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Synchrony Bank Reviews and Rates


Rated Top 10 Savings Account in GOBankingRates Best Banks Study

Synchrony Bank, a featured partner of GOBankingRates, offers a digital storefront to help you meet your personal finance goals. A former subsidiary of General Electric Co., Synchrony Bank acquired MetLife Bank's deposit business in January 2013, including $6.4 billion in deposits and its online banking operation.
Rates effective as of 07/10/15

Synchrony Bank (FDIC certificate 27314) was established in 1988 and operates online. Ms. Margaret M. Keane, President/CEO of Synchrony Bank, leads a team of 7682 employees.The bank's parent holding company, GENERAL ELECTRIC CAPITAL CORPORATION is based in , .

Synchrony Bank, headquartered in Draper, UT, is rated four stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a four star rating indicates, among other things, that this institution has at least 1½ times the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.

Synchrony Bank is a savings association (thrift). With $50 billion in total assets, the OCC classifies the bank’s asset concentration as Credit-Card Specialization.

Products & Services

Personal

Synchrony Bank has many personal banking offers to choose from including highly-rated term CDs, high-yield savings, and IRA money market accounts.

Synchrony Bank Products

High-Yield Savings
Optimizer Plus+ CDs
Money Market Accounts
IRA Money Market Account & IRA CD
Credit Cards

Locations, Hours, & Customer Service Contact

Hours of Operation

Monday - Friday
8:00AM - 10:00PM EST
Saturday
8:00AM - 5:00PM EST

Synchrony Bank Location : Headquarters

170 West Election Road Suite 125
Draper, UT
84020
Get Directions To My Local Branch

Synchrony Bank: National Interest Rates

I want to Deposit:

Rate (APY)
Account Type
Estimated Balance for 1 Year
1.25%
1 Year CD
$25,313
1.45%
2 Year CD
$25,363
1.60%
3 Year CD
$25,400
1.75%
4 Year CD
$25,438
2.25%
5 Year CD
$25,563
0.60%
6 Month CD
$25,150
1.05%
Savings
$25,263
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Synchrony Bank offers a wide range of retail banking and lending services. The lending arm of the online bank offers a range of personal loans to cover the unexpected costs of life, from auto parts loans to loans for electronics, home improvement loans, and healthcare loans. Synchrony Bank OptimizerPlus+ deposit accounts also help customers get further in their savings goals. The money market and savings accounts offer high-yield earning while still keeping funds accessible. Synchrony Bank also offers long-term savings and investment vehicles in its certificates of deposit and IRAs, offering CD terms from 3 months to 60 months.

Banking Fees

Type
Fee
National Average
Monthly Inactivity
$5
$7
Non sufficient Fund Overdraft
$0
$9
Stop Payment Item
$25
$27
Return Deposit
$0
$14
Domestic Wire Transfer (Outbound)
$25
$22
Domestic Wire Transfer (Inbound)
$0
$9
Non-Bank ATM
$0
$1

Synchrony Bank Reviews, News & Information

Review: 5 Impressive Features of Synchrony Bank’s Savings Account

Find out if a Synchrony Bank high yield savings account is right for you.

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Synchrony Bank Ups Its High-Yield Savings to 1.05% APY

Earn five times more interest than with an average savings account.

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Review: Synchrony Bank CD Offers Set-It-and-Forget-It Savings

You can grow your money without even thinking about it.

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Synchrony Bank CD Review

It might be time to invest in a CD.

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Synchrony Bank Reviews

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