Chase Bank vs. Synchrony Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Chase Bank vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Chase Bank | Synchrony Bank |
|---|---|---|
| Top Savings APY | 0.01% Chase Savings℠ | 3.80% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for APY | $0 | $0 |
Chase Bank
Strengths
- Chase Bank has a strong BBB rating of A-.
- Chase Bank offers a mobile app with a high App Store rating of 4.8.
- Chase Savings℠ has no minimum deposit or balance requirement.
Potential Drawbacks
- Chase Savings℠ has 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 offers a competitive APY of 3.80%, unchanged from 30 days ago.
- Synchrony Bank has no maintenance fees for its High Yield Savings account.
Potential Drawbacks
- Synchrony Bank is not rated by the BBB.
- Synchrony Bank's mobile app has a lower Google Play rating of 4.5.
Summary: Chase Bank provides a reliable A- BBB rating and a user-friendly app, but offers a low APY of 0.01% with potential fees. In contrast, Synchrony Bank boasts a significantly higher APY of 3.80% with no fees, though it lacks a BBB rating. Both banks have similar app ratings, but Chase's fee structure may deter some users.
→ As of October 14, 2025 Chase Bank offers an APY of 0.01% for its Chase 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.
→ 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.
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: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewSynchrony Bank
APY: 3.80%
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
Effective APY: 3.80% (based on your deposit and contributions)
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, Chase Bank'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 Chase Bank's vs Synchrony Bank's Savings Accounts
| Chase Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Chase 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 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $5 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY 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. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.5/5 | |
| BBB Rating | A- | Not Rated |
Comparative Historical APY Insights (Last 8 Months)
| Chase Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Chase 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 | 258 | 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.
More Comparisons
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.40% | $0 |
| Chase Bank vs American Express | 3.50% | $0 |
| Chase Bank vs Axos Bank | 4.51% | $0 |
| Chase Bank vs Bank of America | 0.01% | $100 |
| Chase Bank vs Barclays | 4.10% | $0 |
| Chase Bank vs BrioDirect | 4.20% | $5,000 |
| Chase Bank vs Capital One | 3.40% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 3.85% | $100 |
| Chase Bank vs Discover Bank | 3.40% | $0 |
| Chase Bank vs Elevault | 4.34% | $0 |
| Chase Bank vs EverBank | 4.05% | $0 |
| Chase Bank vs Fitness Bank | 4.75% | $100 |
| Chase Bank vs FVCbank | 4.10% | $500 |
| Chase Bank vs GO2bank | 4.50% | $0 |
| Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chase Bank vs Neighbors Bank | 4.50% | $0 |
| Chase Bank vs Newtek Bank | 4.35% | $0 |
| Chase Bank vs Peak Bank | 4.20% | $100 |
| Chase Bank vs Pibank | 4.60% | $0 |
| Chase Bank vs Presidential Bank | 4.50% | $5,000 |
| Chase Bank vs Santander Bank | 0.01% | $25 |
| Chase Bank vs SoFi Bank | 4.50% | $0 |
| Chase Bank vs TIMBR | 4.40% | $1,000 |
| Chase Bank vs UFB Direct | 3.96% | $5000 |
| Chase Bank vs Varo Bank | 5.00% | $0 |
| Chase Bank vs Wells Fargo | 0.05% | $25 |
| Chase Bank vs Zynlo Bank | 4.20% | $10 |