Synchrony Bank vs. Valley Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
Synchrony Bank
High Yield Savings
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield Savings
Valley Direct
High-Yield Savings Account
Up to4.10%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRange: 3.50% – 4.10%Show Fine Print & Trends Hide Details
Valley Direct
High-Yield Savings Account
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.
Comparison Analysis
Comparing Synchrony Bank vs. Valley Direct
Why Synchrony Bank?
- ✓Available to New & Existing Customers
Why Valley Direct?
- ✓Higher potential APY (4.10% vs 3.65%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Valley DirectValley Direct's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $365/yr).
Better Returns at $25,000
Valley DirectValley Direct's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $913/yr).
Best for Simplicity
Valley DirectValley Direct's High-Yield Savings Account offers 4.10% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Valley Direct's High-Yield Savings Account pays $45 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
Executive Summary
Valley Direct offers a High-Yield Savings Account with a competitive APY of 4.10%, making it the winner compared to Synchrony Bank's High Yield Savings, which has an APY of 3.65%. Valley Direct's account is online-only and requires a minimum deposit of $1,000, while Synchrony Bank has no minimum deposit requirement. Additionally, the Valley Direct account is available at the promotional rate for new customers, while existing customers earn a lower APY of 3.50%. Both banks provide accounts with no maintenance fees and daily compounding interest.
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.
Top Market Contenders
See who beats both Synchrony Bank and Valley Direct.
| Feature | Synchrony Bank | Valley Direct |
|---|---|---|
| APY | 3.65% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 4.10% Range: 3.50% - 4.10% Verified: 12/6/2025 ↘︎ 0.20%90d Change |
| Product Name | High Yield Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $1,000 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.8 Android4.5 |
| BBB Rating | Not Rated | A+ |
| Important Notes | - | Promo rate for new customers. 3.50% APY applies to existing customers. |
| Next Steps |
Savings Comparison
Valley Direct earns $289.7 more than Synchrony Bank.
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
Valley Direct
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,499.40(12.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,499.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Synchrony Bank | Valley Direct |
|---|---|---|
| High Yield Savings | High-Yield Savings Account | |
Current APY | 3.65% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | 1.0 |
Days Since Change | 18 | 71 |
10-Month High | 4.10% | 4.40% |
10-Month Low | 3.65% | 3.75% |
Adjustments / Mo | 0.28 | 0.66 |
Volatility Score | 0.031 | 0.044 |
How to read these metrics(Click to expand)
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