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.
💵 U.S. Bank – up to $800
- Earn up to up to $800 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through March 12, 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.
Table of Contents
Barclays 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 or more within 30 days and maintain at least $25,000 for the next 120 days
- Collect $200!
- When does it expire: 5/3/2024
Barclays is offering a $200 bonus for new customers. (sorry, existing savings and CD account holders are not eligible)
To get the bonus, you need to open a new Savings account, deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. After you’ve maintained it for 120 days, the bonus will be deposited directly into your account in approximately 60 days.
This offer is appealing because you get the bonus on top of a competitive interest rate of 4.35% APY. Many other offers of this type are on accounts that don’t pay any interest.
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 $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.
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:
Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.
BMO Relationship Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $200 Bonus Offer
Bank of America offers a $200 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 account within 90 days of account opening. 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!
HSBC Premier Checking – up to $4,000
HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
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About Jim Wang
Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.
Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.
One of his favorite tools (here’s my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.
He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn’t want a second job, it’s diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.
Recently, he’s invested in a few pieces of art on Masterworks too.
Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.
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