| 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
|
1.05% | $1 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Month CD
|
0.90% | $2,000 | - |
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|
| 18 Month CD
|
0.90% | $2,000 | - |
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|
| 2 Year CD
|
1.00% | $2,000 | - |
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|
| 36 Month CD
|
1.15% | $2,000 | - |
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|
| 48 Month CD
|
1.15% | $2,000 | - |
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|
| 60 Month CD
|
1.20% | $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.
Customer Reviews for Synchrony Bank (60)
Jeline Bash
June 09, 2020 |
I had stuck with Synchrony for years even though the website is so much worse than any of the others. Quietly dropping the rate - with no notice to customers - it is the final straw.
Is this review helpful? Yes:0 / No: 0
Hunter
April 23, 2020 |
Their CD rates fell below those of other reputable banks so I am not using them right now. At maturity, my funds were transferred to my bank the next business day. It can't get any better than that.
Is this review helpful? Yes:0 / No: 0
Impossible to go paperless
February 14, 2020 |
Plenty not to like about Synchrony's service (no ability to contact the bank through the interface). Add to the list that it is impossible to go paperless.
Is this review helpful? Yes:0 / No: 0
rsharriff
October 14, 2019 |
Have accts with all major online banks and this is by far the worst. 4 days to make a transfer - factor that in and your rate is much lower than advertised. Plus, there is no ability to contact CSR through website which is terrrrrible. It really should not be listed as one of the majors on the site.
Is this review helpful? Yes:2 / No: 0
Powell
September 21, 2019 |
My CD matured and they held the money for 3 days before moving it to my savings account with Synchrony! That is called highway robbery.
Is this review helpful? Yes:3 / No: 0
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