Bask Bank vs. Synchrony Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Bask Bank vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Bask Bank | Synchrony Bank |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 3.80% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
Bask Bank
Strengths
- Bask Bank offers a higher APY of 3.90% compared to Synchrony Bank's 3.80%.
- Bask Bank has a solid App Store rating of 4.7.
- No maintenance fees on the Interest Savings Account.
Potential Drawbacks
- Bask Bank's APY decreased from 4.05% in the last 30 days.
- Bask Bank has a BBB rating of B and is not accredited.
- Bask Bank has no physical branches.
Synchrony Bank
Strengths
- Synchrony Bank maintains a consistent APY of 3.80% over the last 30 days.
- Synchrony Bank has a higher App Store rating of 4.8.
- No maintenance fees on the High Yield Savings account.
Potential Drawbacks
- Synchrony Bank's APY is lower than Bask Bank's 3.90%.
- Synchrony Bank is not rated by the BBB and is not accredited.
- Synchrony Bank has no physical branches.
→ As of November 16, 2025 Bask Bank offers an APY of 3.90% for its Interest Savings Account, with a minimum balance of $0, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ Bask Bank yields $10 more than Synchrony Bank on a $10,000 balance after one year. Bask Bank pays $390, while Synchrony Bank pays $380 - an APY advantage for Bask Bank.
Calculate Savings Growth for Bask Bank vs Synchrony Bank
Bask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewSynchrony Bank - High Yield Savings
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, Bask Bank's total earnings would be $64.3 higher than Synchrony Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs Synchrony Bank's Savings Accounts
| Bask Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | High Yield Savings |
| APY | 3.90% (as of 11/16/2025) | 3.80% (as of 11/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.5/5 | |
| BBB Rating | B | Not Rated |
Comparative Historical APY Insights (Last 10 Months)
| Bask Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | High Yield Savings |
| Latest APY | 3.90 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.1 | -3.1 | |
| Rate Changes / Mo | 0.50 | 0.20 | |
| Days Since Last Change | 9 | 166 | |
| High (-10 m) | 4.50 % | 4.10 % | |
| Low (-10 m) | 3.90 % | 3.80 % | |
| Draw-down from High | -13.3 % | -7.3 % | |
| Volatility (CV) | 0.031 | 0.027 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 298 days.
- Low (-10 m)
- Lowest APY in the last 298 days.
- Draw-down from High
- How far today sits below the 10-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.