Synchrony Bank:
Online Savings Account - 0.50% APY
• Account may be set up for personal trusts.
• Synchrony Bank High Yield Savings or Money Market accounts don’t require a minimum balance or incur service fees. However, if the account is left with a $0 balance for greater than 60 days, it may be subject to closure.
• Interest is compounded daily and credited monthly on the statement date.
Fee and Feature Guide
| Savings Account | |
|---|---|
| Interest Rate | |
| APY | 0.50% |
| Minimum deposit amount | $1.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $0.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Fees | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $25.00 |
| Incoming Wires | $15.00 |
| Statements | |
| Paper Statements | × |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Customer Reviews for Synchrony Bank (73)
Peter C2
January 23, 2021 |
In terms of service, you cannot do anything online. On every other bank, you can message someone online and get a quick response. You need to call Synchrony and speak with someone in the Philippines. Nice folks, but I don't want them handling my banking info! To boot, you cannot turn off paper statements. Even the people in the Philippines cannot do that for you. Pick any other bank from this list and you'll be better off!
Is this review helpful? Yes:2 / No: 1
Peter Cyrus
January 23, 2021 |
Synchrony is the only thing left over from the old GE. Here in Stamford, CT, you will see their building on Long Ridge Road where GE used to be. It is like a shit stain, except Synchrony today never would have made GE proud.
Is this review helpful? Yes:4 / No: 0
Del
October 3, 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:2 / No: 1
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:3 / 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:3 / No: 1
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