Synchrony Bank CD rates
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Synchrony Bank consistently ranks among the top CD rate providers, and for good reason. With 14 standard terms ranging from 3 months to 5 years — all with no minimum deposit — Synchrony gives you flexibility and competitive returns without making you choose between the two.
Synchrony's online-only model means no branches, which keeps overhead low and rates high. If you're comfortable managing your money digitally, Synchrony offers solid value. Read our full review.
Synchrony CD rates
Synchrony offers three types of CDs:
- Standard CDs
- One bump-up CD
- One no-penalty CD
For standard CDs, Synchrony offers 14 terms with no minimum deposit required. There’s a penalty for withdrawing funds early from the principal balance but earned interest can be withdrawn penalty-free at any time.
Synchrony's 11-month CD is a no-penalty CD that doesn’t charge an early withdrawal penalty after the first six days following account funding.
Here’s a closer look at Synchrony’s CD rates.
| Term | APY | Min. deposit |
|---|---|---|
| 3 months | 0.25% APY | No minimum |
| 3 months | 0.25% APY | No minimum |
| 6 months | 3.75% APY | No minimum |
| 9 months | 4.10% APY | No minimum |
| 11 months | 0.25% APY | No minimum |
| 1 year | 3.80% APY | No minimum |
| 14 months | 3.75% APY | No minimum |
| 15 months | 3.75% APY | No minimum |
| 18 months | 3.70% APY | No minimum |
| 19 months | 3.70% APY | No minimum |
| 2 years | 3.50% APY | No minimum |
| 2 years | 2.80% APY | No minimum |
| 3 years | 3.60% APY | No minimum |
| 4 years | 3.50% APY | No minimum |
| 5 years | 3.75% APY | No minimum |
Note: Annual percentage yields (APYs) were last updated between Dec. 18 and Dec. 24 and may vary by region.
Synchrony Bump-Up CD
| Account name | Term | APY |
|---|---|---|
| Bump-Up CD | 2 years | 2.80% |
Rate history for Synchrony Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
How Synchrony rates compare to top-yielding banks
Synchrony consistently ranks in the top tier for CD rates, often competing directly with Ally Bank, Bread Savings and Marcus by Goldman Sachs for the highest APYs available.
The 9-month CD is particularly competitive right now. If you're saving for something specific early next year, that term and rate combination is tough to beat without going longer. That said, CD rates shift frequently. Before committing, compare current CD rates to confirm Synchrony is offering the best return for your specific term. Even a 0.15% APY difference adds up over time.
Other savings options at Synchrony
- High-yield savings account: If you want easier access to your money, Synchrony's savings account offers a competitive rate without locking you into a term. You can withdraw whenever needed. The rate currently beats the bank's money market account.
- Money market account: Offers check-writing and ATM access, but the rate trails both the savings account and most CDs. Only worth it if you specifically need those payment features.
For most savers prioritizing returns, either the savings account (for flexibility) or a standard CD (for guaranteed rates) makes more sense than the money market account. Compare your options using Bankrate’s list of best high-yield savings accounts and money market accounts.