Barclays CD Review (September 2026): 4.35% APY on 24 Months, No Minimum
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Rates checked on banking.us.barclays on September 24, 2026 (Barclays dates them 9/11/2026) · Updated
Barclays' best CD rate is 4.35% APY on the 24-month Online CD, followed by 4.25% on the 12- and 60-month terms, with no minimum deposit (APYs valid as of September 11, 2026). The ladder is uneven: the 18-month pays 3.00% and the 36- and 48-month only 2.50%, so pick the term, not the brand. Barclays' online bank has also moved to banking.us.barclays; the old banking.barclaysus.com address redirects there.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 4.75%, Barclays 60-month Online CD (banking.us.barclays, accurate as of October 7, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $119,950 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $6,186 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Barclays CD rates by term
| Barclays Online CD term | APY | Interest rate |
|---|---|---|
| 6 months | 4.00% | 3.92% |
| 9 months | 4.15% | 4.07% |
| 12 months | 4.25% | 4.16% |
| 18 months | 3.00% | 2.96% |
| 24 months | 4.35% | 4.26% |
| 36 months | 2.50% | 2.47% |
| 48 months | 2.50% | 2.47% |
| 60 months | 4.25% | 4.16% |
How Barclays compares on five-year money
| Option | Term | APY | As of |
|---|---|---|---|
| Barclays Online CD | 24 months | 4.35% | 09/11/2026 |
| Barclays Online CD | 60 months | 4.25% | 09/11/2026 |
| Best nationally available 5-year CDs | 5 years | 4.35%-4.50% | 09/25/2026 |
| Sallie Mae Bank CD | 60 months | 4.40% | 09/24/2026 |
| Marcus High-Yield CD | 5 years | 4.35% | 09/24/2026 |
| Capital One 360 CD | 60 months | 3.60% | 09/24/2026 |
| A-rated-or-better 5-year MYGAs | 5 years | ~5.50%-6.05% | 10/14/2026 |
- The 24-month is the sweet spot. At 4.35% it matches the best 2-year CDs on DepositAccounts' September table.
- Avoid the 18-, 36- and 48-month terms unless the rate changes: 2.50%-3.00% is below Barclays' own savings account.
- No minimum makes Barclays useful for small ladder rungs; you must fund within 14 days.
- FDIC insured through Barclays Bank Delaware (cert #57203), a U.S.-chartered bank; coverage is the standard $250,000 per depositor, per ownership category.
Rates expire like milk.
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Barclays savings rates (for comparison)
| Barclays savings account | APY | As of |
|---|---|---|
| Online Savings | 3.20% | 09/11/2026 |
| Tiered Savings, under $250,000 | 3.50% | 09/11/2026 |
| Tiered Savings, $250,000 to $1,000,000 | 3.65% | 09/11/2026 |
Barclays 60-month CD vs. a 5-year MYGA: $250,000 math
| $250,000 for 5 years | Barclays 60-month CD at 4.25% | 5-yr MYGA at 5.50% |
|---|---|---|
| Rate | 4.25% APY, fixed | 5.50%, fixed for the term |
| Tax on earnings | Every year | Deferred until withdrawn |
| Value after 5 years, after 24% federal tax | ~$293,100 | ~$308,300 (tax paid at the end) |
| Protection | FDIC, $250K per ownership category | Insurer claims-paying ability + state guaranty association (limits vary by state) |
| Getting out early | Interest penalty | Surrender charge above the free-withdrawal amount; IRS 10% penalty before 59½ |
About $15,200 more after federal tax on the MYGA (24% bracket, state tax ignored). For money you may need inside two years, or that must stay FDIC insured, the MYGA is the wrong tool. MYGA benchmark: carriers rated A or better topped out around 5.50% to 6.05% on 5-year compound-interest MYGAs, per public carrier rate sheets, October 14, 2026. Rates vary by state, premium and carrier.
Barclays CDs: FAQ
What are Barclays CD rates today?
Barclays lists these Online CD APYs, valid as of September 11, 2026: 6 months 4.00%, 9 months 4.15%, 12 months 4.25%, 18 months 3.00%, 24 months 4.35%, 36 months 2.50%, 48 months 2.50% and 60 months 4.25%. There is no minimum deposit.
What is the best Barclays CD rate?
The 24-month CD at 4.35% APY (valid as of September 11, 2026), followed by the 12-month and 60-month at 4.25%. The 18-, 36- and 48-month terms pay far less (3.00% and 2.50%).
Is there a minimum deposit for a Barclays CD?
No. Barclays says no minimum opening balance or deposit is required, and the account must be funded within 14 days of opening.
What is the Barclays CD early withdrawal penalty?
Barclays says a penalty may be charged for early withdrawal and sets the terms in its account agreement. DepositAccounts lists 90 days of interest on the 24-month CD and 180 days on the 60-month CD (table updated 09/25/2026).
Are Barclays CDs FDIC insured?
Yes. Barclays Online CDs are issued by Barclays Bank Delaware, FDIC certificate #57203, insured up to $250,000 per depositor, per ownership category. FDIC BankFind lists about $43.5 billion in total assets as of June 30, 2026.
Is a Barclays 5-year CD better than a MYGA?
For five-year money you will not touch, a MYGA usually pays more: about 5.50%-6.05% from A-rated-or-better insurers on October 14, 2026 versus 4.25% on Barclays' 60-month CD, and MYGA interest is tax-deferred. The CD wins on FDIC insurance and a smaller early-exit cost.
My take
Barclays is a clean, no-minimum online CD shop whose 24-month (4.35%) and 12-month (4.25%) terms are competitive and whose 36- and 48-month terms are not. For five-year money, compare the 4.25% 60-month CD with the best national 5-year CDs and with a MYGA before you lock.
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) and is not affiliated with Barclays Bank Delaware or Barclays PLC. He does not sell CDs. Rates are copied from the sources named, as of the dates shown; confirm the current rate before opening. MYGA figures are illustrations, not quotes.
Comparing a Barclays CD with a MYGA?
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Barclays' 60-month CD pays 4.25%. See what a 5-year fixed annuity pays on the same money, tax-deferred.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. CD rates change frequently, typically weekly. Always confirm current values against the bank's published disclosure before opening an account. MYGA rates change monthly; always confirm against the carrier's most recent rate sheet and contract before purchasing. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers and is not a bank, is not affiliated with Barclays Bank Delaware or Barclays PLC, and does not sell CDs. No compensation has been received from any bank or carrier in connection with the publication of this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity. CDs and MYGAs are long-term contracts with early-withdrawal penalties; they are not suitable for funds you may need before maturity. FDIC coverage limits and state insurance guaranty association limits are subject to change.