Synchrony Bank

2019 Overview

General Online Bank Information

Deposits FDIC Insured Yes
Insured Bank Synchrony Bank
FDIC Certificate # 27314
Date Established 1988
Assets $92.29 billion
Loans $71.85 billion
Deposits $67.93 billion
Capital $12.3 billion
Money that you deposit is held by Synchrony Bank. Synchrony Bank is an FDIC insured institution founded in 1988. It has approximately $92.29 billion in assets.

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.

Deposit Rates - August 22, 2019

Online Savings and Money Market Rates APY MIN MAX
Online CD Rates APY MIN MAX
12 Month CD
2.45% $2,000 - Learn MoreShow Less
18 Month CD
2.50% $2,000 - Learn MoreShow Less
2 Year CD
2.50% $2,000 - Learn MoreShow Less
36 Month CD
2.55% $2,000 - Learn MoreShow Less
48 Month CD
2.60% $2,000 - Learn MoreShow Less
60 Month CD
2.65% $2,000 - Learn MoreShow Less

Bank Offers

Synchrony Raises Savings Rate to 1.75%
Jun 6, 2018

Synchrony Bank has raised their online savings rate to 1.75%.

Synchrony Raises Its Online Savings Rate to 2.20%
Dec 26, 2018

Synchrony has raised its online savings rate to 2.20%.

Synchrony Lowers Savings Rate to 2.15%; Lowers All CD Rates
Jul 11, 2019

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 Lowers CD Rates Again
Aug 13, 2019

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.

Customer Reviews for Synchrony Bank (53)

  • Dr. Joe

    August 16, 2019 |

    Online Savings Rates

    Unlike any other so-called "major" online bank, you cannot log in to stop a CD from rolling over automatically. You indicate that you do not want to roll it over by sending an email. You need to call. You need to speak to someone in the Philippines. You need to do this multiple times and it still doesn't work. You may be stuck for live in these things.


    May 27, 2019

    Reading above reviews does not actually give one confidence to invest. These days I find a lot of companies have employees answering the phone, have either no knowledge or no interest in the questions they are asked It might be in your best interest and your clients to have trained employees. Train them and pay accordingly

  • Luiza S

    May 07, 2019 |

    Online Savings Rates

    I called to make a transaction. The customer service rep had barely a clue so it took me 20 minutes. 5 days passed and the transaction hasn't been consummated. Tried calling again and they have no record of the first call. When I can muster up the energy to call and deal with this yet again, I will close the account. I also am with Citizens Access and Marcus and those are much less painful. Ally was about the same.

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