Synchrony Bank Bonuses and Promotions

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Synchrony Financial is best known as the largest provider of private label credit cards in the U.S., but it also provides banking services under the Synchrony Bank brand.

This online-only bank offers high annual percentage yields and other deals to entice customers to its lineup of savings accounts, money market accounts and certificates of deposit.

Current Synchrony Bank Bonuses and Promotions

Synchrony’s current promotions don’t feature cash bonuses. Instead, the bank is offering very high rates for savings products such as certificates of deposit and high-yield savings accounts.

High Yield Savings: Earn More With APY

Synchrony’s High Yield Savings account lets you earn a much higher APY on your balance than you would at most other banks. After all, the average interest rate for a savings account is 0.41%.

There’s no minimum balance or deposit requirement for the account, and you get access to the Synchrony Bank app that lets you manage your money whenever and wherever you want. You can deposit and withdraw money through electronic or wire transfers or at an ATM. Here’s more:

• Minimum deposit to qualify: None
• Expiration date: N/A
• How to get it: Complete an application online and deposit money in your account.
• When you’ll get it: Interest is compounded daily. Accounts start earning interest as soon as they are funded, but accrued interest is credited each month.
• Terms and conditions: Interest rates are variable and can change at any time. Federal regulations limit the number of withdrawals account holders can make from their savings account to six per month. ATM transactions don’t count toward your limit, so you can make unlimited ATM withdrawals.
• Monthly fee: There are no fees with this account, and Synchrony will refund up to $5 in ATM withdrawal fees per month.
• Promotion Page: Synchrony Bank High Yield Savings account

Money Market Account: Industry-Leading APY

A money market account is like a hybrid between a checking and savings account. With a Synchrony Bank Money Market account you can earn interest while also enjoying the ability to write checks and withdraw money. There’s no minimum balance requirement to earn this APY, and a Synchrony coupon code is not required. Here are the details:

• Minimum deposit to qualify: None
• Expiration date: N/A
• How to get it: Open an account online and fund it.
• When you’ll get it: Accounts start earning interest as soon as they’re funded. The interest compounds daily and is deposited in the account monthly.
• Terms and conditions: Although you can order and write checks from the money market account, federal regulations limit in-person and check withdrawals to six per month.
• Monthly fee: There are no fees with this account, and Synchrony will refund up to $5 in ATM withdrawal fees per month.
• Promotion page: Synchrony Bank Money Market account

Certificate of Deposit: 15-Month APY Special Offer

If you don’t need immediate access to your cash, a Synchrony Bank CD lets you earn an even higher APY. The bank offers CDs in term lengths from three months to 60 months with varying interest rates.

In general, a longer term allows you to earn more interest. But there are some exceptions. For example, a 15-month CD special comes with a APY, while the 48-month CD comes with a APY.

Here are more details about the CD products:

• Minimum deposit to qualify: $0
• Expiration date: N/A
• How to get it: Open an account online and make the initial deposit through a transfer or check deposit.
• When you’ll get it: Accounts start earning interest as soon as they are funded.
• Terms and conditions: Synchrony will charge you penalties if you withdraw your initial deposit before the term is up unless you withdraw during the 10-day grace period. You also can withdraw money for a minimum distribution required by the IRS or in the event of a death.
• Monthly fee: None
• Promotion page: Synchrony Bank CD account

Are Synchrony Bank Bonuses and Promotions Right for You?

While it’s fun to score a bank bonus, it’s important to choose a bank based on the ongoing features that suit your needs. For example, you might seek out a bank with relatively high APYs and low fees to handle your banking needs for the long term.

But in the best-case scenario, you’ll find a bank that offers great products and a top-tier bonus opportunity. If you want to tap into a Synchrony Bank bonus in the future, check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions this month.

Sarah Sharkey contributed to the reporting for this article.

More About Synchrony Bank

• Synchrony Bank Review
• Synchrony Bank CD Rates
• Synchrony Bank High Yield Savings Account
• How to Find and Use Your Synchrony Bank Login

Information on promotions is accurate as of Aug. 1, 2025. Additional requirements may apply. Offers and terms are subject to change.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

This article has been updated with additional reporting since its original publication.

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