Barclays Tiered Savings
Editor reviewed3.50% APY, rising to 3.65% on balances of $250k to $1M
Rates verified July 23, 2026Open accountTracked since2026
0 reviews trackedNot financial advice. Financeradar is an independent research site, not a financial advisor, broker, or fiduciary. Rates and terms change; verify with the provider before acting. Some links may earn us a commission, which never changes a rating. How we make money
The Bottom Line
APY
3.5%
Biggest pro
Strongest major-bank rate for large balances
Biggest con
Barebones product: no ATM, checking, or buckets
At a glance
Rates verified July 23, 2026- APY
- 3.5%
- APY note
- 3.65% APY on $250k to $1M; tier rate applies to the entire balance. The 3.65% tier exceeds FDIC coverage for a single depositor.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k (the 3.65% tier exceeds FDIC coverage for a single depositor)
- Institution
- Barclays Bank Delaware
- ATM access
- No
Is it worth it?
$350 a year on a $10,000 balance
At 3.5% APY, $10,000 earns about $350 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $312 more for moving the same money. APY is variable and shown as of the date above.
What is Barclays Tiered Savings?
Barclays Tiered Savings is the big-balance saver's pick among the major banks: bring a quarter million and the whole balance earns 3.65%. The honest verdict: the strongest major-bank rate for large deposits attached to a deliberately barebones product.
As of July 2026 the account pays 3.50% APY on balances under $250,000 and 3.65% APY from $250,000 to $1M, with the tier rate applying to the entire balance. There is no minimum deposit, no minimum balance for the base rate, and no monthly fee. Deposits are held directly at Barclays Bank Delaware, Member FDIC, insured to $250,000 per depositor, which means the 3.65% tier exceeds FDIC coverage for a single depositor. A $200 bonus runs for accounts opened by July 31, 2026 with a $25,000 deposit held 120 days.
The catch: the product is bare. No ATM, no checking, no buckets, and a functional but minimal app.
Pros & Cons
Pros
- Strongest major-bank rate for large balances
- Active cash bonus
- Whole-balance tier pricing rewards big balances
Cons
- Barebones product: no ATM, checking, or buckets
- Big-balance tier tops out above the FDIC limit
- Bonus requires a $25k deposit held 120 days
Key details
3.50% APY under $250k, 3.65% APY from $250k to $1MTier rate applies to the entire balance$200 bonus: open by 7/31/26 with $25k held 120 daysNo minimum deposit or monthly feeWhole-balance tier pricing rewards big balances
Explore More
Barclays Tiered Savings FAQ
What is the current APY on Barclays Tiered Savings?
As of July 2026, 3.50% APY on balances under $250,000 and 3.65% APY on balances from $250,000 to $1M. The tier rate applies to the entire balance.
Is Barclays Tiered Savings FDIC insured?
Yes. Deposits are held directly at Barclays Bank Delaware, Member FDIC, insured up to $250,000 per depositor. Note that balances in the 3.65% tier exceed FDIC coverage for a single depositor.
What are the minimums and fees?
There is no minimum deposit, no minimum balance for the 3.50% tier, and no monthly fee. The $200 bonus requires opening by July 31, 2026 and a $25,000 deposit held 120 days.
Source: banking.barclaysus.com