Synchrony Bank Cd Rates
Posted : admin On 4/16/2022Synchrony Bank is an award-winning online bank offering a variety of products including high yield savings accounts, certificates of deposit and money markets. Earn more by locking in your rate on an award-winning Synchrony Bank product. Certificate of Deposits (CD)% APY. 12 Months.
- CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000.
- Synchrony offers a wide range of CD terms. The minimum deposit for each CD is $2,000. Synchrony is best for savers who are comfortable banking only online. Synchrony Bank earned 4.2 out of 5 stars.
- 5/23/18 - Synchrony Bank Hikes Rates on CDs and IRA CDs 5/17/18 - 3% 3-Year Non-Callable Brokered Cds 5/1/18 - Synchrony Bank Ups Savings Account Rate and Debuts Top 14-month CD 5/1/18 - HYS Increased To 1.65% APY (Up.1 Basis Pts). CD Increases Also 4/10/18 - Synchrony Bank Ups CD Rates 3/27/18 - Synchrony Bank Increases Rates on Five CDs.
Synchrony Bank is an online bank that offers a variety of savings products, including certificates of deposit (CDs). Synchrony offers a wide range of CD terms. The minimum deposit for each CD is $2,000.
Synchrony is best for savers who are comfortable banking only online.
Synchrony Bank earned 4.2 out of 5 stars.
Synchrony CD rates
Here's a closer look at Synchrony's CD rates.
| Account name | Term | APY | Minimum deposit |
| CD | 3 months | 0.15% | $2,000 |
| CD | 6 months | 0.25% | $2,000 |
| CD | 9 months | 0.35% | $2,000 |
| CD | 12 months | 0.60% | $2,000 |
| CD | 13 months | 0.60% | $2,000 |
| CD | 14 months | 0.60% | $2,000 |
| CD | 15 months | 0.60% | $2,000 |
| CD | 18 months | 0.60% | $2,000 |
| CD | 24 months | 0.65% | $2,000 |
| CD | 36 months | 0.70% | $2,000 |
| CD | 48 months | 0.70% | $2,000 |
| CD | 60 months | 0.80% | $2,000 |
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Note: The APY (annual percentage yield) shown is as of Dec. 23, 2020. The APYs for some products may vary by region.
Best Cd Rates Synchrony Bank
How Synchrony rates compare to top-yielding banks
Synchrony has the advantage of offering a wide variety of terms, but the interest rate it pays for CDs is slightly lower compared to some other high-yield CDs offered by other banks. That means you can easily set up a CD ladder, but might not earn as much as you otherwise could.
If you're looking to maximize the interest you earn, consider a CD with another bank, such as Delta Community Credit Union or VyStar Credit Union. Which bank offers the highest yields on CDs depends on the term. Shop around.
Other savings options at Synchrony
Synchrony Cd Interest Rates
Synchrony also offers savings accounts and money market accounts.
The money market account offers a lower interest rate than the bank’s 12-month CD. Unless you value the flexibility that a money market accounts offer, the account isn't a great choice for savers seeking the highest rate.
Synchrony's savings account is a good option to earn a solid return without locking your money into a CD. The savings account currently offers higher rates than the bank’s money market account and even the bank’s 36-month CD. It also beats out the rates offered by many competitors, making it a good way to earn a solid return without locking your money into a CD.
You can access your money in your High Yield Savings and (non-IRA) Money Market accounts these ways:
Synchrony Bank Cd Rates 2018
- ATM: With the optional ATM card available with a High Yield Savings or Money Market account, you can get cash and perform basic transactions either in the U.S. or abroad, at any ATM displaying the Plus or Accel logos. Synchrony Bank currently doesn’t charge a fee to use an ATM, but there may be an ATM fee charged by the ATM owner/operator. Synchrony Bank will refund domestic ATM fees charged by other financial institutions, up to $5 per statement cycle. If you have Diamond status in our Perks Rewards program, you’ll receive unlimited ATM fee refunds each statement cycle. (Fees associated with using an ATM machine abroad, such as currency conversion and foreign transaction fees, are not refundable by Synchrony Bank.)
- Electronic transfer:You can transfer your money to and from accounts you hold at Synchrony and other banks. Just sign in to synchronybank.com. You can also use our automated phone system by calling 1-866-226-5638 anytime. We do not charge a fee to transfer funds to and from your High Yield Savings and Money Market accounts.
- Check: You can optionally request checks for your Money Market account.
- Wire transfer: Request a wire transfer from your High Yield Savings or Money Market account by calling 1-866-226-5638 from 7 a.m. to midnight ET Monday–Friday, or 8 a.m. to 5 p.m. ET Saturday–Sunday.