Bread Savings vs. Synchrony Bank
Bread Savings's High-Yield Savings Account pays 3.95% APY while Synchrony Bank's High Yield Savings pays 3.30% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Bread Savings pays $65 more than Synchrony Bank annually ($395 vs $330).
Choose Bread Savings if getting the best rate matters most.
| Metric | Bread SavingsHigh-Yield Savings Account Sep 5, 2026 | Synchrony BankHigh Yield Savings Sep 5, 2026 |
|---|---|---|
| APY | 3.95% | 3.30% |
Earns in a year | $5,000+$198 $10,000+$395 $25,000+$988 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min. Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Bread Savings vs. Synchrony Bank
Executive Summary
Bread Savings offers a High-Yield Savings Account with a competitive APY of 3.95%, making it the clear winner compared to Synchrony Bank's High Yield Savings account, which has an APY of 3.30%. Bread Savings's account does not require direct deposit and has no maintenance fees, providing a straightforward savings option. In contrast, Synchrony Bank also offers a Money Market Account and an IRA Money Market Account, both yielding 2.00%, but these are lower than the high-yield savings option. Bread Savings is available nationally, while Synchrony Bank's offerings are accessible in select states including Florida and Utah.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bread Savings?
- Higher potential APY (3.95% vs 3.30%) on all balances
- No checking account or direct deposit required
Why Synchrony Bank?
No distinct advantages found vs Bread Savings.
Key Feature Differences
Better Returns at $10,000
Bread SavingsBread Savings's High-Yield Savings Account earns more on smaller deposits (approx. $395 vs $330/yr).
Better Returns at $25,000
Bread SavingsBread Savings's High-Yield Savings Account pulls ahead with larger amounts (approx. $988 vs $825/yr).
Better for Simplicity
Bread SavingsBread Savings's High-Yield Savings Account offers 3.95% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Bread Savings's High-Yield Savings Account pays $65 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bread Savings vs. Synchrony Bank Savings Calculator
You earn $65 more with Bread Savings than Synchrony Bank 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.
Bread Savings
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$395.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,395.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $325 a year in interest.
Both Bread Savings and Synchrony Bank advertise far more than that typical branch-bank rate.
| Feature | Bread Savings | Synchrony Bank |
|---|---|---|
| APY | 3.95% Observed: 9/5/2026 0.05%90-day change | 3.30% Observed: 9/5/2026 0.10%90-day change |
| Product Name | High-Yield Savings Account | High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (UT) | 2 (FL, UT) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Bread Savings Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Bread Savings | Synchrony Bank |
|---|---|---|
| High-Yield Savings Account | High Yield Savings | |
Current APY | 3.95% | 3.30% |
Trend | Stable | Stable |
Speed of change | -0.04 | -0.05 |
Days Since Change | 78 | 79 |
12-Month High | 4.25% | 3.80% |
12-Month Low | 3.95% | 3.30% |
Changes per month | 0.50 | 0.33 |
Steadiness | 0.020 | 0.028 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 362-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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More Comparisons
Compare Bread Savings' APY of 3.95% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bread Savings vs Ally Bank | 3.00% | $0 |
| Bread Savings vs American Express | 3.00% | $0 |
| Bread Savings vs Axos Bank | 4.21% | $0 |
| Bread Savings vs Barclays | 3.65% | $0 |
| Bread Savings vs Capital One | 3.50% | $0 |
| Bread Savings vs Chime | 3.75% | $0 |
| Bread Savings vs CIT Bank | 3.75% | $100 |
| Bread Savings vs EverBank | 3.90% | $0 |
| Bread Savings vs Marcus by Goldman Sachs | 3.40% | $0 |
| Bread Savings vs Newtek Bank | 4.20% | $100 |
| Bread Savings vs Openbank | 3.80% | $500 |
| Bread Savings vs Pibank | 4.10% | $0 |
| Bread Savings vs SoFi Bank | 4.00% | $0 |
| Bread Savings vs Varo Bank | 3.75% | $0 |
| Bread Savings vs Wealthfront | 3.95% | $0 |