Synovus Bank


1111 Bay Avenue
Columbus, GA 31901
See all branch locations →

Phone 1-888-796-6887

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Synovus Bank is an FDIC insured institution located in Columbus, GA. It was founded in 1888 and has approximately $55.1 billion in assets. Customers can open an account at one of its 267 branches.

FDIC Insured Yes
FDIC Certificate # 873
Date Established 1888
Assets $ 55.10 billion
Loans $ 39.24 billion
Deposits $ 47.85 billion
Capital $ 5.20 billion

For a more detailed analysis of Synovus Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

Checking Rates APY MIN FEE
Inspire Checking 0.00% $100,000 $50.00 Learn MoreShow Less

Loan Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Synovus Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

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2.814% 2.750%
0.88 points
$2,082 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
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Note to Synovus Bank
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Financial Details

Synovus Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Synovus Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Synovus Bank U.S. Bank Average
3.19% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Synovus Bank had $182,564,000 in non-current loans and $1,362,000 in owned real estate. To cover these potential losses it had $5,198,289,000 in equity and $563,214,000 in loans loss reserves. That gives it a Texas Ratio of 3.19%.

Return on Equity
Synovus Bank U.S. Bank Average
14.83% 11.43%

Synovus Bank has a Return on Equity of 14.83% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Synovus Bank U.S. Bank Average
9.43% 11.51%

Synovus Bank has a Capitalization of 9.43% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Synovus Bank Balance Sheet Analysis

As of March 31, 2021, Synovus Bank had assets of $55,099,459,000, loans of $39,235,774,000, and deposits of $47,849,339,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 3.23 billion
Interest-bearing balances $ 2.74 billion
Total securities $ 8.84 billion
Federal funds sold and reverse repurchase $ 78.72 million
Net loans and leases $ 39.24 billion
Loan loss allowance $ 563.21 million
Trading account assets $ 211.79 million
Bank premises and fixed assets N.A.
Other real estate owned $ 1.36 million
Goodwill and other intangibles $ 498.39 million
All other assets $ 2.14 billion
     Total Assets $ 49.90 billion
Total deposits $ 47.85 billion
      Interest-bearing deposits $ 33.12 billion
      Deposits held in domestic offices $ 47.85 billion
      % insured (estimated) 50.49%
Federal funds purchased and repurchase agreements $ 293.66 million
Trading liabilities $ 130.74 million
Other borrowed funds $ 500.35 million
Subordinated debt $ 197.42 million
All other liabilities $ 929.66 million
      Total Liabilities $ 49.90 billion
      Shareholders’ Equity $ 5.20 billion

Summary Income Statement

March 31, 2021
Total Interest Income $ 409.79 million
Total Interest Expense $ 29.84 million
Net interest income $ 379.95 million
Provision for loan and lease losses N.A.
Total non interest income $ 91.23 million
Total non interest expense $ 248.36 million
Pre-tax Net Operating Income $ 241.39 million

Bank Loan Profile?

The top three loan types in Synovus Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Synovus Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.84
Credit Card Loans 0.46
Consumer Auto Loans 1.24
Small Business Loans 4.35
Construction and Development Loans 7.30
Commercial Real Estate 34.14
Commercial and Industrial Loans 25.37
Farm Loans 0.09

Frequently Asked Questions About Synovus Bank

Branches and Savings

Is Synovus Bank FDIC insured?

Yes. It is covered under FDIC Certificate #873.

Why does Synovus Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Synovus Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Synovus Bank a commercial bank?


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Does Synovus Bank require US citizenship to open account?

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Does Synovus Bank offer mortgages?

Compare mortgage rates here.

Does Synovus Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Synovus Bank offer personal loans?

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Does Synovus Bank offer student loans?

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Background on The Bank

Who owns Synovus Bank?

How long has Synovus Bank been around?

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Customer Reviews for Synovus Bank

  • June 11, 2015

    Synovus no longer offers this rate as of 5/8/2015---I called and asked

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