Synchrony Bank is an online bank that issues credit cards and offers several products that pay some of the market’s best rates.
Synchrony consistently offers competitive rates on deposit products.
Synchrony doesn’t have minimum balance requirements for its savings accounts, money market accounts and CDs.
You won’t have access to a branch at Synchrony Bank. So if you need assistance from the bank, you can contact a representative via the online chat service or make a phone call.
The bank won’t charge you a fee to use an ATM; however, the ATM operator may charge you a fee. Should that occur, Synchrony says it will refund you up to $5 per month.
About Synchrony Bank
Synchrony Bank is a subsidiary of Synchrony Financial, a leading financial services company based in Stamford, Connecticut. Until 2014, Synchrony Bank was known as GE Capital Retail Bank, an extension of General Electric.
Synchrony offers certificates of deposit as well as savings and money market accounts. A number of credit cards, including some available at Amazon.com and LensCrafters, are issued by Synchrony Bank.