Synchrony Bank: Savings Account & Rates
Mission: Banksparency aims to make Synchrony Bank's savings accounts transparent and comparable to the market.
Savings Overview
High Yield Savings
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.25% APY.
Bank Overview
- HQ LocationStamford, Connecticut
- Founded1932
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 27314)
Our Take on Synchrony Bank
Highlights
- High Yield Savings account offers 3.65% APY.
- No minimum deposit or balance requirements.
- No maintenance fees for any accounts.
- User-friendly mobile app with high ratings.
Considerations
- Lower APY compared to 30 days ago (3.80%).
- Not BBB Accredited, which may concern some customers.
Top Market Contenders
See how Synchrony Bank compares to the highest rates available.
Savings Account: In-Depth View
Savings Account Offered by Synchrony Bank
| Feature | High Yield Savings |
|---|---|
APY | 3.65%Verified: 12/6/2025 |
APY Trend | Rate Adjusted -0.15% Since 30 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Synchrony Bank
Savings Breakdown
- Interest Earned+$1,424.50(9.2%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,424.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Synchrony Bank Savings Rates Over Time
Historical APY Insights
Last 10 Months| Metric | High Yield Savings |
|---|---|
Latest APY | 3.65% |
Trend | Sideways |
Slope (bps/mo) | -3.4 |
Rate Changes / Mo | 0.28 |
Days Since Last Change | 18 |
High (-10m) | 4.10% |
Low (-10m) | 3.65% |
Draw-down | -11.0% |
Volatility (CV) | 0.031 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 318-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Synchrony Bank
| Feature | Current View Synchrony Bank | Empty Slot |
|---|---|---|
| Product | High Yield Savings | - |
APY | 3.65%Verified: 12/6/2025 | - |
APY Trend | Rate Adjusted -0.15% Since 30 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Synchrony Bank's APY of 3.65% with other banks
Alternatives to Synchrony Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Colorado Federal Savings Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $1
Online Only
Premier Savings: 4.05% APY
Minimum Deposit: $50,000
Online Only
TIMBR
Premium Savings Account: 4.40% APY
Minimum Deposit: $1,000
Online Only
Evergreen Bank Group
High-Yield Online Savings: 4.25% APY (Inactive)
Minimum Deposit: $100
Online Only
LendingClub
LevelUp Savings: 4.20% APY
Minimum Deposit: $0
Online Only
Zynlo Bank
Tomorrow Savings Account: 4.05% APY
Minimum Deposit: $10
Online Only
Affirm
Affirm Money Account: 3.60% APY
Minimum Deposit: $0
Online Only
Capital One
360 Performance Savings: 3.40% APY
Minimum Deposit: $0
TAB Bank
TAB Save: 3.80% APY
Minimum Deposit: $1,000
Online Only
PNC
Standard Savings: 0.03% APY
Minimum Deposit: $0
PNC High Yield Savings: 3.53% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Fitness Bank
Fitness Savings Account: 4.45% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 4.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only
CIT Bank
Platinum Savings: 3.75% APY
Minimum Deposit: $100
Online Only
Savings Connect: 3.65% APY
Minimum Deposit: $100
Online Only
Varo Bank
High-Yield Savings Account: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: Min. $1,000/month