Pibank vs Synchrony Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Pibank vs. Synchrony Bank
As of September 5, 2025 Pibank offers an APY of 4.60% for its Pibank Savings account, with a minimum balance of $0.01, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
Pibank yields $80 more than Synchrony Bank on a $10,000 balance after one year. Pibank pays $460, while Synchrony Bank pays $380 - an APY advantage for Pibank.
Pibank
Strengths
- Pibank offers a higher APY of 4.60% compared to Synchrony Bank's 3.80%.
- No maintenance fees for Pibank's savings account.
- Pibank has no minimum deposit or balance requirements.
Potential Drawbacks
- Pibank's App Store rating is only 2.4, significantly lower than Synchrony Bank's 4.8.
- Pibank is not BBB accredited, while Synchrony Bank's rating is not available.
- Pibank has a lower Google Play rating of 1.8 compared to Synchrony Bank's 4.5.
Synchrony Bank
Strengths
- Synchrony Bank has a high App Store rating of 4.8.
- Synchrony Bank's Google Play rating is 4.5, indicating user satisfaction.
- No maintenance fees and no minimum balance required for Synchrony Bank.
Potential Drawbacks
- Synchrony Bank's APY is lower at 3.80% compared to Pibank's 4.60%.
- Synchrony Bank is not BBB rated, unlike Pibank which has an A rating.
- Synchrony Bank has no branch locations available.
Summary: Pibank offers a higher APY of 4.60% compared to Synchrony Bank's 3.80%, but lacks branch locations and has lower app ratings. Synchrony Bank excels in user satisfaction with ratings of 4.8 and 4.5 on App Store and Google Play, respectively, but does not have a BBB rating. Both banks have no maintenance fees and no minimum balance requirements, making them competitive options for high-yield savings accounts.
Compare Pibank's vs Synchrony Bank's Savings Accounts
| Pibank | Synchrony Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | High Yield Savings |
| APY | 4.60% (as of 9/5/2025) | 3.80% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 2.4/5 | 4.8/5 | |
| Google Play Rating | 1.8/5 | 4.5/5 | |
| BBB Rating | A | Not Rated |
Comparative Historical APY Insights (Last 7 Months)
| Pibank | Synchrony Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | High Yield Savings |
| Latest APY | 4.60 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -4.4 | |
| Rate Changes / Mo | 0.00 | 0.15 | |
| Days Since Last Change | 203 | 94 | |
| High (-7 m) | 4.60 % | 4.00 % | |
| Low (-7 m) | 4.60 % | 3.80 % | |
| Draw-down from High | 0.0 % | -5.0 % | |
| Volatility (CV) | 0.000 | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 203 days.
- Low (-7 m)
- Lowest APY in the last 203 days.
- Draw-down from High
- How far today sits below the 7-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 Pibank vs Synchrony Bank
All calculations are based on APY.
Pibank
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
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, Pibank's total earnings would be $519.9 higher than Synchrony Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Pibank's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Pibank vs Ally Bank | 3.50% | $0 |
| Pibank vs American Express | 3.50% | $0 |
| Pibank vs Axos Bank | 4.46% | $0 |
| Pibank vs Bank of America | 0.01% | $100 |
| Pibank vs Barclays | 4.10% | $0 |
| Pibank vs BrioDirect | 4.30% | $5,000 |
| Pibank vs Capital One | 3.50% | $0 |
| Pibank vs Chase Bank | 0.01% | $0 |
| Pibank vs Chime | 3.75% | $0 |
| Pibank vs CIT Bank | 4.00% | $100 |
| Pibank vs Discover Bank | 3.50% | $0 |
| Pibank vs Elevault | 4.60% | $0 |
| Pibank vs EverBank | 4.30% | $0 |
| Pibank vs Fitness Bank | 4.75% | $100 |
| Pibank vs FVCbank | 4.35% | $500 |
| Pibank vs GO2bank | 4.50% | $0 |
| Pibank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Pibank vs Neighbors Bank | 4.60% | $0 |
| Pibank vs Newtek Bank | 4.35% | $0 |
| Pibank vs Peak Bank | 4.35% | $100 |
| Pibank vs Presidential Bank | 4.50% | $5,000 |
| Pibank vs Santander Bank | 0.03% | $25 |
| Pibank vs SoFi Bank | 3.80% | $0 |
| Pibank vs TIMBR | 4.40% | $1,000 |
| Pibank vs UFB Direct | 4.21% | $5000 |
| Pibank vs Varo Bank | 5.00% | $0 |
| Pibank vs Wells Fargo | 2.51% | $25 |
| Pibank vs Zynlo Bank | 4.35% | $10 |