Barclays Bank review: no minimum opening deposits, no monthly fees - Business Insider

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Barclays pays a high APY on its savings account, but you can find better CD rates elsewhere

has its strengths: Unlike most banks, it doesn't require a minimum deposit, so you can start with any amount. The bank also charges relatively low early withdrawal penalties should you need funds before your CD matures.

However, its rates aren't the best. Yes, Barclays pays higher APYs on CDs than brick-and-mortar banks, but you can find higher rates at other online institutions.Live customer service is available seven days per week, and you can call from 8:00 a.m. to 8:00 p.m. EST. The Barclays mobile app is more liked by Android customers than Apple customers. The app has received 4.2 out of 5 stars in the Google Play store, but only 2.2 out of 5 stars in the Apple store.We compared Barclays to two other online banks that pay high interest rates on savings: Ally and Marcus by Goldman Sachs.

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