Synchrony Bank vs. TD Bank
Synchrony Bank's High Yield Savings pays 3.30% APY while TD Bank's TD Signature Savings pays 2.50% APY.
Note: TD Bank's TD Signature Savings also needs a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Synchrony Bank pays $329 more than TD Bank annually ($330 vs $1).
Choose Synchrony Bank if getting the best rate matters most, or you want a no-strings-attached account. Choose TD Bank if you value in-person banking.
Important Considerations
TD Bank's TD Signature Savings pays its top rate only if you also open a checking account with TD Bank, while Synchrony Bank's High Yield Savings stands alone.
| Metric | Synchrony BankHigh Yield Savings Sep 11, 2026 | TD BankTD Signature Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.30% | 0.01% - 2.50% |
Earns in a year | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. The stated APY is available when you link an eligible TD account and have a minimum balance of $100,000. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessChecking Bundle |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Synchrony Bank vs. TD Bank
Executive Summary
Synchrony Bank offers a High Yield Savings account with a competitive APY of 3.30%, making it a strong choice for savers. This online-only account does not require a minimum deposit and has no maintenance fees, appealing to a wide audience. In contrast, TD Bank's Signature Savings account provides a maximum APY of 2.50%, but this is contingent on linking an eligible TD account and maintaining a minimum balance of $100,000. While TD Bank offers a traditional banking experience, Synchrony Bank stands out with its higher yield and accessibility.
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?
- Higher potential APY (3.30% vs 2.50%) on all balances
- No checking account or direct deposit required
- Higher rated Android app (4.6 vs 4.2)
Why TD Bank?
- Physical branch access (Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC)
Key Feature Differences
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $330 vs $1/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $825 vs $3/yr).
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $329 more interest on a $10,000 balance than TD Bank's TD Signature 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
Synchrony Bank vs. TD Bank Savings Calculator
You earn $325 more with Synchrony Bank than TD 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.
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
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Synchrony Bank | TD Bank |
|---|---|---|
| APY | 3.30% Observed: 9/11/2026 0.10%90-day change | 2.50% Range: 0.01% - 2.50% Observed: 9/11/2026 Stable over 90 days |
| Product Name | High Yield Savings | TD Signature Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $100,000 |
| Monthly Fee | $0 | $10. Waived under some circumstances. |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 2 (FL, UT) | 1,051 (CT, DC, DE, FL, MA, MD, ME, NC (+8 more)) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | Not Rated |
| Important Notes | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. The stated APY is available when you link an eligible TD account and have a minimum balance of $100,000. |
| Next Steps | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site | Visit SiteVerify at TD Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Synchrony Bank |
|---|---|
| High Yield Savings | |
Current APY | 3.30% |
Trend | Stable |
Speed of change | -0.02 |
Days Since Change | 85 |
7-Month High | 3.40% |
7-Month Low | 3.30% |
Changes per month | 0.14 |
Steadiness | 0.013 |
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 216-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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Compare Synchrony Bank's APY of 3.30% with other banks
Compare TD Bank's APY of 2.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TD Bank vs Ally Bank | 3.00% | $0 |
| TD Bank vs American Express | 3.00% | $0 |
| TD Bank vs Axos Bank | 4.21% | $0 |
| TD Bank vs Barclays | 3.65% | $0 |
| TD Bank vs Capital One | 3.50% | $0 |
| TD Bank vs Chime | 3.75% | $0 |
| TD Bank vs CIT Bank | 3.75% | $100 |
| TD Bank vs EverBank | 3.90% | $0 |
| TD Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| TD Bank vs Newtek Bank | 4.20% | $100 |
| TD Bank vs Openbank | 3.80% | $500 |
| TD Bank vs Pibank | 4.10% | $0 |
| TD Bank vs SoFi Bank | 4.00% | $0 |
| TD Bank vs Varo Bank | 3.75% | $0 |
| TD Bank vs Wealthfront | 3.95% | $0 |