Barclays Bank Delaware has a account (currently at 4.00% APY on all balance tiers) as part of their “AARP® Digital Banking” package which also offers (with currently subpar rates) that is only available to AARP members with an active membership number.
(AARP membership regular price is when you sign up for automatic renewal, with no age requirement. You can turn off the renewal later. Cashback portal is also offering $15 cash back on the first year if you sign-up and click through them.)
Right now there is a for new members that deposit $40,000+ in new funds. You must fund within 30 days of opening, and maintain the balance of at least $40,000 for another 120 consecutive days after funding. Bonus arrives after another 60 days. You must be a new Select Savings from Barclays customer. Note that they have other flavors of savings accounts, so be sure to apply for the right one. Direct deposit is not required. Offer expires 7/31/26. Thanks to reader Bill from Wisconsin for the tip.
Bonus math. This is a 1% bonus on $40,000 if you keep it there for 120 days, which makes it the equivalent of 3% APY annualized. Bonus will be paid around Day 180 and the account must be open at that time, but you only need to maintain full balance through Day 120 after funding. The bonus is on top of the standard interest rate, currently 4.00% APY.
The equivalent of roughly 7.00% total APY over 120 days makes it a decent offer for those with compatible balances looking for short-term place to hold their cash for a few months. Might be worth signing up for an AARP membership.
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