High-Yield Savings Account Comparison

Santander Bank vs. Synchrony Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Santander Bank

Santander Savings

0.01%
APY
Dec 6, 2025
FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$25
Min. Balance$0
Maintenance Fee$1
Compound FreqDaily
Direct DepositNot required
Branch AccessPrimarily in the Northeast and Miami, Florida
Deposit InsuranceFDIC Insured(Cert: 29950)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.0
BBB Rating
Not Rated(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.02%
Since 90 days ago
Read Bank Overview

Synchrony Bank

High Yield Savings

3.65%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 27314)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.5
BBB Rating
Not Rated(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.15%
Since 30 days ago
Read Bank Overview

Market Reality Check

Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.

See Top Rates

Comparison Analysis

Comparing Santander Bank vs. Synchrony Bank

Updated: Dec 6, 2025

Why Santander Bank?

  • ✓Physical branch access (Primarily in the Northeast and Miami, Florida)

Why Synchrony Bank?

  • ✓Higher potential APY (3.65% vs 0.01%) on all balances
  • ✓No checking account or direct deposit required
  • ✓Higher rated Android app (4.5 vs 4.0)

— Key Feature Differences —

Better Returns at $10,000
Synchrony Bank

Synchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $1/yr).

Better Returns at $25,000
Synchrony Bank

Synchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $913 vs $3/yr).

Best for Simplicity
Synchrony Bank

Synchrony Bank's High Yield Savings offers 3.65% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Synchrony Bank's High Yield Savings pays $364 more interest on a $10,000 balance than Santander Bank's Santander Savings.

Santander BankSynchrony Bank
Automated Data Audit

Executive Summary

Synchrony Bank offers a competitive High Yield Savings account with an attractive APY of 3.65%, significantly outpacing Santander Bank's Savings account, which yields only 0.01%. Synchrony's account has no minimum deposit or balance requirements, and it charges no maintenance fees, making it an appealing option for savers. Additionally, it is an online-only product, providing simplicity without the need for direct deposit. In contrast, Santander's Savings account requires a minimum deposit of $25 and has a maintenance fee of $1, which may deter some potential customers. Overall, Synchrony Bank stands out as the clear winner in terms of returns.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreSantander BankExploreSynchrony Bank

Top Market Contenders

See who beats both Santander Bank and Synchrony Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.95% vs Synchrony Bank
Better Rate
Pibank vs Santander BankPibank vs Synchrony Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.85% vs Synchrony Bank
Better Rate
Neighbors Bank vs Santander BankNeighbors Bank vs Synchrony Bank
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.66% vs Synchrony Bank
Better Rate
Axos Bank vs Santander BankAxos Bank vs Synchrony Bank
FeatureSantander BankSynchrony Bank
APY
0.01%
Verified: 12/6/2025
↘︎ 0.02%90d Change
3.65%
Verified: 12/6/2025
↘︎ 0.15%90d Change
Product NameSantander SavingsHigh Yield Savings
Minimum Deposit$25$0
Min. Balance for APY$0$0
Monthly Fee$1$0
Branch AccessYesNone
Account Type
Online & Branches
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.8
Android4.0
iOS4.8
Android4.5
BBB RatingNot RatedNot Rated
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Synchrony Bank earns $2,204 more than Santander Bank.

Santander Bank

Santander Savings

0.01% APY

Savings Breakdown

  • Interest Earned
    +$5.70(0.0%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$18,005.70

Effective APY
0.01%
View Details

Synchrony Bank

High Yield Savings

3.65% APY

Savings Breakdown

  • Interest Earned
    +$2,209.70(10.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,209.70

Effective APY
3.65%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricSantander BankSynchrony Bank
Santander SavingsHigh Yield Savings
Current APY
0.01%3.65%
Trend
 Stable Stable
Velocity (bps/mo)
-0.2-3.4
Days Since Change
7818
10-Month High
0.03%4.10%
10-Month Low
0.01%3.65%
Adjustments / Mo
0.090.28
Volatility Score
0.3750.031
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 318-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare Santander Bank vs...

Comparing against Standard Savings

vs Santander Bank
PibankNo Bundle Req
4.60%
APY
vs Santander Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Santander Bank
TIMBRNo Bundle Req
4.40%
APY

Compare Synchrony Bank vs...

