Barclays Bank is a multinational bank with its origins in London, England, but they’ve been operating in the United States since 1925.
Recently, they’ve been known, at least online, as one of the more prominent online banks because they offer competitive rates on their online savings and certificates of deposit.
If you’ve been thinking about opening a new bank account with Barclays, there is a bonus offer available for you.
This is the first time I’ve seen Barclays offer a bank bonus and once it expires on 1/6/2025, I’m not sure if they’ll be refreshing it. If you have enough funds to deposit and have been thinking about this offer, I would not delay.
💵 U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through December 31, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Barclays Tiered Savings Account: $200
Barclays $200 Savings Account Bonus Summary
- What you get: $200 bonus
- Who qualifies: Nationwide
- Where to open: Online
- How to get it:
- Open a Barclays Savings account,
- deposit $25,000 within 30 days of opening the account and maintain at least $25,000 in that account for 120 days
- Collect $200!
- When does it expire: 1/6/2025
Barclays has a great $200 bonus offer when you open a new Barclays Tiered Savings Account. It’s available to new bank customers (existing Savings and CD account holders not eligible) nationwide.
Once you open a new account, you need to deposit $25,000 within 30 days of opening the account and maintain at least $25,000 in that account for 120 days. Then, you need to maintain at least $25,000 in the account for 120 days. Once you meet those qualifications, you’ll get $200 deposited into the account within 60 days after you meet the requirements.
This offer doesn’t have a direct deposit requirement and you’re able to earn a very competitive interest rate the entire time. Also, there are no monthly fees.
There are no monthly maintenance fees and the bonus will be reported as bank interest. If you’d like to learn more about their other services, our Barclays Bank review has more.
Terms Apply.
To qualify for this bonus offer, you must be a new Barclays Tiered Savings customer (current and previous Barclays customers with a Savings or CD are not eligible), open an account 11/7/2024 through 1/6/2025, fund your new Tiered Savings account with at least $25,000 within the first 30 days of opening the account, and maintain the balance of at least $25,000 for 120 consecutive days. After you maintain the $25,000 balance for 120 consecutive days, the $200 bonus will be added to your account in approximately 60 days. Offer expires 1/6/2025. You may make multiple deposits to your account from another financial institution(s) to meet the offer requirements, provided these deposits all occur no later than 30 days after opening the new Tiered Savings account. The funds deposited into your Barclays Tiered Savings account will earn the then current annual percentage yield listed on banking.barclaysus.com/tiered-savings for the Barclays Tiered Savings account. Withdrawals could affect your eligibility to earn the bonus if the withdrawal causes the account balance to drop below $25,000. The 120 consecutive days will not start until the $25,000 is deposited within 30 days from opening the account. The bonus will be applied and treated as interest for tax purposes and could require Barclays to send you a Form 1099-INT (Interest Income) and file it with the IRS for the year in which you earn the bonus. While there is no minimum required to open a Barclays Tiered Savings account, as described above there is a minimum balance required to earn the bonus offer.
About Barclays
Barclays has been around for ages but the FDIC certificate was established in 2001. They are primarily an online bank but if you wanted to visit a location, you could go to Delaware but the address looks more like an office than a bank branch.
Barclays Bank’s ABA routing number is 031101321 and they do not accept wire transfers.
The savings account bonus is great but it’s worth noting that their certificates of deposits are quite competitive as well.
- 6 months: 4.50% APY
- 12 months: 3.75% APY
- 18 months: 3.25% APY
- 24 months: 3.00% APY
- 36 months: 3.00% APY
- 48 months: 3.00% APY
- 60 months: 3.25% APY
How Does This Compare?
It’s a pretty good offer that is made more appealing because it’s on an account that also offers 4.35% APY.
When you look at other bank bonuses that don’t require a direct deposit, they usually have tiers (so the top dollar amount can get quite high) but the amounts for $25,000 is similar. Sometimes they also require debit card use (which they earn income on, helping pay for the bonus), but there’s no similar requirement here.
Here are some other available offers:
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through December 31, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Checking – $300
BMO is offering a $300 bonus* when you open a BMO Checking account and have $4,000 in direct deposits within 90 days of opening. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $300 Bonus Offer
Bank of America offers a $300 Bonus Offer cash bonus if you open a new account and Set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
Like Barclays offer but very long commitment. Will probably do it .
Yeah, it is a bit long on the calendar but 120 days is about average for this style of offer. Wells Fargo requires 90 days but only starts counting after 30 days, so it’s similar.
Overall it is net positive. I keep most of my funds at a bank which has a very high interest rate (5.05% APY as of this date). With no requirements to do a direct deposit, it was a no brainer to shift some funds for a few months, especially since Barclays is offering a competitive interest rate!
Yeah the competitive interest rate does make this offer quite appealing. A lot of banks will offer a bonus but then not pay interest, which in this climate is a bad offer.
Yes. Thank you! So glad you reminded me of the Barclays offer. I have been able to enroll, after several glitches and phone calls. Customer Service was pleasant. One thing odd: Although the $25,000 can be withdrawn after 120 days, one must wait another 60 days to get the bonus! During the 60 days, some $$ (any amount) must be kept in the account to keep it open.
Good to know… fortunately no monthly maintenance fees! (also there’s a decent interest rate so it’s not like you’re getting totally hosed there)
Decent offer. Will more than likely do.
Yeah it’s a solid offer with a nice interest rate, let us know how it goes!