At a glance

4.3

Bankrate Score

CDs

Savings

MMA

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

Synchrony Bank is ideal for savers who are comfortable banking entirely online. Synchrony offers competitive rates on its savings products, and there’s no minimum balance requirement. However, the bank doesn’t offer a checking account.

Highlights

High APY
No Monthly Fees
Highly Rated App

Overall

Synchrony Bank is an online bank that issues credit cards and offers several products that pay some of the best rates. But if you’re looking for a checking account at an online bank, you’ll want to consider other options such as Ally Bank or Capital One.

Pros

Synchrony consistently offers competitive rates on deposit products.
Synchrony doesn’t require minimum balances for its savings accounts, money market accounts and CDs.
Up to $5 in domestic ATM rebates are available per statement cycle.

Cons

Synchrony has no branches.
Checking accounts aren’t offered.
Synchrony Bank’s money market account doesn’t earn as high of a yield as its savings account.

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Synchrony Bank banking products

5.0

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

4.75%

5/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$0.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Great

5/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

FEATURES

4.75% APY

APY last updated between 5/6 and 5/12.

$1 minimum deposit to open

Synchrony Bank savings overview

The Synchrony Bank High Yield Savings account earns a competitive yield and doesn’t charge a monthly maintenance fee. It also doesn’t require a minimum opening deposit and doesn’t have a minimum balance requirement. The account offers an ATM card and reimburses up to $5 for out-of-network ATM fees in the U.S. per month.

Pros

The account offers a competitive yield.
There are no monthly service fees.
The account comes with an ATM card and offers rebates.

Cons

All tiers have the same APY, so customers are not rewarded for depositing more money.
Some banks offer a higher APY on their savings accounts.

Rate history for Synchrony Bank's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Synchrony Bank

APY

APY last updated between 5/6 and 5/12.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Synchrony Bank

APY

APY last updated between 5/6 and 5/12.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

Synchrony Bank CD overview

Synchrony Bank offers a wide array of CD types and terms, making this bank’s selection of CDs one of the best we’ve seen. Synchrony’s traditional CD has terms ranging from three months to five years, and all of those terms offer competitive APYs. Traditional and Roth IRA CDs are also available, which isn’t the case at all banks. Moreover, Synchrony also offers a bump-up and no-penalty CD option. All of these CDs pay competitive rates.

Pros

Synchrony Bank pays competitive rates.
There is no minimum deposit or balance required.
The bank offers a variety of terms, including IRA CDs.
The rate bump CD can help savers who think rates may rise further in the future to maximize their earnings.
A no-penalty CD is available.

Cons

Synchrony Bank offers no-penalty and bump-up CDs, but there’s only one term to choose for each type.

Rate history for Synchrony Bank's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Synchrony Bank

APY

APY last updated between 5/6 and 5/12.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Synchrony Bank

APY

APY last updated between 5/6 and 5/12.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

Synchrony Bank money market overview

Synchrony offers a money market account with no minimum balance requirement. The yield is higher than what brick-and-mortar banks typically pay but lower than what some online banks offer. An ATM card and/or checks can be requested when opening the account.

Customers can get up to $5 in domestic ATM surcharges reimbursed monthly when using an ATM at other financial institutions.

Synchrony may close the account if it has a zero balance for more than 60 days.

Synchrony Bank also offers an IRA Money Market account.

Pros

An ATM card is available for customers with money market accounts.
The account has check-writing privileges.
The account’s rate is competitive.
There is no minimum balance requirement.

Cons

The APY is lower than what some online banks offer.
All tiers earn the same APY, so customers are not rewarded for putting more money in their Synchrony Bank Money Market account.
Some banks offer higher monthly ATM reimbursements with their money market accounts.

Compare more: Bankrate's best high-yield savings account offers

Bank fees

Fee	Charged?
Overdraft fee	None
Non-sufficient funds fee	None
Monthly maintenance fee	None
Out-of-network ATM fee	None
Excessive transaction fee	None
Outgoing wire transfer	$25

Find out: Tips to avoid common bank fees

Customer experience

Customer support

Support hours. As an online-only bank, Synchrony Bank has no branches. Customers who need assistance can contact a representative via the mobile banking app, online chat service or phone.

