Chase Bank vs Synchrony Bank
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Chase Bank vs. Synchrony Bank

As of June 20, 2025 Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account.

Synchrony Bank yields $379 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Synchrony Bank pays $380 - an APY advantage for Synchrony Bank.

Chase Bank

Strengths

  • Chase Bank has a solid BBB rating of A-.
  • Chase Savings℠ requires no minimum deposit or balance.

Potential Drawbacks

  • Chase Savings℠ offers a low APY of 0.01%, unchanged from 30 days ago.
  • Chase Bank charges a maintenance fee of $5 unless certain conditions are met.

Synchrony Bank

Strengths

  • Synchrony Bank's High Yield Savings offers a competitive APY of 3.80%, down from 4.00%.
  • Synchrony Bank has no maintenance fees.

Potential Drawbacks

  • Synchrony Bank is not rated by the BBB.
  • Synchrony Bank's High Yield Savings account is online-only.
Summary: Chase Bank offers a low APY of 0.01% for its savings account with a maintenance fee, while Synchrony Bank provides a much higher APY of 3.80% with no fees. However, Synchrony lacks a BBB rating and is online-only. Customers may prefer Chase for its strong BBB rating despite its lower interest rate and potential fees.

Compare Chase Bank's vs Synchrony Bank's Savings Accounts

Chase BankSynchrony Bank
ProductChase Savings℠vsHigh Yield Savings
APY
0.01% (as of 6/20/2025)3.80% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyNoYes
Compound Frequency
MonthlyDaily
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$5$0
Direct Deposit Required
NoNo
NoteAPY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.N/A
Visit BankChase Savings℠High Yield Savings
App Store Rating4.8/54.8/5
Google Play Rating4.5/54.6/5
BBB RatingA-Not Rated

Comparative Historical APY Insights (Last 5 Months)

Chase BankSynchrony Bank
ProductChase Savings℠vsHigh Yield Savings
Latest APY0.01 %3.80 %
TrendSidewaysSideways
Slope (bps/mo)0.0-3.5
Rate Changes / Mo0.000.42
Days Since Last Change14318
High (-5 m)0.01 %4.10 %
Low (-5 m)0.01 %3.80 %
Draw-down from High0.0 %-7.3 %
Volatility (CV)0.0000.019
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-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.

Calculate Savings Growth for Chase Bank vs Synchrony Bank

All calculations are based on APY.

Chase Bank

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

Synchrony Bank

APY: 3.80%

Total savings breakdown:

  • Interest earned: $38 (3.66%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.34%)

Your total balance

$1,038.00

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

Total balance: $1,038

Earnings: $38

Bank Details

After 1 year Chase Bank would earn you $37.9 less than Synchrony Bank.

More Comparisons

Compare Chase Bank's APY of 0.01% with other banks
Compare Synchrony Bank's APY of 3.80% with other banks