews on ConsumerAffairs are verified
  • We require contact information to ensure our reviewers are real.
  • Our moderators read all reviews to verify quality and helpfulness.
  • We use intelligent software that helps us maintain the integrity of reviews.
+1 more
Author picture
Edited by: Ashley Eneriz

About Barclays Bank

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Barclays Bank is the online U.S. banking division of Barclays—a global financial services provider based in London. It offers savings accounts, certificates of deposit (CDs) and personal loans, all with competitive yields and low fees. But it doesn’t offer checking accounts or money market accounts (MMAs).

Pros
  • Competitive interest rates
  • No minimum balance requirements
  • No monthly fees
  • Savings account has no monthly withdrawal limit
Cons
  • No checking accounts
  • No money market accounts
  • No ATM access

Helpful Reviews

Charleston, SC
Verified purchase
After having a co-branded Barclays and American Airlines credit card for 14 years, I'm delighted to cancel my card. I accidentally missed paying my total bill in October for the f...

Read more

Oakland, CA
I was recently married and while changing my last name, Barclays was the easiest, fastest card to do so with no hassle. I also appreciate they give me a monthly FICO score as I ha...

Read more

Our editor’s take

Barclays Bank is a prime choice for savers prioritizing high-yield savings accounts and CDs; it offers competitive rates across the board with no monthly fees or minimum balance requirements. However, those needing comprehensive banking services—including checking accounts and ATM access—will need to look elsewhere.

How does Barclays Bank work?

Barclays Bank operates as an online-only institution that provides customers with a simple way to grow their savings. As a customer, you'll manage your accounts exclusively through its digital platform and mobile banking app with no access to physical branches.

Barclays specializes in high-yield savings accounts and CDs, focusing on delivering competitive interest rates that outstrip many traditional banks. Unlike conventional banks, you won't find checking accounts or an ATM network with Barclays.

Barclays Bank products and services

Barclays Bank’s financial products include savings accounts, CDs, personal loans and credit cards.

Savings account

Barclays Online Savings account offers a competitive rate with an annual percentage yield (APY) of 4.35% at the time of publishing. It has no monthly maintenance fee or minimum balance to open. Through the Barclays savings account app, you get 24/7 online access to funds plus the ability to view statements and deposit and transfer money.

Certificates of deposit

Barclays CD rates can range from 3.50% to 5.15%, depending on the term. CD terms range from 12 to 60 months. There’s no minimum balance to open an account, so you can lock in a rate with any amount.

You can choose to leave your CD’s interest inside the account to let it grow, or you can have it transferred to another bank account each month for immediate use. As with all CDs, you’ll pay an early withdrawal penalty if you need early access to your money.

These are Barclays CD rates as of publishing:

CD termAPY
12-month CD5.15%
18-month CD4.50%
24-month CD4.00%
36-month CD3.50%
48-month CD3.50%
60-month CD3.75%
Personal loans

If you’re looking for a personal loan for debt consolidation, emergency expenses or other major purchases, then a Barclays personal loan could be worth exploring. These loans have a fixed interest rate with no origination fees, no late fees and no prepayment penalties.

Credit cards

Barclays offers several credit card products, including cards in partnership with:

  • Airlines like JetBlue, Hawaiian Airlines, Frontier, Emirates and American Airlines
  • Cruise lines like Carnival, Princess and Holland America
  • Retail stores like Gap, Old Navy, Athleta and Barnes and Noble

Barclays Bank’s credit cards feature a variety of benefits, including rewards points for travel and retail, entertainment perks and cashback programs. Its cards have annual fees ranging from $0 to $499, depending on the card you choose.

Barclays Bank rates

Barclays Bank rates outpace the national average by a long shot and compete head-to-head with many online banks. At publishing, the national savings account interest rate is 0.46%, but Barclay’s savings account rate is 4.35%. If you kept $10,000 in a savings account for a year, that’d be the equivalent of earning $435 in interest with Barclays compared to just $46 with the national average.

Barclays Bank fees

Overall, Barclays Bank has far fewer fees than the national average. Of the fees it charges, the amount is less than many traditional banks, too. For instance, many banks charge around $30 for nonsufficient funds or overdrafts, but Barclays charges $5.

