Capital One vs. Synchrony Bank
Comparing Capital One and Synchrony Bank for high-yield savings: Capital One's 360 Performance Savings pays 3.20% APY while Synchrony Bank's High Yield Savings pays 3.40% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Synchrony Bank pays $20 more than Capital One annually ($340 vs $320).
Choose Capital One if you value in-person banking, or you want Zelle for quick transfers. Choose Synchrony Bank if getting the best rate matters most.
| Metric | Capital One360 Performance Savings Apr 21, 2026 | Synchrony BankHigh Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.20% | 3.40% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$170 $10,000+$340 $25,000+$850 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Comparison Analysis
Comparing Capital One vs. Synchrony Bank
Executive Summary
Synchrony Bank offers a competitive High Yield Savings account with an APY of 3.40%, making it the winner in this comparison. This account, which is online-only, features no minimum deposit, no maintenance fees, and compounds daily, providing better returns, especially for larger deposits. In contrast, Capital One's 360 Performance Savings account offers a slightly lower APY of 3.20% with similar terms, including no minimum deposit and no maintenance fees. Both accounts do not require direct deposit, but Synchrony Bank stands out for its higher yield and simplicity.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why Synchrony Bank?
- ✓Higher potential APY (3.40% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $340 vs $320/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $850 vs $800/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $20 more interest on a $10,000 balance than Capital One's 360 Performance Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Capital One vs. Synchrony Bank Savings Calculator
You earn $20 more with Synchrony Bank than Capital One on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $319 per year in interest.
Both Capital One and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Capital One | Synchrony Bank |
|---|---|---|
| APY | 3.20% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 3.40% Verified: 4/21/2026 ↘︎ 0.25%90d Change |
| Product Name | 360 Performance Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,500/dayAvailable for 360 Checking accounts. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Capital One Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Synchrony Bank |
|---|---|---|
| 360 Performance Savings | High Yield Savings | |
Current APY | 3.20% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -4.2 |
Days Since Change | 40 | 0 |
12-Month High | 3.60% | 4.00% |
12-Month Low | 3.20% | 3.40% |
Adjustments / Mo | 0.33 | 0.33 |
Volatility Score | 0.037 | 0.042 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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