Navigating your financial future doesn’t have to feel overwhelming. AARP has carefully selected trusted financial partners to help you make the most of your money, offering competitive rates and member-exclusive benefits that can make a meaningful difference in your financial strategy.

AARP’s Banking Partnership with Barclays

AARP’s comprehensive banking partnership launched in 2025 with Barclays US Consumer Bank, bringing members access to competitive digital banking products designed specifically for the 50-plus community.

Starting in spring 2025, AARP members gained access to AARP Digital Banking from Barclays with high-yield savings accounts and certificates of deposit. In 2026, Barclays will expand this program with personal loan products featuring competitive interest rates exclusively for AARP members.

Barclays Banking Benefits

• High-yield savings accounts with competitive APRs and no monthly fees

• No-penalty CDs with flexible terms

• FDIC insurance protection through a trusted financial institution

• 24/7 online account access and customer support

• Seamless account opening and easy fund transfers

• Future personal loan products with member-exclusive fixed rates

Marcus by Goldman Sachs Banking Benefits

AARP’s established partnership with Marcus by Goldman Sachs provides enhanced earning potential on savings accounts and special loan pricing for members.

Marcus Member Benefits

• Rate bonus of 0.10% above standard APY for 24 months on high-yield savings

• No monthly maintenance fees or minimum balance requirements

• Special pricing on no-fee personal loans from $3,500 to $40,000

• Fixed rates with no prepayment penalties on loans

• FDIC insurance through Goldman Sachs Bank USA

• Easy online account management and transfers

AARP Credit Cards from Barclays

Since 2021, Barclays has served as the exclusive issuer of AARP-branded credit cards, offering two options tailored to different spending patterns.

AARP Essential Rewards Mastercard

The AARP Essential Rewards Mastercard from Barclays focuses on everyday spending categories that matter most to seniors.

Earning Structure:

• 3% cash back on gas stations and drug stores (excluding Target and Walmart)

• 2% cash back on eligible medical expenses
• 1% cash back on all other purchases

AARP Travel Rewards Mastercard

The AARP Travel Rewards Mastercard from Barclays caters to members who prioritize travel spending.

Earning Structure:

• 3% cash back on airfare, hotel stays, and car rentals

• 2% cash back at restaurants

• 1% back on all other spending

Credit Card Benefits (Both Cards)

• No annual fees

• $100 welcome bonus after $500 in purchases within 90 days

• 0% introductory APR on balance transfers for 15 months

• No foreign transaction fees

• Charitable component: Barclays donates $10 per new card approval plus 1% of eligible electronic and telecommunications purchases to AARP Foundation

Life Insurance Partnership with New York Life

AARP’s exclusive life insurance partnership with New York Life provides members with coverage options designed specifically for the 50-plus demographic.

Term Life Insurance: Coverage from $10,000 to $150,000 for members ages 50-74 and spouses ages 45-74. Coverage lasts until age 80 with premiums increasing every five years.

Whole Life Insurance: Up to $100,000 in permanent coverage for members ages 50-80 and spouses ages 45-80. Level rates throughout life with no medical exam required.

Guaranteed Acceptance Life: Up to $30,000 with guaranteed acceptance, no health questions, and member rates up to 21% lower than standard rates.

Making the Most of Your Benefits

These financial partnerships represent carefully vetted relationships designed to provide genuine value. Each partner pays royalty fees to AARP, supporting the organization’s mission and advocacy work.

To access these benefits, you’ll need your AARP membership number when applying. AARP membership costs just $15 for your first year with automatic renewal and includes a free second membership for your spouse or partner.

While these partnerships offer valuable benefits, compare multiple options and consider your individual financial goals. The combination of competitive rates, member benefits, and established financial institution backing often provides compelling value while simplifying your financial management.