Is Barclays Bank Legit? Barclays Online CDs and Safety Explained
Barclays Bank Delaware is the FDIC insured US bank of UK based Barclays. Here is how your deposits are protected, what Barclays pays on CDs after its October 2026 rate increase, and the trade offs to know.
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Yes. Barclays’ US online deposits are held at Barclays Bank Delaware, an FDIC insured bank in Wilmington, Delaware (certificate 57203). Deposits are insured up to $250,000 per depositor, per ownership category. Barclays pays 4.50% APY on 12 month CDs and up to 4.75% APY on 2 and 5 year CDs (as of Oct 7, 2026), with no minimum deposit. Its parent, Barclays, traces its roots to London in 1690.
Barclays is a household name in the UK but less familiar to many American savers. Since it raised its CD rates on October 7, 2026, it pays some of the highest CD rates we track. Here is who stands behind the account and what to know before you open one.
Who is Barclays in the US?
Barclays’ US consumer bank is Barclays Bank Delaware, based in Wilmington, Delaware. FDIC records show it was established in 2001, under certificate 57203, with about $43.5 billion in total assets as of June 30, 2026. We confirmed the certificate in the FDIC BankFind database. In the US, Barclays offers credit cards, online savings and online CDs.
Barclays Tiered Savings pays 3.50% APY with no minimum and no monthly fees. See our Barclays Tiered Savings review and Ally vs. Barclays savings.
The parent company, Barclays, began when two goldsmith bankers set up on Lombard Street in the City of London in 1690.
Is my money FDIC insured at Barclays?
Yes, up to $250,000 per depositor, per ownership category. Your Barclays savings and CDs count toward the same limit. A joint account, beneficiaries or a second bank can raise your coverage; see how to insure more than $250,000.
What does Barclays pay on CDs?
| Term | APY |
|---|---|
| 6 months | 4.00% |
| 9 months | 4.00% |
| 12 months | 4.50% |
| 18 months | 4.50% |
| 24 months | 4.75% |
| 36 months | 4.50% |
| 48 months | 4.50% |
| 60 months | 4.75% |
Rates valid as of Oct 7, 2026, from Barclays’ website, checked Oct 8, 2026. CD rates can change before you open and fund a CD.
On $10,000, a 12 month CD at 4.50% APY earns about $450, and a 5 year CD at 4.75% APY earns about $2,612 if the interest stays in. See how much a $10,000 CD earns.
Account terms
- Minimum deposit: none. You must fund the CD within 14 days of opening.
- Early withdrawal penalty: 90 days of simple interest on terms of 24 months or less; 180 days on longer terms.
- At maturity: a 14 day grace period to withdraw or change terms.
- Interest: compounds daily and is credited monthly.
- Who can open: US citizens and resident aliens, 18 or older, with an SSN or TIN and a US address.
What to watch for
- The app. The Barclays US Savings app is rated 3.6 on the App Store (checked Sep 28, 2026), lower than most banks we track.
- Support hours. Phone support runs 8am to 8pm ET, 7 days a week, not 24/7.
- The 9 month term. It pays less than the 6 and 12 month terms.
- Rates can change. Barclays raised rates on Oct 7, 2026; new CD rates can move again at any time.
How it compares
At our latest check, Barclays is the top rated CD on our best CD rates page. See how it stacks up in Barclays vs. Marcus and Barclays vs. Bread Savings, or the best 1 year CD rates.
How to check you are dealing with the real Barclays
- Type banking.us.barclays into your browser instead of clicking links in texts or emails.
- Search FDIC BankFind for certificate 57203 and confirm the name Barclays Bank Delaware.
- Never share a password or one time code with someone who contacts you.
Our verdict
Barclays is legitimate: an FDIC insured US bank owned by one of the oldest banks in the world. Its CDs now pay some of the best rates we track, with no minimum and light penalties up to 2 years. The trade offs are a weaker app and limited support hours. Read our full Barclays CD review.
Frequently asked questions
Is Barclays a real bank in the US?
Yes. Barclays Bank Delaware is an FDIC insured bank in Wilmington, Delaware (certificate 57203), owned by Barclays.
Is Barclays FDIC insured?
Yes. Deposits are insured up to $250,000 per depositor, per ownership category.
What are Barclays CD rates?
4.50% APY for 12 months and up to 4.75% APY for 24 and 60 months, as of Oct 7, 2026.
Does Barclays have a minimum deposit for CDs?
No. You need to fund the CD within 14 days of opening.
What is the Barclays CD early withdrawal penalty?
90 days of simple interest on terms of 24 months or less, and 180 days on longer terms.
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