Comparing against Standard Savings

vs Synchrony Bank
PibankNo Bundle Req
4.60%
APY
vs Synchrony Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Synchrony Bank
TIMBRNo Bundle Req
4.40%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare Santander Bank's APY of 0.01% with other banks
Bank PairCompetitor APYMin Deposit
Santander Bank vs Ally Bank3.30%$0
Santander Bank vs American Express3.40%$0
Santander Bank vs Axos Bank4.31%$0
Santander Bank vs Bank of America0.01%$100
Santander Bank vs Barclays4.00%$0
Santander Bank vs Bask Bank3.90%$0
Santander Bank vs BMO Alto3.25%$0
Santander Bank vs BrioDirect4.00%$5,000
Santander Bank vs Capital One3.40%$0
Santander Bank vs Chase Bank0.01%$0
Santander Bank vs Chime3.50%$0
Santander Bank vs CIT Bank3.75%$100
Santander Bank vs Citibank3.30%$0
Santander Bank vs Citizens Access™3.35%$0.01
Santander Bank vs Climate First Bank4.21%$50
Santander Bank vs Discover Bank3.40%$0
Santander Bank vs Elevault4.08%$0
Santander Bank vs EverBank4.05%$0
Santander Bank vs Fitness Bank4.75%$100
Santander Bank vs FNBO Direct3.00%$1
Santander Bank vs Forbright Bank4.00%$0
Santander Bank vs FVCbank3.85%$500
Santander Bank vs GO2bank4.50%$0
Santander Bank vs Ivy Bank4.25%$2,500
Santander Bank vs LendingClub4.20%$0
Santander Bank vs Marcus by Goldman Sachs3.65%$0
Santander Bank vs Neighbors Bank4.50%$0
Santander Bank vs Newtek Bank4.35%$0.01
Santander Bank vs Openbank4.20%$500
Santander Bank vs Peak Bank4.20%$100
Santander Bank vs Pibank4.60%$0
Santander Bank vs PNC3.53%$0
Santander Bank vs Presidential Bank4.00%$5,000
Santander Bank vs Quontic Bank3.75%$100
Santander Bank vs Salem Five Direct3.71%$10
Santander Bank vs SoFi Bank4.30%$0
Santander Bank vs TIMBR4.40%$1,000
Santander Bank vs UFB Direct3.71%$5000
Santander Bank vs Valley Direct4.10%$1,000
Santander Bank vs Varo Bank5.00%$0
Santander Bank vs Vio Bank4.16%$100
Santander Bank vs Wealthfront4.15%$0
Santander Bank vs Wells Fargo0.05%$25
Santander Bank vs Zynlo Bank4.05%$10
Compare Synchrony Bank's APY of 3.65% with other banks
Bank PairCompetitor APYMin Deposit
Synchrony Bank vs Ally Bank3.30%$0
Synchrony Bank vs American Express3.40%$0
Synchrony Bank vs Axos Bank4.31%$0
Synchrony Bank vs Bank of America0.01%$100
Synchrony Bank vs Barclays4.00%$0
Synchrony Bank vs Bask Bank3.90%$0
Synchrony Bank vs BMO Alto3.25%$0
Synchrony Bank vs BrioDirect4.00%$5,000
Synchrony Bank vs Capital One3.40%$0
Synchrony Bank vs Chase Bank0.01%$0
Synchrony Bank vs Chime3.50%$0
Synchrony Bank vs CIT Bank3.75%$100
Synchrony Bank vs Citibank3.30%$0
Synchrony Bank vs Citizens Access™3.35%$0.01
Synchrony Bank vs Climate First Bank4.21%$50
Synchrony Bank vs Discover Bank3.40%$0
Synchrony Bank vs Elevault4.08%$0
Synchrony Bank vs EverBank4.05%$0
Synchrony Bank vs Fitness Bank4.75%$100
Synchrony Bank vs FNBO Direct3.00%$1
Synchrony Bank vs Forbright Bank4.00%$0
Synchrony Bank vs FVCbank3.85%$500
Synchrony Bank vs GO2bank4.50%$0
Synchrony Bank vs Ivy Bank4.25%$2,500
Synchrony Bank vs LendingClub4.20%$0
Synchrony Bank vs Marcus by Goldman Sachs3.65%$0
Synchrony Bank vs Neighbors Bank4.50%$0
Synchrony Bank vs Newtek Bank4.35%$0.01
Synchrony Bank vs Openbank4.20%$500
Synchrony Bank vs Peak Bank4.20%$100
Synchrony Bank vs Pibank4.60%$0
Synchrony Bank vs PNC3.53%$0
Synchrony Bank vs Presidential Bank4.00%$5,000
Synchrony Bank vs Quontic Bank3.75%$100
Synchrony Bank vs Salem Five Direct3.71%$10
Synchrony Bank vs SoFi Bank4.30%$0
Synchrony Bank vs TIMBR4.40%$1,000
Synchrony Bank vs UFB Direct3.71%$5000
Synchrony Bank vs Valley Direct4.10%$1,000
Synchrony Bank vs Varo Bank5.00%$0
Synchrony Bank vs Vio Bank4.16%$100
Synchrony Bank vs Wealthfront4.15%$0
Synchrony Bank vs Wells Fargo0.05%$25
Synchrony Bank vs Zynlo Bank4.05%$10