Barclays US Consumer Bank today announced the launch of a new Barclays Tiered Savings product to help consumers advance their personal financial goals. This new product features tiered pricing and the ability to earn higher rates with higher balances, while savings continue to grow.

“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 use Barclays’ intuitive online experience that provides an easy way 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.