Synchrony Bank: Savings Accounts & Rates

Savings rates updated: 8/29/2025

Mission statement: Banksparency aims to make Synchrony Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

High Yield Savings: 3.80% APY(Rank 62 out of 81 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Stamford, Connecticut

Founded: 1932

Affiliation: Synchrony Financial

Deposit Insurance: FDIC Cert # 27314

BBB Rating: Not Rated

App Store Rating: 4.8/5

Google Play Rating: 4.5/5

Website: Visit Synchrony Bank

Our Take on Synchrony Bank

Highlights

Current APY of 3.80%, unchanged from 30 days ago.
No minimum deposit or balance requirements.
No maintenance fees associated with the account.
High App Store rating of 4.8.

Considerations

BBB rating is not available.
Online-only bank with no physical branches.
Direct deposit is not required, but may limit some users.
Google Play rating is lower at 4.5.

Summary: Synchrony Bank offers a high-yield savings account with a competitive APY of 3.80%, no minimum deposit, and no maintenance fees. However, it lacks a BBB rating and operates exclusively online, which may not suit everyone. While the App Store rating is strong at 4.8, the Google Play rating is slightly lower at 4.5. Overall, it is a solid choice for savers comfortable with online banking.

Savings Account: In-Depth View

Savings Account Offered by Synchrony Bank

Feature	High Yield Savings
APY	3.80% (as of 8/29/2025)
APY Trend	-0.20% QoQ
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Synchrony Bank

All calculations are based on APY.

Savings Product:

High Yield Savings (APY: 3.80%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,485.9 (9.60%)
Total contributions: $13,000 (83.95%)
Initial deposit: $1,000 (6.46%)

Your total balance

$15,485.90

Effective APY: 3.80% (based on your deposit and contributions)

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

Metric	High Yield Savings
Latest APY	3.80 %
Trend	Sideways
Slope (bps/mo)	-4.4
Rate Changes / Mo	0.27
Days Since Last Change	88
High (-7 m)	4.10 %
Low (-7 m)	3.80 %
Draw-down from High	-7.3 %
Volatility (CV)	0.027

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 7 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-7 m): Highest APY in the last 220 days.
Low (-7 m): Lowest APY in the last 220 days.
Draw-down from High: How far today sits below the 7-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Synchrony Bank's Savings Account

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.15% APY
Betterment - 4.00% APY
BMO Alto - 3.50% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.50% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 4.00% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.30% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.85% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 3.05% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.30% APY
Zynlo Bank - 4.35% APY

Feature	Synchrony Bank	Select a bank...
Product	High Yield Savings	N/A
APY	3.80% (as of 8/29/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Bank-to-Bank Comparisons

Compare Synchrony Bank's APY of 3.80% with other banks

Bank Pair	Best APY	Min Deposit
Synchrony Bank vs Ally Bank	3.50%	$0
Synchrony Bank vs American Express	3.50%	$0
Synchrony Bank vs Axos Bank	4.46%	$0
Synchrony Bank vs Bank of America	0.01%	$100
Synchrony Bank vs Barclays	4.10%	$0
Synchrony Bank vs Capital One	3.50%	$0
Synchrony Bank vs Chase Bank	0.01%	$0
Synchrony Bank vs Chime	3.75%	$0
Synchrony Bank vs CIT Bank	4.00%	$100
Synchrony Bank vs Discover Bank	3.50%	$0
Synchrony Bank vs Fitness Bank	4.85%	$100
Synchrony Bank vs Marcus by Goldman Sachs	3.65%	$0
Synchrony Bank vs Presidential Bank	4.50%	$5,000
Synchrony Bank vs SoFi Bank	3.80%	$0
Synchrony Bank vs UFB Direct	4.21%	$5000
Synchrony Bank vs Varo Bank	5.00%	$0
Synchrony Bank vs Wells Fargo	2.51%	$25