Barclays Bank CD Rates: May 2023

Barclays Bank’s Certificate of Deposit (CD) rates have recently been unveiled and they’re looking promising. The bank’s May 2023 CD rates currently stand at 0.50%, nearly twice the national average. This means that you can earn almost $30 more in interest for every $10,000 invested in a Barclays CD compared to the average savings account in the US. The minimum deposit is $1,000 and the term length is fixed at three years. This could be an excellent option for those who are looking to invest some cash for a few years without encountering too much risk. Additionally, Barclays Bank is FDIC insured, which means that your deposit is protected up to $250,000. This news may be especially appealing to individuals who are seeking to diversify their portfolio and earn some interest from a fixed-rate investment. While CD rates can vary based on a number of factors including fluctuating interest rates, Barclays Bank’s CD rate for May 2023 is certainly something to consider for those interested in a low-risk investment option.