Is Synovus Bank safe?

Synovus Bank is safe. Its funds are FDIC-insured. Deposits are insured up to $250,000 per depositor, per ownership category, in the unlikely event of bank failure.

What is the minimum balance of a Synovus Bank account?

It depends on the bank account. Minimum balances range from $0 to $100.

How much money can you withdraw from Synovus Bank in a single day?

You can typically withdraw $600 per day. You can get more money in person, depending on the relationship you have with the bank.

Does Synovus Bank charge a monthly maintenance fee?

There are monthly account maintenance fees ranging from $3 to $50. Some fees are waivable, while other fees are not waivable.

What services does Synovus Bank provide?

Synovus Bank offers personal, small business and corporate banking services.

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Synovus Review: Personalized Banking and Vast Choices in Products

January 6, 2026

7 min Read

Written by Rudri Bhatt Patel, CFHC™

Edited by Joe Evans

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

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Synovus Bank Checking Accounts
Synovus Bank Savings Accounts
Synovus CD Accounts
Synovus Money Market Account
Banking Experience
How Does Synovus Bank Compare?
Final Take

Synovus offers a wide range of deposit accounts, loans, investments and other financial services

It has specific features and benefits that probably appeal to some types of customers more than others, so it’s important to take a look at what the bank has to offer before deciding if it’s right for you.

Synovus Bank is a subsidiary of Synovus Financial, which has more than $48 billion in assets and trades on the New York Stock Exchange under the symbol SNV. The bank itself operates 298 locations across the Southeast, including Georgia, Florida, Alabama, South Carolina and Tennessee.

Synovus Bank Checking Accounts

Synovus has a choice of four checking accounts: Synovus Plus, Synovus Inspire, Budget Checking and Student Checking.

Synovus Plus, Synovus Inspire and Student Checking require a $100 deposit.
Budget Checking requires a $25 deposit and a $5 maintenance fee that cannot be waived.
Synovus Inspire offers personal advisor coaching and refunds all non-Synovus ATM fees.
Student Checking must be opened in person, while you can apply for the other accounts online.
You can receive Visa credit card perks with Synovus Plus and Synovus Inspire.
Synovus Plus Checking has a $10 monthly fee, and Synovus Inspire has a $50 monthly fee that is waivable.

Synovus Bank Checking Accounts

Start Banking

Best For people who want four choices in their checking accounts

Budget Checking

Low Fees

Low Minimum To Open

FDIC-Insured

ATM Access

Four choices in checking accounts

Synovus Bank offers a diverse set of checking accounts, catered to individual needs like checking that has perks, budget checking and student checking.

Fees

$5 to $50

APY

Up to 0.05% APY

Min Opening

$25 to $100

Pros

A variety of accounts you can choose from
Funds are FDIC-insured
Convenient ATM access

Cons

Monthly maintenance fees are high and have difficult fee waivers
Steep overdraft fees
Check clearing times are longer than expected

Why We Like It

Synovus Bank offers seven checking accounts that speak to individual needs. Customers can choose from no monthly service charge checking to checking accounts that come with credit card perks.

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Synovus Bank Savings Accounts

Synovus Bank has one standard savings account, called Personal Savings, along with two specialized offerings: the Minor Savings account and Holiday Savings account.

The Personal Savings account is the bank’s primary savings account and offers the most features, including these:

Tiered interest rates
Unlimited fee-free, in-network ATM transactions
Two free non-network ATM withdrawals per month ($3 each thereafter)
Easy transfers to other Synovus accounts
Quarterly statements (monthly when combined with a checking account)
Printed or paperless statements
Online bill pay

Synovus Bank Savings Account

Start Banking

Best For

Waivable Fees

No Minimum Required for Opening

Higher Rates for Large Deposits

Minimal Fees

Multiple Options

Everyday savings, student savings or ways to save for the holidays

Synovus Personal Savings is a great way to save and has a $5 waivable monthly maintenance fee. There is one primary savings account, but an account dedicated to students and another for the holidays are also available.

Fees

$5 (Waived with $200 balance)

APY

0.01% to 0.05%

Min Opening

Pros

Larger deposits earn higher rates
Minor Savings account available for those under age 18 (19 in Alabama)
FDIC-insured

Cons

Rates are only available by contacting the bank
Only one standard savings account
Minimum $200 balance required to avoid $5 monthly fee

Why We Like It

GOBankingRates likes Synovus Personal Savings because it’s a good option for those who want to save money and pay minimal fees.

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Synovus CD Accounts

All Synovus Bank CDs have a $1,000 minimum and come with $250,000 FDIC insurance per depositor. CDs automatically renew at the then-current interest rate. If you withdraw your funds before maturity, you’ll be assessed a penalty.

Funds are FDIC-insured
Must contact the bank for APYs
Minimum deposit is $1,000
Early withdrawal penalties
CDs mature automatically

Synovus Bank CD Account

Start Banking

Best For

FDIC-Insured

Various Terms Available

Automatic Maturation

No Maintenance Fees

Decent Interest Rates

Reliable savings with a range of CD terms

Synovus Bank offers several CD terms, but you will have to contact the bank to find out about APYs. Perfect for individuals who have extra cash and want to grow their funds.