Low customer satisfaction. Synchrony Bank received the second lowest score in overall satisfaction among online-only banks for its savings accounts, according to J.D. Power’s 2023 Direct Banking Satisfaction Study.

Digital experience

Highly rated mobile app. Synchrony’s mobile app is highly rated on the Apple App Store, but receives middling scores on the Google Play Store. Collectively, more than 60,000 users have reviewed the app. “The desktop website is one of the cleanest, most intuitive platforms I’ve seen in awhile,” said a Bankrate staff member who uses Synchrony personally. “Each option provides plenty of instructions, FAQs and interactive options to toggle through ranging from how to deposit money to more specific prompts like a CD maturing and assessing how much I wanted to transfer, remove or keep the same.”

That noted, Synchrony doesn’t show you how much interest you’ve earned across accounts. Thus, you’ll need to check year-to-date interest paid on each account and tally it up to see how much you’ve earned across accounts.

Bankrate staff insights

“My experience with Synchrony Bank has been nothing short of exceptional,” said a Bankrate staff member with a Synchrony account. “Most of the digital products I use in my day-to-day are ones I’ve vetted, tested its competitors and landed on a product that checks boxes that competitors didn’t.”

Features

Screen view

Desktop Mobile

The above images were last updated on Feb. 19, 2024.

About Synchrony Bank

Synchrony Bank is based in Stamford, Connecticut. Until 2014, Synchrony Bank was known as GE Capital Retail Bank, an extension of General Electric.

Synchrony offers certificates of deposit as well as savings and money market accounts but no checking accounts. A number of credit cards, including those offered by Amazon, Lowe's and Walgreens, are issued by Synchrony Bank. Synchrony is the biggest issuer of private label credit cards in the U.S., according to Synchrony's website.

Learn more: Synchrony CD rates

How Synchrony compares to other banks

Compare different account types offered by Synchrony Bank. Annual percentage yields (APYs) shown were updated between May 6, 2024 and May 12, 2024.

Selected bank Synchrony Bank savings account Member FDIC Bankrate score Rating: 5 stars out of 5 5.0 Bankrate Savings rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable SoFi savings account Member FDIC Bankrate score Rating: 5 stars out of 5 5.0 Bankrate Savings rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 6, 2024 and May 12, 2024.
4.75%	4.60%
Minimum balance for APY
$0.00	$0.00
Estimated earnings Interest earned calculation based on a $25,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,188	$1,150

You’ll earn a competitive yield and can access your money at an ATM with the Synchrony Bank High Yield Savings Account. You’ll also have $5 worth of domestic ATM fees reimbursed per month and you won’t be charged a monthly service fee.	SoFi Bank has a competitive annual percentage yield on its savings account. You’ll need to open both a checking and savings account at SoFi. And setting up a direct deposit is required to earn the bank’s top APY.

You can get up to $5 worth of ATM fees reimbursed with this account. You’ll earn a competitive yield with Synchrony’s savings account. There are no monthly service fees.	SoFi offers a competitive annual percentage yield on its savings account. SoFi Bank’s savings account doesn’t have a monthly service fee.	N/A
Some banks pay a higher yield on their savings accounts. All tiers have the same APY, so customers are not rewarded for depositing more money	You can’t only open a savings account at SoFi – you need to open both a checking and savings account.	N/A

APY offering: 4.75% 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Great 5/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY offering: 4.60% 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Great 5/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. A procedure that allows an individual or organization to access and manage the funds of another account holder. Bankrate does not currently track additional product details for this bank.

Selected bank Synchrony Bank CD Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate CD rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable Marcus by Goldman Sachs CD Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate CD rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 6, 2024 and May 12, 2024.
5.00%	5.00%
Minimum deposit
$0.00	$500.00
Term
14 mos	9 mos

Synchrony Bank offers nearly any term of CD you’ll need. You can choose between traditional CDs, a no-penalty CD and a bump-up CD. There’s no minimum deposit required, so nearly anyone can start saving with a Synchrony Bank CD.	Marcus by Goldman Sachs offers nearly every term and type of CD that most savers would want along with competitive rates. Marcus also offers a 10-day rate guarantee if the rate changes after opening the CD.

