Bank Of America vs. Synchrony Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Bank of America vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Bank of America | Synchrony Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.80% High Yield Savings |
| Minimum to Open | $100 | $0 |
| Minimum Balance for APY | $0 |
Bank of America
Strengths
- Bank of America has an A+ BBB rating, indicating strong trustworthiness.
- Bank of America offers a mobile app with a 4.8 rating on the App Store.
Potential Drawbacks
- The Advantage Savings account has a low APY of 0.01%, unchanged from 30 days ago.
- Bank of America charges an $8 monthly maintenance fee.
Synchrony Bank
Strengths
- Synchrony Bank's High Yield Savings account offers a competitive APY of 3.80%, stable over the last month.
- Synchrony Bank has no maintenance fees for its savings account.
Potential Drawbacks
- Synchrony Bank is not rated by the BBB, indicating potential trust concerns.
- The mobile app for Synchrony Bank has a slightly lower Google Play rating of 4.5.
→ As of October 14, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ Synchrony Bank yields $379 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Synchrony Bank pays $380 - an APY advantage for Synchrony Bank.
Calculate Savings Growth for Bank of America vs Synchrony Bank
Bank of America
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewSynchrony Bank
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,300.2 lower than Synchrony Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Synchrony Bank's Savings Accounts
| Bank of America | Synchrony Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| APY | 0.01% (as of 10/14/2025) | 3.80% (as of 10/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.5/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 8 Months)
| Bank of America | Synchrony Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| Latest APY | 0.01 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -3.6 | |
| Rate Changes / Mo | 0.00 | 0.23 | |
| Days Since Last Change | 259 | 134 | |
| High (-8 m) | 0.01 % | 4.10 % | |
| Low (-8 m) | 0.01 % | 3.80 % | |
| Draw-down from High | 0.0 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 259 days.
- Low (-8 m)
- Lowest APY in the last 259 days.
- Draw-down from High
- How far today sits below the 8-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.