Barclays Online CD (12 Month)

Barclays Bank Delaware sells its Online CD through its US online banking operation. There are no monthly maintenance fees and no annual fees. The Online CD comes in eight terms from 6 to 60 months, and there is no minimum opening balance or deposit on any of them. The 12 month CD at 4.50% APY is the one this page tracks. Rates as of October 7, 2026, the date Barclays states on its page, run 4.00% at 6 and 9 months, 4.50% at 12 and 18 months, 4.75% at 24 months, 4.50% at 36 and 48 months, and 4.75% at 60 months. Behind the 4.50% APY at 12 months the page lists a 4.40% interest rate. The curve is close to flat from 12 months out, with the 24 and 60 month terms paying 0.25 points more than the 12 month. The mechanics are straightforward. Interest is compounded daily and credited monthly. The early withdrawal penalty is 90 days of simple interest on the amount withdrawn for terms of 24 months or less, and 180 days for longer terms, so the 12 month CD costs 90 days of interest to break. If the forfeited amount exceeds the interest earned, Barclays takes the difference out of principal, meaning an early exit in the first few months returns less than you put in. The penalty can be waived on the death or legal incompetence of the accountholder. You must fund the account within 14 days of opening, and at maturity you get a 14 day grace period with email reminders about 30 days and 7 days ahead. Interest can stay in the CD or be routed to a Barclays Online Savings account or a verified external account. This fits a saver who wants a no minimum, one year lock and values the flexibility of starting with any amount. Compare the 24 and 60 month terms at 4.75% if you can lock the money longer. Look elsewhere if you want branch access or the ability to add funds mid-term. Savers who might need the cash inside a year should compare the 90 day interest penalty against simply using a high-yield savings account.