Synchrony Bank Cd Rates
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Synchrony Bank is an online bank that offers a variety of savings products, including certificates of deposit (CDs). Synchrony offers a wide range of CD terms. The minimum deposit for each CD is $2,000.
Synchrony Bank 1 Year CD Rates - Deposits Q: I am treasurer of a non profit condo association in Naples Fl. And would like to open an account with Synchrony Bank by purchasing cd's in the amount of $75,000.00. The shortest certificate of deposit term and lowest CD rate from Synchrony Bank is the 3-month account currently at 0.75 percent. The longest CD term and highest CD rate at Synchrony Bank is the 5-year account at 2.23 percent with an APY of 2.25 percent. The minimum opening deposit for all CD accounts is $2,000. Synchrony Bank is an award-winning online bank offering a variety of products including high yield savings accounts, certificates of deposit and money markets. Earn more by locking in your rate on an award-winning Synchrony Bank product. Certificate of Deposits (CD)% APY. 12 Months.
Synchrony is best for savers who are comfortable banking only online.
Synchrony Bank earned 4.2 out of 5 stars.
Synchrony CD rates
Here's a closer look at Synchrony's CD rates.
| Account name | Term | APY | Minimum deposit |
| CD | 3 months | 0.15% | $2,000 |
| CD | 6 months | 0.25% | $2,000 |
| CD | 9 months | 0.35% | $2,000 |
| CD | 12 months | 0.60% | $2,000 |
| CD | 13 months | 0.60% | $2,000 |
| CD | 14 months | 0.60% | $2,000 |
| CD | 15 months | 0.60% | $2,000 |
| CD | 18 months | 0.60% | $2,000 |
| CD | 24 months | 0.65% | $2,000 |
| CD | 36 months | 0.70% | $2,000 |
| CD | 48 months | 0.70% | $2,000 |
| CD | 60 months | 0.80% | $2,000 |
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Note: The APY (annual percentage yield) shown is as of Dec. 23, 2020. The APYs for some products may vary by region.
How Synchrony rates compare to top-yielding banks
Synchrony has the advantage of offering a wide variety of terms, but the interest rate it pays for CDs is slightly lower compared to some other high-yield CDs offered by other banks. That means you can easily set up a CD ladder, but might not earn as much as you otherwise could.
If you're looking to maximize the interest you earn, consider a CD with another bank, such as Delta Community Credit Union or VyStar Credit Union. Which bank offers the highest yields on CDs depends on the term. Shop around.
Synchrony Cd Interest Rates
Other savings options at Synchrony
Synchrony Ira Cd Rates Today
Synchrony also offers savings accounts and money market accounts.
The money market account offers a lower interest rate than the bank’s 12-month CD. Unless you value the flexibility that a money market accounts offer, the account isn't a great choice for savers seeking the highest rate.
Synchrony Bank Cd Rates 2018
Synchrony's savings account is a good option to earn a solid return without locking your money into a CD. The savings account currently offers higher rates than the bank’s money market account and even the bank’s 36-month CD. It also beats out the rates offered by many competitors, making it a good way to earn a solid return without locking your money into a CD.