Barclays Bank Online Savings Account Rate and Review
As with all U.K. Banks, Barclays Bank has been thrown a curve with the Brexit vote to leave the European Union. To reassure everyone, Barclays Group's Chief Executive Officer, Jes Staley, released a statement, "As the UK votes to leave the EU, we will not break our stride. Our commitment to our strategy and to our customers and clients remains unchanged." You can read the entire statement from Jes Staley.
Barclays Bank Online Savings Account currently has a rate and yield of 1.00 percent. Barclays Bank Online savings rate is 12 times the national average rate as reported by Bankrate's most recent Passbook & Statement Savings Study. You can view a complete list of online savings rates.
Opening a Barclays Bank online savings account is easy. As with any online bank, it takes less than 10 minutes to open an account. Setting up an external account to transfer funds will take the most amount of time.
For security reasons, test deposits are part of the external account verification process. 2 to 3 business days after you add a link to your Barclays savings account the bank will make two test deposits of less than $1.00 into your external account. The bank uses its own money for these test deposits.
After the test deposits are made into an external account, you log into your Barclays account and report the amounts of those test deposits. After you have confirmed the test deposit amounts, you’ll be able to begin transferring money between your Barclays account and your external account. Barclays Bank's routing/ABA number is 031101321.
Barclays Bank Online Savings Account Features
You can open an account online at Barclays Bank Online Savings Account. You can also speak to a Customer Care team at 888-710-8756. They are available seven days a week from 8am to 8pm ET.
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