Barclays Bank Lowers Top CD Rates
Barclays Bank recently lowered CD rates on several certificates of deposit. Barclays Bank CD rates were in the top 5 CD rates available for several different CD terms but that is no longer the case. The biggest decrease was on Barclays Bank 2 year CD rates which were lowered by 10 basis points. All other CD rates were lowered 5 basis points.
Before we get into the recent CD rate changes let's look at the history of Barclays Bank. The bank has been around for a very long time, 326 years to be exact. The bank started in 1690 when John Freame and Thomas Gould started trading as goldsmith bankers in, London England.
Barclays Bank's name is based on John Freame's son-in-law's name James Barclay, who joined the bank in 1736. Today Barclays is a behemoth of a bank and has over 48 million customers world wide. Barclays' U.S. operations are a lot younger, Barclays Bank Delaware (FDIC Cert # 57203) was established in 2001.
Barclays Bank CD Rate Changes
Barclays Bank CD Account Benefits
Opening a Barclays certificate of deposit is very quick and easy. Barclays has no minimum opening deposit and no fees to maintain your account. Barclays deposit products are insured by the FDIC for up to the maximum amount allowed by law.
The bank's online banking tools are some of the best tools available these days which makes online banking with Barclays hassle free. Their new account management allows you to access your account from any device, phone, tablet or pc. My favorite feature is remote deposit which allows you to take a photo of a check, upload it and you're done, the deposit is made.
You can take a quick tour of Barclays Bank's online banking platform by viewing this video:
For more information on Barclays Bank certificates of deposit and to open an account go to the bank's website at Barclays Bank Online CD Page.
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