Synchrony Bank Cd Rates
Synchrony offers a wide range of CD terms. The minimum deposit for each CD is $2,000. © adriaticfoto/Shutterstock An older couple researches online. Synchrony is best for savers who are comfortable. The current interest rate displayed is for a deposit $100,000+ for a 12 month period Note that Synchrony Bank deposit accounts have moved over from MetLife Bank. The rate of 2.50% is 1.3% higher than the average 1.2%. Also it is 0.1% lower than the highest rate 2.60 Updated Aug, 2019.
You can access your money in your High Yield Savings and (non-IRA) Money Market accounts these ways:
- 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.
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.
How Synchrony rates compare to top-yielding banks
Synchrony High Yield Savings Bank
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.
Synchrony Bank Cd Rates June 2020
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 also offers savings accounts and money market accounts.
Synchrony Bank Cd Rates 12 Months
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 Bank Cd Rates Nj
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.