Barclays US Consumer Bank today announced the launch of a new Barclays Tiered Savings product aimed at helping consumers achieve their personal financial goals. The product features tiered pricing, enabling customers to earn higher rates with higher balances.

“We’re excited to introduce the Barclays Tiered Savings product that makes it simpler for people to earn higher rates on tiered deposit amounts and gives them the opportunity to achieve their personal financial targets,” said James Capolongo, Head of Banking at Barclays US Consumer Bank. “Our goal is to offer pricing flexibility that rewards higher balance customers who want the convenience of saving online with competitive interest rates.”

Consumers can utilize Barclays’ online platform to open an account, deposit funds or checks remotely, view account balances, and link to other financial institutions in the US.

“Barclays deposits program has been a significant contributor to the US Consumer Bank for over a decade. The Tiered Savings product will elevate our deposits business by unlocking additional value for our customers and bolstering our successful deposits portfolio,” added Capolongo.

Barclays’ online savings accounts are fully FDIC insured. For more information or to check market rates, visit https://www.banking.barclaysus.com/tiered-savings.html

About Barclays US Consumer Bank:

Barclays US Consumer Bank is a leading co-branded credit card issuer and financial services partner in the United States. It offers customized programs to drive customer loyalty and engagement across various sectors including travel, entertainment, retail, and affinity institutions. The bank provides co-branded credit cards, small business and private label credit cards, installment loans, online savings accounts, and CDs. More information is available at www.BarclaysUS.com.