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AARP by Barclays Summary
AARP by Barclays provides savers with a streamlined alternative to traditional bank savings accounts. With its competitive APY—approximately seven times the national average—and no fees or balance minimums, it presents a low-cost and high-return savings option. Unlike many physical banks, there are no branch or ATM limitations because the service is designed entirely for online banking. This setup offers significant interest gains and easy management without unnecessary overhead.
Users can link external accounts, set up automated savings, and manage finances on the go. The mobile and desktop platforms offer real-time balance updates, digital check deposits, account alerts, and direct deposit setups. These services empower savers to maintain control and visibility over their savings without traditional in-person banking needs.
While checking and investment services are not offered, the platform supports core functions such as ACH transfers, electronic statements, and mobile check deposit. However, it lacks ATM access, cash deposits, or bundled accounts such as IRAs or CDs within this specific AARP product line.
The AARP Select Savings offers a flat-rate APY significantly above the national average.
Feature | Details |
APY (as of July 2025) | 7x national average (~2.66%) |
Monthly Fees | $0 |
Minimum Deposit | $0 to open |
Bonus Offer | $200 for $25K deposit & hold |
AARP by Barclays provides dedicated support via phone and online resources. The account setup is digital and user-friendly, with clearly defined steps and fast processing. While service hours are not 24/7, they include weekday access and relay services for ADA support. The online interface is intuitive, includes FAQs, and allows full control over savings operations.
The Barclays US mobile app supports all critical functions, including mobile check deposits, interbank transfers, account monitoring, and transaction alerts. It receives favorable reviews for reliability and ease of use. Both iOS and Android versions are supported.
The account is FDIC insured up to $250,000 per depositor via Barclays Bank Delaware. Enhanced security measures include SSL encryption, optional two-factor authentication (2FA), and dedicated fraud monitoring services. User data is safeguarded by standard banking-grade protocols.
AARP by Barclays offers a straightforward, high-yield savings option tailored to AARP members. With no fees, a substantial APY, and a user-friendly digital platform, it’s ideal for savers looking to earn more without the complexity of traditional banking. However, it's best suited for those comfortable with a fully online experience and not needing ATM access.
This review was created using information from the Barclays US website, official AARP resources, user reviews, the Barclays mobile app, and third-party financial comparison platforms. It includes compliance-checked facts and features verified against current public terms.
Disclaimer: AI was used in the creation of this content, along with human validation and proofreading.
APYs are variable and subject to change.
1. Select Savings from Barclays Annual Percentage Yield (APY) is valid as of 06/18/2025. Fees could reduce earnings on the account. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but for interest to post to your account you must maintain a minimum balance that would earn you at least $0.01.
2. $200 Bonus Offer: To qualify for this offer, you must be a new Select Savings from Barclays customer, open an account through 9/30/2025, 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. 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. Offer expires 9/30/2025. Offer may be modified or withdrawn without notice.
3. The APY for the Select Savings from Barclays account for all balance tiers are currently 7X the national average of 0.38% APY, based on the national average of savings account rates published in the FDIC's National Rates and Rate Caps, accurate as of 7/21/2025.
You'll need your current AARP membership number to open a Select Savings from Barclays account.
AARP member benefits are provided by third parties, not by AARP or its affiliates. Barclays Bank Delaware (Barclays) pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Some Barclays offers are subject to change and may have restrictions. Please contact Barclays directly for details.
AARP Digital Banking from Barclays is provided by Barclays Bank Delaware, Member FDIC. AARP is not an FDIC insured institution.
