Barclays Lowers CD Rates
Barclays Bank just lowered CD rates on four certificates of deposit. The largest CD rate decrease was 20 basis points on Barclay's 4 year and 5 year CDs. Barclays 2 year and 3 year CD rates were lowered by 10 basis points. You can see how Barclay's new lower rates compare with other rates by searching our rate database at CD Rates.
New Lower CD rates at Barclays
Listed below is a complete list of current online CD rates at Barclays:
There is no minimum deposit to open a certificate of deposit at Barclays. Online CD accounts automatically renew at prevailing rates. Beginning on the date of maturity, there is a 14-day grace period in which you can withdraw funds from your CD without penalties. Barclays will send you an email alert approximately 30 days before your CD matures.
To withdraw funds from a CD account, you’ll have to contact Barclays in writing or by phone before the grace period ends. The Barclays Customer Care team can give you more detailed instructions, you can call them at 888-710-8756, seven days a week from 8am to 8pm ET.
You can receive interest disbursements every month. You can either keep interest earned in your CD account or transfer it to your Barclays online savings account or an external account.
Basically all CD accounts have early withdrawal penalties. Barclays CD account early withdrawal penalties are listed below.
Barclays may waive the early withdrawal penalty in certain circumstances, such as the death or incompetence of the CD account owner.
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