| Deposits FDIC Insured | Yes |
| Insured Bank | Synchrony Bank |
| FDIC Certificate # | 27314 |
| Date Established | 1988 |
| Assets | $85.81 billion |
| Loans | $64.47 billion |
| Deposits | $67.1 billion |
| Capital | $9.42 billion |
For a more detailed analysis of Synchrony Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High Yield Savings
|
0.60% | $1 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Month CD
|
0.60% | $2,000 | - |
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|
| 18 Month CD
|
0.60% | $2,000 | - |
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|
| 2 Year CD
|
0.65% | $2,000 | - |
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|
| 36 Month CD
|
0.70% | $2,000 | - |
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|
| 48 Month CD
|
0.70% | $2,000 | - |
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|
| 60 Month CD
|
0.80% | $2,000 | - |
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|
Synchrony Bank has raised their online savings rate to 1.75%.
Synchrony has raised its online savings rate to 2.20%.
Synchrony has lowered their online savings rate by 10 basis points from 2.25% to 2.15% APY. They have also lowered all of the CD rates today.
Synchrony Bank has lowered its CD rates again this morning. Their 1-year rate is now 2.45% from 2.50% and their 5-year CD is now 2.65% from 2.80%. Other maturities were also adjusted downward.
Synchrony has cut its online savings rate to 2.00% APY. Once very competitive in the online savings and CD market, Synchrony's savings and CD offerings are no longer competitive.
Synchrony also cut its CD rates. 1-year is now 1.50% APY and 5-year is now 1.65% APY.
Synchrony has dropped their 1-year CD rate from 0.90% to 0.75% APY. A 5-year CD is now 1% APY. There are no circumstances where someone should be locking into a 5-year CD at 1%.
Synchrony cut its online savings rate from 1.05% to 0.75% APY today.
Synchrony has lowered its online savings rates from 0.75% APY to 0.65% APY overnight.
Synchrony has lowered its online savings rates by 5 bps to 0.60% APY.
It has also adjsuted most of its CD rates lower.
Customer Reviews for Synchrony Bank (71)
Del
October 03, 2020 |
I cannot overstate how incompetent Synchrony is. Even though I called multiple times before my CD was coming due to indicate that I didn't want it to autorenew, they autorenewed it. This could only have been changed by phone. It cannot be done online or by email. I was assured multiple times that it had been done, and now I am stuck with $250000 in a one year CD at 0.50%. This is a crime and an outrage.
Is this review helpful? Yes:0 / No: 0
Efraim Esay
September 23, 2020 |
This bank is solid and it is consistent. It may not have all of the bells and whistles and the apps and everything but the rate is always competitive.
Is this review helpful? Yes:0 / No: 0
ABZIE
September 17, 2020 |
Very disappointed that I needed to call and deal with a CSR for 40 minutes in order to stop a CD from autorenewing. Every other major online bank enables this selection online and who on earth has 40 minutes to waste with this nonsense? Terrible customer service.
Is this review helpful? Yes:0 / No: 0
Jeremy
August 25, 2020 |
Without getting into what Synchrony may or may not have been in the past, let me just say that TODAY SYNCHRONY IS A WHOLESALE FRAUD ON THE CUSTOMER!
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Regrets
August 23, 2020
I regret ever hearing of this bank. Lengthy transfer times (5 days or more) terrible service all for 0.75%? I am done.
Is this review helpful? Yes:0 / No: 0
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