Update 7/31/26: Extended to 10/31/26
Update 5/8/26: New AARP offer. $400 bonus, requires $40,000 deposit for 120 days. Account earns 4% APY. Non AARP offer is for $200 and requires $25,000 balance for 120 days.
Update 12/29/25: Extended to 03/31/2026.
Update 10/13/25: AARP offer available here.
Update 10/9/25: Deal is back until 12/31/25. AARP not required this time. Deposit has been increased to $30,000 from $25,000. Hat tip to reader LL
Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide
- Deposit required: $30,000
- Deposit length: 120 days from date of deposit
- APY: 4%
- Hard/soft pull: Unknown
- ChexSystems: No
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: 5/3/2024
The Offer
Direct links to offers: Barclays | Barclays AARP
- Barclays is offering a $400 bonus when you open a new savings account and complete the following requirements:
- Fund your account with at least $40,000 within the first 30 days of account opening
- Maintain the balance of at least $40,000 for 120 consecutive days
- Barclays AARP is offering a $200 bonus when you open a new savings account and complete the following requirements:
- Fund your account with at least $25,000 within the first 30 days of account opening
- Maintain the balance of at least $25,000 for 120 consecutive days
The Fine Print
- $200 Bonus Offer: To qualify for this bonus offer, you must be a new Barclays Savings customer (current and previous Barclays customers with a Savings account or CD are not eligible), open an account 3/4/2024 through 5/3/2024, fund your new 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 5/3/2024.
- 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 savings account.
- The funds deposited into your Barclays Savings account will earn the then current annual percentage yield listed on barclaysus.com/deposits for the Barclays 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 Savings account, as described above there is a minimum balance required to earn the bonus offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fee
Early Account Termination Fee
Unsure if there is any EATF.
Our Verdict
Bonus works out to be 2% APY if you hold for exactly 120 days, base rate on the account is 3.90% so total rate is 5.9%. Better than other basic savings rates but a bit of work as well. We will add this to our list of the best saving account bonuses.
Hat tip to reader Fred
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