MutualOne Bank vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Synchrony BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.65% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $20,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing MutualOne Bank vs. Synchrony Bank
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
MutualOne Bank pays $42 more than Synchrony Bank on a $10,000 balance after one year. MutualOne Bank pays $407, while Synchrony Bank pays $365 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.65%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Fast transfers via Zelle®
Why Synchrony Bank?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $912/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $42 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
MutualOne Bank offers a competitive Mo Premium Savings account with a leading APY of 4.07%, making it the top choice for savers looking for higher returns on deposits of $20,000 or more. This account has no direct deposit requirements or maintenance fees, and it compounds monthly. In contrast, Synchrony Bank provides a High Yield Savings account with a lower APY of 3.65%, appealing for those who prefer a zero minimum deposit and daily compounding. While both accounts are online-only and FDIC insured, MutualOne Bank stands out for its higher yield, particularly for larger balances.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
MutualOne Bank vs. Synchrony Bank Savings Calculator
You earn $84 more with MutualOne Bank than Synchrony Bank on a $20,000 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.
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$730.00(3.5%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,730.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Synchrony Bank |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.65% Verified: 1/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Mo Premium Savings | High Yield Savings |
| Minimum Deposit | $20,000 | $0 |
| Min. Balance for APY | $20,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.4 | iOS4.8 Android4.4 |
| Zelle® Support | Available Verified via website and app descriptions. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at MutualOne Bank 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 | MutualOne Bank | Synchrony Bank | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | High Yield Savings | |
Current APY | 0.40% | 4.07% | 3.65% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -5.9 |
Days Since Change | 114 | 114 | 50 |
4-Month High | 0.40% | 4.07% | 3.80% |
4-Month Low | 0.40% | 4.07% | 3.65% |
Adjustments / Mo | 0.00 | 0.00 | 0.26 |
Volatility Score | 0.000 | 0.000 | 0.020 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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