Available for residents nationwide, Synchrony Bank High Yield Savings is offering 4.00% APY when you open an account.
Update 4/11/25: The rate has decreased to 4.00% APY (from 4.10%). Open an account
Synchrony Bank High Yield Savings Review
Synchrony Bank has no physical locations, so you are able to save more money while still being offered some of the best rates available in the nation. This bank understands that sometimes, banking and keeping up with your payments can be quite a hassle.
I’ll review Synchrony Bank High Yield Savings below.
Synchrony Bank High Yields Savings Rate
You could start your new account with no minimum balance as well as no monthly fees! Earn this rate on all balances.
- Learn More
- Eligible account: High Yields Savings
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: None
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
Editor’s Note:
- The High Yield Savings account has no minimum balance requirement or monthly service fees.
- An optional ATM card is available and can be used at ATMs and for making purchases with a PIN.
- Synchrony Bank offers an ACH bank-to-bank transfer service that allows customers to link up to five accounts at other banks (per FAQ – It used to be ten.)
How to Earn Rate
- Open a High Yield Savings Account with Synchrony Bank
- You will need:
- A valid US residence
- Social Security number (or Tax Identification Number)
- US Driver’s License, state-issued ID, or Military ID
- You will automatically earn 4.00% APY after account opening
| Balance Requirement | APY Rate |
| Any balance amount | 4.00% APY |
Synchrony Bank High Yield Savings Features
- Award-winning rates — that go beyond the national average
- Easy withdrawals online, over the phone or with an ATM card
- No minimum balance requirement or monthly service fee
- Peace of mind through FDIC insurance up to $250,000 per depositor, per insured bank, for each ownership category
Deposit Options
Below are the options to deposit money into your Synchrony Bank High Yield Savings account:
- Electronic funds transfer
- Internal transfer from another Synchrony account
- Mobile check deposit
- Direct deposit
- Wire transfer
- Mail in a physical check
- Personal or cashier’s check.
Withdrawal Options
Below are the options to withdraw money into your Synchrony Bank High Yield Savings account:
- Electronic funds transfer
- ATM withdrawal
- Wire transfer
Is the Synchrony Bank Account FDIC Insured?
Yes. Being a member of the FDIC, your deposits at Synchrony Bank are insured up to $250,000 per ownership category.
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Conclusion
With the competitive APY, you can bank and save with ease knowing that you are not only getting one of the best deals available, but you will also get the satisfaction of knowing the firm is FDIC insured. This is a great option if you’re looking for a quick place to stash your emergency funds and with a competitive return on your high-yield savings, it’s hard to beat!
In addition to the rate from Synchrony Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Synchrony Bank High Yields Savings.