Fees

No monthly maintenance fees

APY

Contact the bank for APYs

Min Opening

$1,000

Pros

FDIC-insured
A variety of CD terms are offered
Mature automatically

Cons

Rates not published online
High minimum deposit
Early withdrawal penalty

Why We Like It

Synovus Bank CDs offer a way for those who have extra cash to save.

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Synovus Money Market Account

Synovus Bank offers a single money market account, named the Relationship Money Market. It comes with a $100 minimum deposit but requires a minimum $2,500 relationship balance to avoid a $10 monthly fee.

Minimum deposit for the money market account is $100.
Funds are FDIC-insured.
$10 monthly maintenance fee.
APY is earned based on balances.

Synovus Bank Money Market Account

Start Banking

Best For

Low Fees

Various Tiered Rates

Low Minimum Deposit

FDIC-Insured

Highly Liquid Option

Ideal for people who have excess cash

There is a low barrier to opening a Synovus Money Market account with just a $10 minimum deposit. If you want to invest your cash in a safe option, a Synovus Relationship Money Market account will earn interest. Rates are tiered, but you will have to contact the bank to find out specific rates.

Fees

$10

APY

Contact the bank for rates

Min Opening

$100

Pros

Low minimum deposit for a money market account
FDIC-insured
Highly liquid

Cons

Rates not published online
APY may not keep up with inflation
Transaction limits

Why We Like It

People can grow their existing wealth at Synovus Bank if they don’t need funds immediately.

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Banking Experience

Synovus Bank customer service offers live support by calling 1-888-796-6887 during the following hours:

Monday to Saturday 8 a.m. to 8 p.m. ET

Synovus Bank’s app on Google Play is rated as 4.8, while on the Apple Store the rating is 4.8.

How Does Synovus Bank Compare?

Checking

Savings

CDs

SELECTED BANK

Synovus Bank Checking Accounts

Start Banking

MOST COMPARABLE

4.6

GBR Rating

Bank of America, Member FDIC, Checking Account

Read Review

MOST COMPARABLE

4.5

GBR Rating

Chase Checking Accounts

Read Review

Fees

$5 to $50

$4.95 waivable monthly maintenance fee for Advantage Safe Banking accounts, $12 waivable monthly maintenance fee for Advantage Plus Banking accounts, $25 waivable monthly maintenance fee for Advantage Relationship Banking accounts

$0 or $15, with options to waive

APY

Up to 0.05% APY

N/A

Min Opening

$25 to $100

Fees

$5 (Waived with $200 balance)

$8 waivable monthly maintenance fee per statement cycle

$5 monthly, waivable

APY

0.01% to 0.05%

to for most accounts, 5% to 20% booster for Preferred Rewards members

Min Opening

$100

SELECTED BANK

Synovus Bank CD Account

Start Banking

MOST COMPARABLE

3.2

GBR Rating

Bank of America CD Account

Read Review

MOST COMPARABLE

3.3

GBR Rating

Chase CD Accounts

Read Review

Fees

No monthly maintenance fees

Early withdrawal fees apply

No monthly service fee

APY

Contact the bank for APYs

Up to

Min Opening

$1,000

Synovus Bank vs. Bank of America

With branches in 37 states plus the District of Columbia, Bank of America is the better choice for people who like to bank in person and live outside of the South and Southeast. But for anyone who lives in Alabama, Florida, Georgia, South Carolina and Tennessee, a smaller regional bank may offer the hometown-bank experience some prefer.

Synovus Bank vs. CIT Bank

CIT Bank is primarily an online bank that generally has higher APYs on accounts. For those seeking personalized attention you may get more value from Synovus Bank’s personal banking products.

Synovus Bank vs. Chase

Synovus Bank has more of a regional presence, while Chase has multiple nationwide locations. If you have higher balances, Chase may be a better fit. Chase has several checking account options, but if you prefer a personalized experience, though, Synovus Bank is probably a better fit.

Final Take

Synovus Bank is designed to meet the complete banking needs of its customers. If you’re looking for an integrated, full-service bank with extensive branch coverage in the Southeast, it’s worth looking into. However, if you prefer an online banking experience, Synovus probably isn’t a good choice. It may be difficult to get information about its accounts and policies without calling or visiting a branch. Rates are not disclosed on the bank’s website, which probably means they aren’t that high compared with other banks. Also, many Synovus accounts have fees that require minimum balances to avoid.

FAQ

Is Synovus Bank safe?
- Synovus Bank is safe. Its funds are FDIC-insured. Deposits are insured up to $250,000 per depositor, per ownership category, in the unlikely event of bank failure.
What is the minimum balance of a Synovus Bank account?
- It depends on the bank account. Minimum balances range from $0 to $100.
How much money can you withdraw from Synovus Bank in a single day?
- You can typically withdraw $600 per day. You can get more money in person, depending on the relationship you have with the bank.
Does Synovus Bank charge a monthly maintenance fee?
- There are monthly account maintenance fees ranging from $3 to $50. Some fees are waivable, while other fees are not waivable.
What services does Synovus Bank provide?
- Synovus Bank offers personal, small business and corporate banking services.