Synovus Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Synovus Bank is an attractive option for consumers looking for a free checking account and low minimum deposit requirements, though it’s not the best option for those seeking out top-tier rates. Although its branches are located in the Southeast, its digital banking tools allow customers to do their banking nationwide.
Highlights
- Low Min Deposit
- Free Checking
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 3.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Established in 1888, Synovus is a full-service bank that offers deposit products, loans and financial planning and investing services. Most of the bank’s accounts require low minimum deposits and the checking account is free, but rates are much lower than what other banks are offering.
Pros
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It’s a good fit for customers in the Southeast who like a combination of branch and digital banking.
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It offers a wide selection of CD terms, enabling savers to build a CD ladder.
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There’s a free checking account.
Cons
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It has branches in only five states: Georgia, Florida, Alabama, Tennessee, South Carolina.
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The ATM network is geographically limited to the Southeast.
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You can find higher yields at other banks.
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There is limited information about CDs on the bank’s website.
Synovus Bank banking products
Synovus Bank savings overview
There is a $5 monthly fee unless you maintain a $200 "relationship" balance across all of your Synovus deposit and investment accounts. The account comes with digital banking options, such as online bill payment.
Pros
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The opening deposit for Personal Savings is fairly low.
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Account holders have access to online bill pay and other digital banking features.
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Interest is earned on any balance.
Cons
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APYs are low; many online banks offer far better rates.
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There is a $5 monthly service charge unless you keep a combined $200 "relationship" balance across Personal Savings and other Synovus deposit and investment accounts.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 3.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
Customer service hours by telephone are 8 a.m. to 5 p.m. CT, weekdays. Synovus offers online and digital banking, as well as person-to-person payment capability using Zelle. Customers can add Synovus-issued credit/debit cards for use in digital wallets, including Apple Pay.
Synovus has ATM access in the Southeast, as well as free use of Presto! ATMs at Publix grocery stores.
The Synovus website contains personal financial calculators and educational articles on topics such as tips for building an emergency fund and how to prepare for a financial setback.
About Synovus Bank
Based in Columbus, Georgia, Synovus is a full-service financial company that offers personal, business and corporate banking products and services throughout the Southeast. It has 268 branches in Georgia, Florida, Alabama, Tennessee and South Carolina. It provides loans and deposit products, investment services, financial planning and wealth management.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.