Synchrony Bank CDs offer a competitive yield. You can choose between 14 terms of CDs – ranging from three months to five years. The bank also offers a no-penalty CD and a bump rate CD. Synchrony Bank also offers IRA CDs.	Marcus by Goldman Sachs consistently offers competitive yields. Marcus offers a variety of CD terms, so you can easily build a CD ladder at this bank. An account can be opened with as little as $500. Offers three terms of no-penalty CDs.	N/A
Some banks have higher APYs. Other banks may offer CD renewal bonuses.	Some banks have lower minimum deposit requirements. Partial withdrawals are not allowed from the no-penalty CDs	N/A

APY offering: 5.00% - 14 mos 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $0.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 3 mos - 5 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: Yes 5/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY offering: 5.00% - 9 mos 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $500.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 6 mos - 6 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: Yes 5/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. The minimum deposit amount a financial institution requires in order to open a CD. A designated amount of time that funds must be held within a CD. A penalty incurred when funds have been withdrawn from a CD before its maturity date. A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. Bankrate does not currently track additional product details for this bank.

Selected bank Synchrony Bank money market account Member FDIC Bankrate score Rating: 4 stars out of 5 4.0 Bankrate Money Market rating = 4.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable Ally Bank money market account Member FDIC Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate Money Market rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate Money Market rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 6, 2024 and May 12, 2024.
2.25%	4.20%
Minimum balance for APY
$1.00	$0.00
Estimated earnings Interest earned calculation based on a $25,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$563	$1,050

You’ll earn a competitive yield and can access your money at an ATM with the Synchrony Bank High Yield Savings Account. You’ll also have $5 worth of domestic ATM fees reimbursed per month and you won’t be charged a monthly service fee.	Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM.

You can get up to $5 worth of ATM fees reimbursed with this account. You’ll earn a competitive yield with Synchrony’s savings account. There are no monthly service fees.	Ally Bank offers a competitive yield on its Online Savings Account. Ally Bank has savings tools, such as Surprise Savings where Ally Bank looks at your linked checking account for savings opportunities.	N/A
Some banks pay a higher yield on their savings accounts. All tiers have the same APY, so customers are not rewarded for depositing more money	Ally Bank doesn’t offer ATM access directly from its savings account. Some other online banks offer a higher yield than Ally Bank.	N/A

APY offering: 2.25% 3/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $1.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Check writing: Yes 5/5 The ability to write a certain amount of checks within a statement cycle. Debit/ATM access: Good 4/5 The ability to withdraw funds from an account through the use of debit or ATM card	APY offering: 4.20% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Check writing: Yes 5/5 The ability to write a certain amount of checks within a statement cycle. Debit/ATM access: Good 4/5 The ability to withdraw funds from an account through the use of debit or ATM card	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. The ability to write a certain amount of checks within a statement cycle. The ability to withdraw funds from an account through the use of debit or ATM card Bankrate does not currently track additional product details for this bank.

Synchrony vs. Ally Bank

As online-only banks, Ally and Synchrony share many similarities. Neither bank has minimum opening requirements, minimum balance requirements or monthly maintenance fees for their accounts. Moreover, both banks offer highly competitive APYs for their savings products, which is a hallmark of the best online banks.

Although Ally generally has a larger pool of financial products, including checking, retirement and investment accounts, both banks offer competitive yields on par with each other for their CDs and savings accounts. Moreover, Synchrony has a wider array of CD terms to choose from.

