Synchrony Bank: Savings Account & Rates
Mission: Banksparency aims to make Synchrony Bank's savings account 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 4.20% APY.
Bank Overview
- HQ LocationStamford, Connecticut
- Founded1932
- AffiliationSynchrony Financial
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 27314)
Our Take on Synchrony Bank
The Good
- Decent APY of 3.65%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.8, Android: 4.5)
Considerations
- No physical branch access (online only)
Synchrony Bank offers a High Yield Savings account with an attractive APY of 3.65%. This account has no minimum deposit or balance requirements, and there are no monthly maintenance fees. Additionally, there are no direct deposit requirements, making it accessible for various customers. However, please note that this is an online-only bank, so there is no physical branch access. The bank is also highly rated for its mobile apps, with scores of 4.8 for iOS and 4.5 for Android.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Synchrony Bank
| Feature | High Yield Savings |
|---|---|
APY | 3.65%Verified: 1/21/2026 |
APY Trend | Rate Adjusted -0.15% Since 90 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 12 Months| Metric | High Yield Savings |
|---|---|
Latest APY | 3.65% |
Trend | Sideways |
Slope (bps/mo) | -3.5 |
Rate Changes / Mo | 0.25 |
Days Since Last Change | 64 |
High (-12m) | 4.10% |
Low (-12m) | 3.65% |
Draw-down | -11.0% |
Volatility (CV) | 0.036 |
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 364-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: 1/21/2026 | - |
APY Trend | Rate Adjusted -0.15% Since 90 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
Ivy Bank
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High Plains Bank
High Yield Savings Account: 3.82% APY
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