Barclays Bank has no monthly fees or stop-payment fees. But you may run into these charges:

  • $5 for nonsufficient funds
  • 50 cents for paper statement copies
  • $5 for returned deposit items, up to $50 per day
  • $5 for cashier’s checks

How does Barclays Bank compare?

Compared to other financial institutions, Barclays holds its own, especially in terms of APY for savings accounts. However, competitors like Ally and SoFi have more savings account features that might interest you.

Barclays Bank FAQ

Does Barclays have checking accounts?

No, Barclays doesn’t currently offer checking accounts. Instead, it provides customers with savings accounts, CDs, personal loans and credit cards. If you’re looking for an online bank with good checking accounts and savings accounts, check out Ally and SoFi.

Does Barclays’ savings account have a withdrawal limit?

No, unlike most savings accounts, you can make however many withdrawals you’d like for a Barclays Bank online savings account without penalty.

Where is Barclays Bank located?

Barclays Bank is headquartered in London, England, and has locations across Europe, Asia, Africa and the U.S. Barclays Bank is based in Wilmington, Delaware, but operates online.

Is there a Barclays Bank in the US?

Yes, Barclays Bank is the online banking arm of Barclays, which is a global financial services company.

Still have questions?

Is Barclays Bank legit?

Barclays Bank of Delaware (Barclays) is part of a multinational institution that has roots from 1690—yes, over 330 years ago. In fact, Barclays created the world’s very first ATM, so that proves just how far its banking roots go back. Today, Barclays has over 48 million customers and is a member of the FDIC. All of your bank deposits are insured up to the maximum amount allowed by law.

Shop with confidence

Compare with top companies

Barclays Bank Reviews

Filter by Rating

  • (12)
  • (1)
  • (6)
  • (34)
  • (752)

Popular Mentions

    How do I know I can trust these reviews about Barclays Bank?
    • 4,895,222 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Recent
    • Recent
    • Oldest
    • Most helpful

    A link has directed you to this review. Its location on this page may change next time you visit.

    How do I know I can trust these reviews about Barclays Bank?
    • 4,895,222 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 10
    Customer ServicePricePunctuality & SpeedBillingRates

    Reviewed June 5, 2026

    Barclays Bank opened a card in my 93 year old father's name that was shut down close to 2 years before when the card was held by Goldman Sacs. So they fraudulently opened this card and accepted a reoccurring charge that was on his previous account that was shut down. They occurred fees that amounted to $270 on an account that was never opened. After spending over 8 hours on the phone with these absolute liars and in good faith paid the reoccurring charge of $59.99 they reneged on their promise to waive all the late fees and interest. These people are bottom feeders and they take pleasure in taking advantage of a Korean War Veteran. I only wish there was a lower rating than 1 because they would get it.

    I talked to these people for over 8 hours and the last manager I talked with told me that they couldn't talk to me anymore because I was only the power of attorney for my father and when I asked why they told me the account was closed and when we went in to make the payment just to get this done we found out the card is still active when they told us it was shut down. I'm thinking it's time to get a lawyer involved.

    Thanks for your vote!
    Customer ServiceStaffRates

    Reviewed June 4, 2026

    AARP Offers a Barclays Bank high interest savings account. I submitted and application and received the worst customer service ever experienced. Barclay requested verification of proof of ID. Drivers License, bank statement and IRS 1040 copy. All was sent as requested to show proof of ID. Barclays Bank personnel kept nick picking the documents submitted. IRS 1040 year was wrong, Copy of bank statement was intercepted as a screen print was incorrect. Barclays uses a customer service center in a location where reps fail to speak clearly English. These reps kept specifying to return responses in 5 business days. Barclays failed many times to meet this comment. The application process was in process for 29 days. After instilling a high level or mistrust and very poor level of customer service, I canceled the application. Barclays proved to be Untrustworthy and very difficult to work with.

    Thanks for your vote!

    Not sure how to choose?

    Get buying tips about Online Banks delivered to your inbox.

      By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

      Thanks for subscribing.

      You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

      Profile pic of the author.
      Customer ServiceMaintenance

      Reviewed May 27, 2026

      Barclays is an absolute NIGHTMARE to deal with for the most minor inconveniences such as assistance obtaining username information. I got my mother a new phone for Mother’s Day and she couldn’t not recall her username, and she called several different numbers just to be told to call a different number. Unsure if it was largely due to a language/culture barrier.