Learn more: The best banks of 2024

Synchrony Bank FAQs

Synchrony Bank is best for customers who are comfortable with banking at an online-only institution. It’s best for savers looking to park their money in a savings account or a certificate of deposit, as Synchrony offers high yields without the pesky fees.
Yes. Though Synchrony Bank has had a couple of name changes, the institution has been around since 1988. Synchrony is a member of the Federal Deposit Insurance Corp. (FDIC), which insures up to $250,000 per account type, per depositor.
Synchrony Bank is a subsidiary of Synchrony Financial, based in Stamford, Connecticut. Synchrony Financial used to be the U.S. consumer finance business of General Electric Capital, but GE separated from Synchrony Financial in 2015.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Synchrony Bank APY APY last updated between 5/6 and 5/12. APY last updated between 5/6 and 5/12	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/07/2024	4.75%	0.58%
04/30/2024	4.75%	0.58%
04/23/2024	4.75%	0.58%
04/16/2024	4.75%	0.58%
04/09/2024	4.75%	0.58%
04/02/2024	4.75%	0.58%
03/26/2024	4.75%	0.57%
03/19/2024	4.75%	0.57%
03/12/2024	4.75%	0.57%
03/05/2024	4.75%	0.57%
02/27/2024	4.75%	0.58%
02/20/2024	4.75%	0.58%
02/13/2024	4.75%	0.58%
02/06/2024	4.75%	0.58%
01/30/2024	4.75%	0.58%
01/23/2024	4.75%	0.58%
01/16/2024	4.75%	0.58%
01/09/2024	4.75%	0.58%
01/02/2024	4.75%	0.58%
12/26/2023	4.75%	0.57%
12/12/2023	4.75%	0.57%
12/05/2023	4.75%	0.57%
11/28/2023	4.75%	0.60%
11/21/2023	4.75%	0.60%
11/14/2023	4.75%	0.60%
11/07/2023	4.75%	0.60%
10/31/2023	4.75%	0.58%
10/24/2023	4.75%	0.58%
10/17/2023	4.75%	0.58%
10/10/2023	4.75%	0.58%
10/03/2023	4.75%	0.58%
09/26/2023	4.75%	0.57%
09/25/2023	4.75%	0.57%
09/19/2023	4.75%	0.57%
09/12/2023	4.75%	0.57%
09/05/2023	4.50%	0.57%
08/29/2023	4.50%	0.54%
08/22/2023	4.50%	0.54%
08/15/2023	4.50%	0.54%
08/08/2023	4.50%	0.54%
08/01/2023	4.50%	0.54%
07/25/2023	4.50%	0.54%
07/18/2023	4.50%	0.54%
07/11/2023	4.50%	0.54%
07/04/2023	4.30%	0.54%
06/27/2023	4.30%	0.49%
06/20/2023	4.30%	0.49%
06/13/2023	4.30%	0.49%
06/07/2023	4.30%	0.49%
06/06/2023	4.14%	0.49%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Synchrony Bank APY APY last updated between 5/6 and 5/12. APY last updated between 5/6 and 5/12	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/07/2024	4.00%	1.42%
04/30/2024	4.00%	1.42%
04/25/2024	4.00%	1.42%
04/23/2024	4.00%	1.42%
04/16/2024	4.00%	1.42%
04/09/2024	4.00%	1.42%
04/02/2024	4.00%	1.42%
03/26/2024	4.00%	1.43%
03/25/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/22/2024	4.00%	1.43%
01/16/2024	4.00%	1.43%
01/09/2024	4.00%	1.43%
01/02/2024	4.00%	1.43%
12/26/2023	4.00%	1.43%
12/19/2023	4.00%	1.43%
12/12/2023	4.00%	1.43%
12/05/2023	4.00%	1.43%
11/28/2023	4.00%	1.45%
11/27/2023	4.00%	1.45%
11/21/2023	4.00%	1.45%
11/14/2023	4.00%	1.45%
11/07/2023	4.00%	1.45%
10/31/2023	4.00%	1.46%
10/26/2023	4.00%	1.46%
10/24/2023	4.00%	1.46%
10/17/2023	4.00%	1.46%
10/16/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/29/2023	4.00%	1.33%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/16/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%

Synchrony Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Synchrony Bank

Synchrony Bank banking products

Synchrony Bank savings overview

Pros

Cons

Rate history for Synchrony Bank's Savings account

Synchrony Bank CD overview

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Cons

Rate history for Synchrony Bank's CD accounts

Synchrony Bank money market overview

Pros

Cons

Bank fees

Customer experience

Customer support

Digital experience

Bankrate staff insights

About Synchrony Bank

How Synchrony compares to other banks

Synchrony vs. Ally Bank

Synchrony Bank FAQs

Who is Synchrony best for?

Is Synchrony safe?

Who owns Synchrony Bank?

Review methodology

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