GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Synchrony is the worlds largest provider of private-label credit cards in the U.S.
In addition to credit products,Synchrony Bankis an online-only bank boasting straightforward, FDIC-insured, high-yield savings products.
Read on to find out Synchrony Bank savings rates for itssavings account, money market account and CDs.
Synchrony charges no fees for ATM use, although the ATM provider may charge a fee.
you’re able to also use your ATM card for point-of-sale transactions.
you could also transfer funds into or out of a linked externalchecking accountfrom another online or traditional bank.
Synchronys Money Market account offers the ability to order checks, giving you another way to access your money.
Refer to the chart below for interest rates on allSynchrony Bank CDsfor July 2024.
Regular CD Accounts
A Synchrony Bankcertificate of depositoffers an APY as high as.
Rates and terms vary.
Youll find the best rate with a 13-month CD.
No-Penalty CDs
Looking for a safe place to stash your money with no penalties for early withdrawal?
Synchrony offers an 11-month CD with an APY ofand no early withdrawal penalties.
If youve already maxed out your 401K contributions for the year, experts recommend an IRA or Roth IRA.
IRA CDs
Synchrony offers traditional or Roth IRAs.
In a traditional IRA, your money grows tax-deferred.
Youll pay taxes upon withdrawal.
IRA Money Markets
Synchrony Bank also offers an IRA Money Market savings account.
You must be at least 18 years old to open an account.
Then, choose the account youd like.
Final Take
Synchrony Bank savings rates are industry-high.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of July 12, 2024. you’ve got the option to learn more about GOBankingRates processes and standards in oureditorial policy.
Share This Article:
