Barclays US Consumer Bank has announced plans to introduce a new range of banking products specifically for AARP members in the United States. The initiative will begin in spring 2025 with the launch of high-yield savings accounts and certificates of deposit (CDs). In 2026, Barclays plans to offer personal loan products featuring competitive interest rates exclusively for AARP members.
The banking program aims to provide AARP members with an easy way to manage their finances online. This includes opening savings accounts, depositing funds remotely, viewing account balances, and linking to other financial institutions. Additionally, Barclays' personal loans will offer fixed low-interest rates for the duration of the loan, providing a convenient option for financing significant purchases.
James Capolongo, Head of Banking at Barclays US Consumer Bank, stated: “Over the past four years, Barclays has offered credit card products tailored to deliver benefits exclusively for AARP members. Through Barclays’ innovative savings and personal loan programs, we will provide AARP members unparalleled value, convenience and security to help them take charge of their financial futures.”
Since 2021, Barclays has been the exclusive issuer of AARP Credit Cards. These include the AARP Essential Rewards Mastercard and the AARP Travel Rewards Mastercard from Barclays. These cards allow users to earn cash back and travel rewards on everyday spending categories important to AARP members such as health and wellness, travel expenses including medical costs, drug store purchases, gas stations, restaurants, hotels, airfare among others.
Further details about these upcoming savings and loan programs will be shared with AARP members in due course. Information on current savings products offered by Barclays is available at Banking.Barclays.com.