Synchrony Bank vs. Timbr
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Synchrony Bank vs. TIMBR
Key Metrics at a Glance
| Feature | Synchrony Bank | TIMBR |
|---|---|---|
| Top Savings APY | 3.80% High Yield Savings | 4.40% Premium Savings Account |
| Minimum to Open | $0 | $1,000 |
| Minimum Balance for Top APY | $0 | $0 |
Synchrony Bank
Strengths
- Synchrony Bank offers a competitive APY of 3.80%.
- No minimum deposit is required to open an account with Synchrony Bank.
- No maintenance fees for the High Yield Savings account.
Potential Drawbacks
- Synchrony Bank has a BBB rating of Not Rated.
- Only online banking is available; no physical branches exist.
- The app ratings are lower compared to TIMBR.
TIMBR
Strengths
- TIMBR offers a higher APY of 4.40% for its Premium Savings Account.
- TIMBR has an A+ BBB rating, indicating strong trustworthiness.
- No maintenance fees for the Premium Savings Account.
Potential Drawbacks
- A minimum deposit of $1,000 is required to open an account with TIMBR.
- Only online banking is available; no physical branches exist.
- The app ratings are lower than Synchrony Bank's ratings.
Summary: TIMBR offers a higher APY of 4.40% compared to Synchrony Bank's 3.80%. However, TIMBR requires a $1,000 minimum deposit, while Synchrony has no minimum. Synchrony Bank lacks a BBB rating, whereas TIMBR has an A+ rating, enhancing its trustworthiness. Both banks operate online only, with no branches, but Synchrony has better app ratings.
→ As of October 21, 2025 Synchrony Bank offers an APY of 3.80% for its High Yield Savings account, with a minimum balance of $0, compared to TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
→ TIMBR yields $60 more than Synchrony Bank on a $10,000 balance after one year. Synchrony Bank pays $380, while TIMBR pays $440 - an APY advantage for TIMBR.
Calculate Savings Growth for Synchrony Bank vs TIMBR
All calculations are based on APY.
Synchrony Bank - High Yield Savings
Top 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 OverviewTIMBR - Premium Savings Account
Top APY: 4.40%
Total savings breakdown:
- Interest earned: $2,694.7 (13.02%)
- Total contributions: $13,000 (62.82%)
- Initial deposit: $5,000 (24.16%)
Your total balance
$20,694.70
Effective APY: 4.40% (based on your deposit and contributions)
Total balance: $20,694.7
Earnings: $2,694.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Synchrony Bank's total earnings would be $388.8 lower than TIMBR's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Synchrony Bank's vs TIMBR's Savings Accounts
| Synchrony Bank | TIMBR | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Premium Savings Account |
| APY | 3.80% (as of 10/21/2025) | 4.40% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $1,000 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.8/5 | No | |
| Google Play Rating | 4.5/5 | No | |
| BBB Rating | Not Rated | A+ |
Comparative Historical APY Insights (Last 8 Months)
| Synchrony Bank | TIMBR | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Premium Savings Account |
| Latest APY | 3.80 % | 4.40 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.6 | -1.9 | |
| Rate Changes / Mo | 0.12 | 0.12 | |
| Days Since Last Change | 140 | 190 | |
| High (-8 m) | 4.00 % | 4.55 % | |
| Low (-8 m) | 3.80 % | 4.40 % | |
| Draw-down from High | -5.0 % | -3.3 % | |
| Volatility (CV) | 0.025 | 0.014 |
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 245 days.
- Low (-8 m)
- Lowest APY in the last 245 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 Synchrony Bank's APY of 3.80% with other banks
Compare TIMBR's APY of 4.40% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.40% | $0 |
| TIMBR vs American Express | 3.50% | $0 |
| TIMBR vs Axos Bank | 4.51% | $0 |
| TIMBR vs Bank of America | 0.01% | $100 |
| TIMBR vs Barclays | 4.10% | $0 |
| TIMBR vs Bask Bank | 4.05% | $0 |
| TIMBR vs BrioDirect | 4.20% | $5,000 |
| TIMBR vs Capital One | 3.40% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.50% | $0 |
| TIMBR vs CIT Bank | 3.85% | $100 |
| TIMBR vs Citizens Access™ | 3.50% | $0.01 |
| TIMBR vs Discover Bank | 3.40% | $0 |
| TIMBR vs Elevault | 4.34% | $0 |
| TIMBR vs EverBank | 4.05% | $0 |
| TIMBR vs Fitness Bank | 4.75% | $100 |
| TIMBR vs FNBO Direct | 3.00% | $1 |
| TIMBR vs FVCbank | 4.10% | $500 |
| TIMBR vs GO2bank | 4.50% | $0 |
| TIMBR vs LendingClub | 4.20% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Neighbors Bank | 4.50% | $0 |
| TIMBR vs Newtek Bank | 4.35% | $0 |
| TIMBR vs Peak Bank | 4.20% | $100 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs Presidential Bank | 4.50% | $5,000 |
| TIMBR vs Santander Bank | 0.01% | $25 |
| TIMBR vs SoFi Bank | 4.50% | $0 |
| TIMBR vs UFB Direct | 3.96% | $5000 |
| TIMBR vs Valley Direct | 4.10% | $1,000 |
| TIMBR vs Varo Bank | 5.00% | $0 |
| TIMBR vs Wells Fargo | 0.05% | $25 |
| TIMBR vs Zynlo Bank | 4.20% | $10 |