Earn a $200 bonus with Barclays Bank Online Savings Account when you open a new account and maintain a $25,000 balance for 120 days. Terms Apply. Explore the benefits and eligibility criteria for this limited-time offer.
Barclays Bank, a leading name in global finance, introduces an enticing offer for new savers: a $200 bonus for those who open a new Savings account. This special promotion is designed for individuals looking to elevate their savings strategy with a substantial initial deposit.
Barclays Bank Online Savings Account also earns a competitive APY. More details here:
Below, we explore the steps to qualify for the $200 bonus offer, ensuring you can navigate the process with ease and confidence.
Barclays Savings Account $200 Bonus Offer
- What you’ll get: $200, terms apply.
- Where it’s available: Nationwide
- How to earn it:
- Open a new Barclays Savings account between March 4, 2024, and May 3, 2024.
- Deposit $25,000 or more into your new account within the first 30 days of account opening.
- Maintain a minimum balance of $25,000 for 120 consecutive days following the initial deposit.
- Successfully meeting the above criteria qualifies you for a $200 bonus, which will be credited to your account approximately 60 days after maintaining the required balance for 120 days.
- When it expires: 5/3/2024
Disclosure
- To qualify for this $200 Bonus, you must be a new Barclays Savings customer, open an account March 4, 2024 – May 3, 2024, fund the account with at least $25,000 within the first 30 days of opening, and maintain the $25,000 balance for 120 consecutive days.
- After meeting these qualifications, the $200 bonus will be added to your account in approx. 60 days.
- Offer expires May 3, 2024.
- You may make multiple deposits from another financial institution to fund this account so long as at least $25,000 is deposited no later than 30 days from open date.
- Withdrawals which drop the balance below $25,000 could affect your bonus eligibility.
- The bonus will be treated as interest and Barclays could send you a Form 1099-INT for tax reporting.
- While there is no minimum deposit to open a Barclays Savings account, this bonus offer requires a $25,000 minimum deposit. Offer subject to change or cancellation without notice.
Waive The Monthly Fee
The Barclays Savings account has no monthly maintenance fees.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Why Choose Barclays for Your Savings?
When it comes to selecting a home for your savings, Barclays is a standout choice. Here’s a closer look at why Barclays should be your go-to for savings, particularly with their bonus offer mentioned above for new customers.
Consistently High APY
Barclays is committed to offering some of the highest Annual Percentage Yields (APY) in the nation. This competitive rate ensures that your savings not only remain secure but also grow at an impressive pace. The power of compound interest means that over time, your savings will accumulate more interest, thereby increasing your financial cushion without any additional effort on your part.
Find the current rate here:
Secure, Round-the-Clock Online Access
In today’s digital age, having secure and convenient access to your finances is non-negotiable. Barclays provides 24/7 online access to your funds, allowing you to manage your savings anytime, anywhere. This level of accessibility ensures that you can keep a close eye on your savings, track your financial progress, and make necessary adjustments to your savings strategy as you see fit.
Effortless Online Transfers
Barclays simplifies the process of transferring funds to and from other banks. This feature is particularly beneficial for those who manage multiple accounts across different financial institutions. Whether you’re looking to consolidate your savings or distribute your funds across accounts to meet various financial goals, Barclays’ seamless online transfer capabilities make it easy.
Direct Deposit for Simplified Saving
Setting up a direct deposit into your Barclays savings account can significantly streamline your saving process. By automating the transfer of a portion of your paycheck directly into your savings, you’re less likely to spend this money impulsively. Over time, even small, consistent deposits can add up, bolstering your savings without requiring constant manual transfers.
No Monthly Maintenance Fees or Minimum Balance Requirements
Barclays does not impose monthly maintenance fees or require a minimum balance to open an account.
Innovative Tools to Enhance Your Saving Experience
Beyond the basic features, Barclays offers a suite of tools designed to help you save more effectively. These tools can assist you in setting savings goals, tracking your progress, and adjusting your strategies to meet your financial objectives sooner.
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Our Take On the Bank Offer
Barclays’ $200 bonus offer presents a valuable opportunity for new customers to kickstart their savings journey on a high note. By adhering to the deposit and maintenance requirements, you can not only secure a generous bonus but also enjoy the benefits of Barclays’ competitive interest rates and robust online banking services. Start your savings transformation today!
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.