Synchrony Bank CD Rates: June 2025

Synchrony Bank of🐟fers CD ♌accounts with APYs as high as 4.15%

By

澳洲幸运5官方开奖结果体彩网:Michelle L. Black

Updated June 03, 2025

Fact checked by

Hans Daniel Jasperson

Businesswoman consulting with financial advisor in office — Thomas Barwick / Getty Images

Synchrony Bank is an online bank that offers a wide variety of financial services, including certificates of deposit (CDs) with terms that range from three months to five years. Synchrony Bank CD rates of up to 4.15% are competitive with some of 澳洲幸运5官方开奖结果体彩网:the best CDS for some term lengths.

Another benefit is the fact that Synchrony’s CDs feature no minimum balance requirements. Synchrony Bank also has two speജcialty CDs av🎃ailable for savers who are interested in bump-up CD accounts and no-penalty CD options.

Synchrony CD Overview

Synchrony CD Rates Overview
	CD Term	APY
Standard CD	3 months-60 months	0.25%-4.15%
Bump-up CD	24 months	3.00%
No-penalty CD	11 months	0.25%
IRA CD	3 months-60 months	0.25%-4.15%

Compare Synchrony Bank CD Rates

Before you open a new CD, it’s wise to shop around and compare offers from multiple banks. As you research the 澳洲幸运5官方开奖结果体彩网:best CD interest rates, account f🃏eatures, balance requirements, and benefits that several financial institutions have to offer, you’ll be in a better pos♒ition to decide if a CD from Synchrony Bank is right for you.

Synchrony Bank CD: Key Features

Synchrony CDs Key Features
	CD Term	APY	Minimum Balance
Standard CD	3 months-60 months	0.25%-4.15%	None
Bump-up CD	24 months	3.00%	None
No-penalty CD	11 months	0.25%	None
IRA CD	3 months-60 months	0.25%-4.15%	None

In addition to competitive annual percentage yields (APYs), especially on its long-term CD products, 澳洲幸运5官方开奖结果体彩网:Synchrony Bank CDs feature no minimum balance requirements. Outside of the 澳洲幸运5官方开奖结果体彩网:no-penalty CD, you will incur an early withdrawal penalty if you attempt to withdraw some or all of the principal funds from your account prior to its maturity date. Early withdrawal penalties range from 90 to 365 days' worth of simple interest at the current APY, depending on the terms of your account.

It’s worth noting that the grace period on CDs with Synchrony Bank lasts for a short 10 days after your maturity da꧃te arrives. During this window you can add additional cash to your account, renew your CD, 🍸transfer the cash to a different account, or withdraw your money.

If you don’t take any action, the online bank will automatically renew the CD on your behalf at the end of the 10-day grace period and mail you a renewal notice. This isn’t an unusual practice where CDs are concerned, but it’s still important to be aware of and to have a plan for what you want to do with your money when your CD matures.

▨Below are more key features to consider regarding CDs from Synchrony Bank.

Tip

When you’re shopping for a new certificate of deposit, it’s important to look beyond the interest rates a bank offers you. Although earning a high return on your savings does matter, it’s also important to pay attention to other account features when you 澳洲幸运5官方开奖结果体彩网:open a CD and understand how those details might impact you.🍸

Pros and Cons of Synchrony Bank CDs

Pros

澳洲幸运5官方开奖结果体彩网:Some competitive rates
澳洲幸运5官方开奖结果体彩网:No minimum balance requirement

Cons

澳洲幸运5官方开奖结果体彩网:Some non-competitive rates
澳洲幸运5官方开奖结果体彩网:Early withdrawal penalties

Pros Explained

Some competitive rates: You can find rates of up to 4.15% with Synchrony Bank, which is higher than many other CDs.
No minimum balance requirement: Unlike with many CDs, Synchrony Bank CDs do not have minimum balance requirements.

Cons Explained

Some non-competitive rates: While some of Synchrony's CDs have fairly high rates, others are as low as 0.25%. You can easily find higher rates by shopping around.
Early withdrawal penalty: Though many CDs have an early withdrawal penalty as Synchrony CDs do, you can find some CDs that do not have this if the flexibility is important to you.

About Synchrony Bank

As an online bank, Synchrony Bank offers competitive interest rates on its savings, money market, and CD account𝔍s. The bank also partners with hundreds of retailers to provide co-branded credit cards specific to each retailer.

Synchrony Bank has financing for healthcare procedures and purchases available through its product. It does not offer checking accounts, mortgages, investments, or other products that you may find at other financial inst𓂃itutions.

Synchrony Bank offe🧸rs the following banki♎ng products:

Savings Account
Money Market Account
CDs
Credit Cards

Alternatives to Synchrony Bank CDs

High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates than what Synchrony Bank offers. See the best high-yield savings account rates to compare how much you could earn.
High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The 澳洲幸运5官方开奖结果体彩网:best high-interest checki🐎ng accounts give you easy access to your money.
Certificates of deposit (CDs): Synchrony Bank offers fairly competitive 澳洲幸运5官方开奖结果体彩网:rates on its CDs. You can also choose from a range of 澳洲幸运5官方开奖结果体彩网:CDs from other financial instituti꧒ons.
Money market account: Money market account can also provide a return on your savings. Check the 澳洲幸运5官方开奖结果体彩网:best money market account rates to see how it compares.
Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

Are Synchrony Bank CDs Worth It?

澳洲幸运5官方开奖结果体彩网:CDs may be worth considering, and Synchrony Ba൲nk CDs in particular, under the following circumstances:

You prefer a (virtually) risk-free way to grow your savings.
Keeping your cash locked in a CD for a set period of time isn’t an inconvenience.
The CD rates at Synchrony Bank, combined with its benefits (like no minimum deposit) seem like a good fit for your financial goals.

Are Synchrony Bank CDs FDIC-Insured?

Synchrony Bank is a member of the 澳洲幸运5官方开奖结果体彩网:F🦂🔯ederal Deposit Insurance Corporation (FDIC). Therefore, deposit accounts with the bank (including CDs) are insured up to $250,000 per ownership category.

Should I Get a Synchrony Bank CD?

CD rates at Synchrony Bank are pretty competitive compared to other online banks and credit unions. While the highest rate CD at Synchrony Bank might not be the 澳洲幸运5官方开奖结果体彩网:highest APY available on any CD, the bank does offer higher APYs than many of 🅷its competitors where long-term CDs are concerned.

If you’re looking for a bank that doesn’t require a minimum deposit, Synchrony stands out. Furthermore, the financial institution offers a wide range of CD terms and specialty CD products that can give savers added flexibility when looking for low-risk ways to 澳洲幸运5官方开奖结果体彩网:save money.

Your Guide to CDs

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