Key Takeaways
- Barclays is offering a limited-time savings promotion that combines a $200 cash bonus with a 3.90% APY for new depositors.
- By depositing $30,000 for four months, you can earn $585 total—an annualized yield of roughly 5.9% APY.
- The top savings rate for a balance of that size is currently 4.75% APY, making Barclays’ deal one of the most rewarding short-term options available.
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This Limited-Time Bank Deal Can Boost Your Savings Return
Every once in a while, an especially attractive deal pops up in our rate research of more than 200 banks and credit unions offering nationwide savings accounts. Right now, a bonus-boosted account from Barclays is one of them.
The Barclays offer is a two-parter. First, the bank currently pays 3.90% APY on balances up to $250,000 in its Tiered Savings account. That rate doesn’t match the 4.30% to 5.00% APYs you can find in our daily ranking of the best high-yield savings accounts. But it is reasonably competitive—especially considering the national average savings rate is just 0.40%.
What makes Barclays stand out is the $200 cash bonus it’s offering on top of that 3.90% yield.
To earn the extra $200, you’ll need to deposit at least $30,000 by the promotion’s deadline and maintain that balance for four months. Do that, and your $30,000 could generate almost $600 in earnings in just a few months.
Why This Matters for You
If you have enough cash to set aside $30,000, this offer can help you earn a higher short-term return than nearly any other savings account or CD.
Who Is Barclays?
Barclays is the U.S. online arm of the London-based banking group that traces its roots back more than 300 years. It operates as an FDIC-insured bank in the United States, with deposits insured up to $250,000 per depositor.
How a $200 Bonus Can Lift Your Yield to Nearly 6%
At first glance, Barclays’ 3.90% APY looks solid but not headline-grabbing. But when you factor in the $200 cash bonus, the effective return jumps significantly—at least for depositors who can commit the required $30,000 and keep it untouched for four months.
Here’s the math:
- Over four months, a $30,000 balance earning 3.90% APY would generate $385 in interest.
- Add the $200 cash bonus, and your total earnings climb to $585.
- When you annualize that four-month return, it’s equivalent to earning about 5.9% APY—a higher yield than the top savings rates currently available nationwide.
Why This Bonus Stands Out
Cash bonuses on savings accounts are fairly common, but they’re usually tied to accounts paying little or no interest. What’s unusual here is that Barclays’ $200 offer applies to a high-yield savings account—making it a rare win-win for savers looking to boost their short-term returns.
Keep in mind that, like all savings accounts, Barclays’ 3.90% APY is variable, not fixed. The rate could change at any time—and likely will decline if the Federal Reserve cuts interest rates as widely expected this fall. Even so, any bonus payout you earn would be unaffected by an APY change.
So how does Barclays’ deal stack up against other top-paying options? Here’s how total earnings compare.
| How $30,000 Could Grow With Barclays vs. Other Top Accounts | ||||
|---|---|---|---|---|
| Months | APY | Cash bonus | Total earnings | |
| Best high-yield savings rate for a $30,000 balance | 4 | 4.75% | – | $468 |
| Best 3-month CD | 3 | 4.36% | – | $322 |
| Best 5-month CD | 5 | 4.45% | – | $549 |
| Barclays Tiered Savings offer | 4 | 3.90% | $200 | $585 |
Can’t Sock Away $30,000?
If $30,000 is more than you can part with for four months, we have you covered. Our daily rankings of the best high-yield savings, money market, and certificate of deposit (CD) accounts always provide the top APYs in the country. You can also search by specific CD term—from 3 months to 5 years—using the rankings linked at the end of this article.
What to Know Before You Sign Up
Here are the detailed steps to qualify for Barclays’ $200 cash bonus:
- Open a Barclays Tiered Savings account by Dec. 31, 2025.
- Deposit at least $30,000 within 30 days of opening the account.
- Keep your balance at or above $30,000 for 120 consecutive days after meeting the funding requirement.
- Receive your $200 bonus about 60 days after you’ve maintained that balance for the full 120 days.
A few additional rules apply:
- You must be a new Barclays Tiered Savings customer. Current or former holders of a Barclays savings account or CD aren’t eligible.
- Multiple deposits from external institutions are allowed, as long as all funds are received within 30 days of account opening.
- Withdrawals that drop the balance below $30,000 could disqualify you from earning the bonus.
Barclays’ Tiered Savings account currently pays 3.90% APY on balances up to $250,000, after which the rate increases to 4.10% APY. You can deposit more than $30,000 if you wish, but because the cash bonus is fixed at $200, your effective blended yield will be lower than the 5.9% APY equivalent we calculated for a $30,000 deposit held for four months.
Daily Rankings of the Best CDs and Savings Accounts
We update these rankings every business day to give you the best deposit rates available:
Important
Note that the “top rates” quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often 5, 10, or even 15 times higher.
How We Find the Best Savings and CD Rates
Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account’s minimum initial deposit must not exceed $25,000. It also cannot specify a maximum deposit amount that’s below $5,000.
Banks must be available in at least 40 states to qualify as nationally available. And while some credit unions require you to donate to a specific charity or association to become a member if you don’t meet other eligibility criteria (e.g., you don’t live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.