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 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

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.

Other savings options at Synchrony

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’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.