Chase Bank vs Synchrony Bank
High-Yield Savings Accounts Comparison

Last Updated: July 15, 2025

Summary of Chase Bank vs. Synchrony Bank

As of July 15, 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 an A- BBB rating, indicating good trustworthiness.
  • Chase Savings℠ requires no minimum deposit or balance to open.
  • Chase Bank has a high App Store rating of 4.8.

Potential Drawbacks

  • Chase Savings℠ offers a low APY of 0.01%, unchanged from 30 days ago.
  • Chase Bank charges a $5 maintenance fee unless 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.
  • Synchrony Bank has a higher Google Play rating of 4.6.

Potential Drawbacks

  • Synchrony Bank is not rated by the BBB, indicating less oversight.
  • Synchrony Bank operates online only, with no physical branches.
Summary: Chase Bank provides a trustworthy A- BBB rating and a user-friendly app, but offers a low APY of 0.01%. In contrast, Synchrony Bank features a much higher APY of 3.80% with no fees, although it lacks a BBB rating and is online-only. Customers seeking higher interest may prefer Synchrony, while those valuing trust and app usability may lean towards Chase.

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

Chase BankSynchrony Bank
ProductChase Savings℠vsHigh Yield Savings
APY
0.01% (as of 7/15/2025)3.80% (as of 7/15/2025)
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 6 Months)

Chase BankSynchrony Bank
ProductChase Savings℠vsHigh Yield Savings
Latest APY0.01 %3.80 %
TrendSidewaysSideways
Slope (bps/mo)0.0-4.5
Rate Changes / Mo0.000.36
Days Since Last Change16843
High (-6 m)0.01 %4.10 %
Low (-6 m)0.01 %3.80 %
Draw-down from High0.0 %-7.3 %
Volatility (CV)0.0000.023
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 6 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 (-6 m)
Highest APY in the last 168 days.
Low (-6 m)
Lowest APY in the last 168 days.
Draw-down from High
How far today sits below the 6-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