Synchrony Bank is offering residents nationwide a 2.25% APY on all balances when you sign up for their High Yield Savings Account. For those that are not familiar with the firm, Synchrony Bank provides a wide range of savings accounts to choose from to better fit your banking needs as well as offering great APY rates that are higher than the national average. With features such as no monthly service fees, no minimum balance requirements, and being FDIC insured up to $250,000, what’s not to like? If you are currently interested, I recommend you apply for a new account as soon as you can to be a part of one of the nation’s most trusted online financial institutions!
Synchrony Bank Rate Summary
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- Account Type: High Yield Savings Account
- Rate: 2.25% APY
- Availability: Nationwide
- Expiration Date: None
- Soft/Hard Pull: Soft pull
- Direct Deposit Requirement: None
- Additional Requirements: None
- Monthly Fee: None
- Early Termination Fee: None
Synchrony Bank Features
- Award-winning rates — that go beyond the national average
- Not only do you get to be a part of a well trusted institution, but you also get to enjoy the competitive rate on all balances!
- National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits)
- Easy withdrawals online, over the phone or with an ATM card
- Online and phone support
- Control of your money through our online banking portal or by speaking with one of our Banking Representatives.
- No minimum balance requirement or monthly service fee
- No matter how much you decide to put in, you will still receive the advertised rate
- Peace of mind through FDIC insured up to $250,000 per depositor, per insured bank, for each ownership category
Conclusion
To sum it up, Synchrony Bank is currently offering qualified residents nationwide a 2.25% APY rate along with a Savings Account with great features to benefit your financial health. The High Yield accounts makes banking a hassle free experience, giving you more control over your account than ever before. With features such as no minimum balance or monthly fees, what’s not to like? Unlike other banks, how much you decide to invest does not affect the great APY rate Synchrony Bank offers. So be sure to apply as soon as you can, as the rate will change without notice!
