Synchrony Bank vs. Wealthfront
Wealthfront edges out Synchrony Bank slightly at 3.95% vs 3.50% APY. On a $10,000 balance, the difference is just $4 per year—so other factors may matter more.
The Bottom Line
The Synchrony Bank and Wealthfront savings accounts are very similar. Choose Synchrony Bank if you want a no-strings-attached account, or you want to avoid a promo rate with a scheduled drop.
Important Considerations
The key difference? Wealthfront's 3.95% rate includes a promotional bonus for the first 3 months, after which it reverts to the standard rate (currently 3.30%). Synchrony Bank's 3.50% rate has no scheduled drop, though all rates are subject to change.
| Metric | Synchrony BankHigh Yield Savings Feb 21, 2026 | WealthfrontCash Account Feb 21, 2026 |
|---|---|---|
| APY | 3.50% | 3.30% - 3.95% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$173 $10,000+$346 $25,000+$866 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.95% for 3 months, after which the 3.30% APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Synchrony Bank vs. Wealthfront
Executive Summary
Wealthfront offers a Cash Account with a competitive APY of 3.95%, making it the winner in this comparison. This account features no minimum deposit or maintenance fees, and it is online-only. However, new clients will receive the higher APY for the first three months, after which it drops to 3.30%. In contrast, Synchrony Bank provides a High Yield Savings account with an APY of 3.50%, also with no minimum deposit or fees, and is similarly online-only. Both accounts are FDIC-insured, ensuring safety for depositors.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Synchrony Bank?
No distinct advantages found vs Wealthfront.
Why Wealthfront?
- ✓Higher potential APY (3.95% vs 3.50%) for a duration of 3 months
- ✓Higher rated Android app (4.9 vs 4.5)
— Key Feature Differences —
Best for Simplicity
WealthfrontWealthfront's Cash Account offers 3.95% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $4 more interest on a $10,000 balance than Wealthfront's Cash Account.
*This comparison accounts for Wealthfront's introductory promotional rate, yet Synchrony Bank's standard rate still yields a higher 1-year return.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Synchrony Bank vs. Wealthfront Savings Calculator
You earn $2.5 more with Synchrony Bank than Wealthfront on a $10,000 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.
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
Wealthfront
Cash Account
Promo Rate: 3.95% for 3 months, then 3.30%.
Savings Breakdown
- Interest Earned+$347.50(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,347.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $345 per year in interest.
Both Synchrony Bank and Wealthfront dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Synchrony Bank | Wealthfront |
|---|---|---|
| APY | 3.50% Verified: 2/21/2026 ↘︎ 0.15%90d Change | 3.95% Range: 3.30% - 3.95% Verified: 2/21/2026 ↘︎ 0.20%90d Change |
| Product Name | High Yield Savings | Cash Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | Yes |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | F |
| Important Notes | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.95% for 3 months, after which the 3.30% APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Synchrony Bank | Wealthfront |
|---|---|---|
| High Yield Savings | Cash Account | |
Current APY | 3.50% | 3.95% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.4 | -8.6 |
Days Since Change | 25 | 22 |
3-Month High | 3.80% | 4.15% |
3-Month Low | 3.50% | 3.90% |
Adjustments / Mo | 0.60 | 0.60 |
Volatility Score | 0.021 | 0.028 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Synchrony Bank vs...
Comparing against Standard Savings
Compare Wealthfront vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.