      Enough though she speaks English, but when I visited and saw this, I had to intervene and asked for assistance since after 7 calls and then asked for at least a soft transfer to these various departments they kept throwing us to and best I got was a blind transfer to a man named Kyle that told us he fixed the security issue which it did not reflect on the phone and that after all that work we had to call customer service on the back of the card and start over. It should be simple, but if you’re not tech savvy or an older adult, you’re screwed. I hope those calls are all recorded and actually used for training purposes to attended to a large portion of their clientele which in fact are older adults. Absolutely horrendous

      Thanks for your vote!
      Profile pic of the author.
      Punctuality & Speed

      Reviewed May 23, 2026

      The worst bank I have seen. I disputed a transaction that has been made on my account at a gas station, they waived the amount and then later they reversed the transaction back claiming that I have made this transaction, even no signature on the receipt but they still reversed back, this is not the first time. This is the second time and they did the same.

      Thanks for your vote!
      Profile pic of the author.
      Customer ServiceStaffRates

      Reviewed May 21, 2026

      I HATE Barclays. I, too, have a fraud case. I have called Barclays so many times, I can't count them. They give me the runaround EVERY time. They are an impossible company to talk to. I, too, would give them a ZERO rating if I could. I can't believe ANYONE would use them for ANY reason. Get rid of them before they screw you. What the h do people have them for. They don't help you if you have a problem. I hope they go broke.

      Thanks for your vote!
      Profile pic of the author.
      Customer ServiceRefunds & Payouts

      Reviewed May 20, 2026

      Barclay closed my dispute without fully investigating the case. The company I have the dispute with even said they were wrong and I should be refunded!! I now have to mail the dispute department with screenshots of emails and phone calls for them to reopen my case. I’ll think twice about using this card for anything but travel from now on. I expected better customer service.

      Thanks for your vote!
      Profile pic of the author.
      Customer ServicePrice

      Reviewed May 12, 2026

      I have had a fraud charge on this card that customer service will not handle properly. They told me they closed my account for me and it’s still open. I am very unhappy with this card and the service.

      Thanks for your vote!
      Punctuality & SpeedBilling

      Reviewed May 7, 2026

      I have been a customer of Barclays for over 10 years, I have never had a late payment with them, ever, I have paid off my card multiple times over the course of the business relationship, but as of currently have fallen on hard times and have maxed out my credit card, but have always continued to make the minimum payment and have never fallen behind. I woke up this morning to see that they closed out my account. I am currently in the process of reestablishing my credit and getting back on my feet and now closing down this account that I have the longest business relationship with is going to be detrimental. Their excuse is because they re-ran my credit report and I have high debt income. I will never, ever consider doing business with them again, and I caution anyone to put faith or finances in such a terrible and heartless company.

      Thanks for your vote!
      Customer ServicePunctuality & SpeedStaff

      Reviewed May 6, 2026

      If no stars were an option, I would give zero. Worst customer service ever. Have a business account, ordered a card for a new employee and it been a month and I still don't have it. First one was sent to an incorrect address but they won't tell me where. Second and third ones were sent via Fedex. Fedex didn't deliver and they will not provide a tracking number but they won't tell you the tracking number. So you can't call Fedex to find out why they won't deliver. If you have other card options, run as fast as you can from Barclays!! I am a month in and still do not have a card, makes it hard for my employee to fuel his company vehicle.

      Thanks for your vote!
      Sales & MarketingStaffBillingTimeliness

      Reviewed May 6, 2026

      Worse company ever. I applied for the Breeze Easy Airline credit card for the discount on my airline ticket. I used my PIN number for a cash advance and then the Fraud department demanded that I fax them my bank statements, front and back of my driver's license, front and back of my social security card. I had to fax it 3 times because they would say they couldn't read my license then it was the social security card. I ended up mailing and faxing documents that are supposed to be kept under lock and key. I have a credit freeze so I do not know how they issued me a credit card to begin with. I paid off the cash advance the very next day.

      Thanks for your vote!
      Loading more reviews...

      Barclays Bank Company Information

      Company Name:
      Barclays Bank
      Formerly Named:
      Juniper Financial
      State/Province:
      DE
      Country:
      United States
      Website:
      www.banking.barclaysus.com