Synchrony Bank vs. Wealthfront
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Synchrony BankHigh Yield Savings Jan 7, 2026 | WealthfrontCash Account Jan 7, 2026 |
|---|---|---|
| APY | 3.65% | 3.25% - 3.90% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$171 $10,000+$341 $25,000+$853 |
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 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Synchrony Bank vs. Wealthfront
As of Synchrony Bank offers an APY of 3.65% for its High Yield Savings account, with a minimum balance of $0, compared to Wealthfront's 3.90% APY for its Cash Account, with a minimum balance of $0.
Synchrony Bank pays $24 more than Wealthfront on a $10,000 balance after one year. Synchrony Bank pays $365, while Wealthfront pays $341 (with an effective APY of 3.41%) - an APY advantage for Synchrony Bank.
Why Synchrony Bank?
No distinct advantages found vs Wealthfront.
Why Wealthfront?
- ✓Higher potential APY (3.90% vs 3.65%) for a duration of 3 months
- ✓Higher rated Android app (4.9 vs 4.4)
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $341/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $912 vs $853/yr).
Best for Simplicity
WealthfrontWealthfront's Cash Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $24 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.
Executive Summary as of
Wealthfront offers a Cash Account with a competitive APY of 3.90%, making it the winner in this comparison. This account is online-only, requires no minimum deposit or balance, and has no maintenance fees, providing a straightforward savings option. However, new clients will receive the 3.90% APY for only three months, after which it drops to 3.25%. In contrast, Synchrony Bank's High Yield Savings account provides a slightly lower APY of 3.65%, but it maintains this rate consistently without promotional limitations. Both banks are FDIC-insured and do not require direct deposit, making them accessible savings options.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Synchrony Bank vs. Wealthfront Savings Calculator
You earn $22.5 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+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
Wealthfront
Cash Account
Promo Rate: 3.90% for 3 months, then 3.25%.
Savings Breakdown
- Interest Earned+$342.50(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,342.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Synchrony Bank | Wealthfront |
|---|---|---|
| APY | 3.65% Verified: 1/7/2026 ↘︎ 0.15%90d Change | 3.90% Range: 3.25% - 3.90% Verified: 1/7/2026 - |
| Product Name | High Yield Savings | Cash Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| 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 Android4.4 | iOS4.8 Android4.9 |
| 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 3.90% for 3 months, after which the 3.25% 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 | 3.65% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.3 | -19.4 |
Days Since Change | 50 | 19 |
2-Month High | 3.80% | 4.15% |
2-Month Low | 3.65% | 3.90% |
Adjustments / Mo | 0.55 | 0.55 |
Volatility Score | 0.011 | 0.030 |
How to read these metrics(Click to expand)
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