Synchrony Bank CD Rates and Features for 2025
Written by
Sarah Sharkey
Edited by
Elizabeth Constantineau
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Saving money is an important habit to build. But as you build your savings, where you choose to store your money matters. If you are comfortable giving up access for a set amount of time, you can lock in a high interest rate through a certificate of deposit (CD). Synchrony Bank offers several appealing CD options.
Current Synchrony Bank CD Rates: September 2025
Synchrony Bank offers standard, bump-up, no penalty and IRA CDs, ranging from three to 60 months. Early withdrawal penalty applies to most CDs, but there’s no minimum deposit required. Here’s a look at the terms and APYs:
Standard CDs
Standard CDs come in a wide variety of term lengths with fixed interest rates. There are no minimum deposit requirements. Here are the current Synchrony Bank CD rates:
| Term Length | APY |
|---|---|
| 3 months | |
| 6 months | |
| 9 months | |
| 12 months | |
| 13 months | |
| 14 months | |
| 15 months | |
| 16 months | |
| 18 months | |
| 19 months | |
| 24 months | |
| 36 months | |
| 48 months | |
| 60 months |
You can withdraw earned interest at any time, but early withdrawals of principal are subject to penalties.
No-Penalty CDs
If flexibility matters, Synchrony’s no-penalty CD lets you access your funds early without forfeiting interest — after the first six days.
| Term Length | APY |
|---|---|
| 11 months |
This can be a good option if you want to keep funds available without locking in for the full term.
Bump-Up CDs
The bump-up CD lets you request a one-time rate increase if Synchrony raises rates on newly issued bump-up CDs.
| Term Length | APY |
|---|---|
| 24 months |
Even if rates don’t rise, this CD provides a solid fixed return.
IRA CDs
Synchrony also offers CDs for individual retirement accounts, with the same term lengths as standard CDs.
| Term Length | APY |
|---|---|
| 3 months | |
| 6 months | |
| 9 months | |
| 12 months | |
| 13 months | |
| 14 months | |
| 15 months | |
| 16 months | |
| 18 months | |
| 19 months | |
| 24 months | |
| 36 months | |
| 48 months | |
| 60 months |
Before stashing your funds in an IRA CD, confirm you won’t need access to the money until you hit retirement age. If you need access to the funds early, you could face an early withdrawal penalty and a penalty from the IRS.
Synchrony Bank CD Features
Before opening a Synchrony Bank CD, it’s helpful to understand the key features:
- No minimum deposit: Start saving with any amount.
- FDIC insurance: The funds you tuck into a Synchrony Bank CD are protected against loss by FDIC insurance coverage, which offers protection for up to $250,000 per account holder.
- Fixed interest rates: Locking in a fixed rate for a CD’s entire term comes with a guaranteed return. This can make managing your funds easier.
- No monthly maintenance fees: You don’t have to worry about monthly fees eating into your savings.
- Online and mobile banking access: Synchrony Bank has a highly-rated mobile app, which you can use on the go for easy money management.
Synchrony Bank Early Withdrawal Penalties
Like most financial institutions, Synchrony Bank imposes early withdrawal penalties on CDs. If you need to access your funds early, you’ll face a penalty based on your term length.
Here’s what to expect:
| Term Length | Penalty |
|---|---|
| Terms of 12 months or less | Penalty equals 90 days of simple interest at the current rate |
| Terms more than 12 months but less than 48 months | Penalty equals 180 days of simple interest at the current rate |
| Terms of 48 months or more | Penalty equals 365 days of simple interest at the current rate |
For example, if you had $1,000 in a 12-month CD that was earning 4.00%, an early withdrawal might cost around $10 in interest penalties.
Pro Tip
Since early withdrawal penalties can cut into your earnings, it’s best to avoid them. When possible, only tuck funds into a CD that you don’t plan to use for the duration of the term.
Generally, it’s best to keep your emergency savings out of a CD because you never know when you’ll need to dip into those funds.
Pros and Cons of Synchrony Bank CDs
Before opening a Synchrony Bank CD, consider its advantages and potential drawbacks.
Pros:
- Wide range of terms from 3 to 60 months
- Competitive APYs
- No minimum balance required
- FDIC-insured up to applicable limits
Cons:
- Early withdrawal penalties
- No physical branches
- Funds are locked, limiting flexibility
How Much Can You Earn With a Synchrony Bank CD?
Your total earnings depend on the term, rate and amount you deposit. Here are a few examples:
| Deposit Amount | Term | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 3 months | $0.62 | |
| $2,500 | 12 months | $100 | |
| $5,000 | 24 months | $356.12 | |
| $10,000 | 36 months | $1,248.64 |
If you’d like a closer look at your savings and how much they grow, check out the GOBankingRates Savings Calculator, where you can input your figures and calculate the interest over time.
How To Open a CD With Synchrony Bank
Ready to get started? Follow these steps to open a Synchrony Bank CD:
- Visit Synchrony Bank’s website and select “Open an Account.”
- For those who are already Synchrony Bank customers, you’ll simply log in to apply quickly.
- New customers will need to provide their address, Social Security number, government-issued ID and funding account details.
Once you open the account, you’ll have ten days to finalize the starting balance. If you need help throughout the process, tap into the live chat feature or send a secured email through your new account.
Synchrony Bank CD Rates vs. Other Banks
Synchrony Bank often offers higher rates than traditional banks. In some cases, rates are nearly 10 times the national savings account average of 0.38% APY.
While it’s undeniable that Synchrony Bank is offering worthwhile CD rates, it never hurts to shop around before opening an account.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
Early withdrawal penalty may apply
Early withdrawal penalty may apply
No monthly service fee
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$0
$500
$0
Is a Synchrony Bank CD Right For You?
A Synchrony Bank CD isn’t the right fit for everyone. Many savers would prefer to maintain regular access to their stash. If a more liquid option better suits your needs, a high-yield savings account might be the right choice.
Ideal for:
- Anyone searching for competitive APY rates.
- Those who need a low to no minimum deposit option.
- Savers who also want IRA CDs.
Not great for:
- Anyone who prefers to do their banking in person, as all transactions are done online.
- Those who want multiple rate increases, as the bump-up CD only offers one rate increase for each term.
- Savers who prefer to deposit in cash.
Conclusion
If you’ve taken the time to build savings, finding the top CD rates can help you put your hard-earned money to work for you. Synchrony Bank offers some useful CD options for savers. But don’t overlook your other options when selecting the perfect CD for your funds.
Synchrony Bank CD Rates FAQ
Here are the answers to some of the most frequently asked questions regarding Synchrony CD rates.- What is the minimum deposit for a Synchrony Bank CD?
- Synchrony Bank CDs do not require a minimum deposit requirement.
- Do I need a Synchrony Bank account to open a CD?
- You don’t need an existing account. You can open a CD as a new customer directly through Synchrony’s website.
- Can I open a CD online?
- Yes, the entire application process can be completed online through Synchrony Bank’s website.
- What happens if I withdraw before the term ends?
- You can access your funds early. But if you withdraw your funds from a Synchrony Bank CD before it matures, you'll pay an early withdrawal fee.
- Are Synchrony Bank CD rates competitive in 2025?
- Yes — Synchrony Bank’s CD rates are consistently among the highest available, often outpacing those from traditional brick-and-mortar banks.
More About Synchrony Bank
- Synchrony Bank Review
- Synchrony Bank Savings Rates
- Synchrony Bank Routing Number
- Synchrony Bank Login
- Synchrony Bank Bonuses and Promotions
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 3, 2025.
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.
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- FDIC. 2024. "National Rates and Rate Caps."
