It's at 100% if everybody recommends the provider, and at -100% when no one recommends. Synchrony Lowers CD Rates Again Aug 13, 2019 Synchrony Bank has lowered its CD rates again this morning. Their 1-year rate is now 2.45% from 2.50% and their 5-year CD is now 2.65% from 2.80%. Synchrony Bank offers a highly competitive 2.65% APY on their 13 Month Term CD. To get started, all you need is $2,000 minimum opening deposit. With this competitive rate that goes beyond the national average, watch your savings grow steadily with rates that won't fluctuate during the term you've chosen.
Synchrony Bank is an online bank that offers a variety of savings products, including certificates of deposit (CDs). Synchrony offers a wide range of CD terms. The minimum deposit for each CD is $2,000.
Synchrony is best for savers who are comfortable banking only online.
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Synchrony CD rates
No deposit bonuses 2020. Here's a closer look at Synchrony's CD rates.
Account name | Term | APY | Minimum deposit |
CD | 3 months | 0.15% | $2,000 |
CD | 6 months | 0.25% | $2,000 |
CD | 9 months | 0.35% | $2,000 |
CD | 12 months | 0.60% | $2,000 |
CD | 13 months | 0.60% | $2,000 |
CD | 14 months | 0.60% | $2,000 |
CD | 15 months | 0.60% | $2,000 |
CD | 18 months | 0.60% | $2,000 |
CD | 24 months | 0.65% | $2,000 |
CD | 36 months | 0.70% | $2,000 |
CD | 48 months | 0.70% | $2,000 |
CD | 60 months | 0.80% | $2,000 |
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Note: The APY (annual percentage yield) shown is as of Dec. 23, 2020. The APYs for some products may vary by region.
How Synchrony rates compare to top-yielding banks
Synchrony has the advantage of offering a wide variety of terms, but the interest rate it pays for CDs is slightly lower compared to some other high-yield CDs offered by other banks. That means you can easily set up a CD ladder, but might not earn as much as you otherwise could.
If you're looking to maximize the interest you earn, consider a CD with another bank, such as Delta Community Credit Union or VyStar Credit Union. Which bank offers the highest yields on CDs depends on the term. Shop around.
Synchrony Bank Cd Rates Ira
Other savings options at Synchrony
Synchrony also offers savings accounts and money market accounts.
Synchrony Bank Certificate Of Deposit
The money market account offers a lower interest rate than the bank's 12-month CD. Unless you value the flexibility that a money market accounts offer, the account isn't a great choice for savers seeking the highest rate.
Synchrony's savings account is a good option to earn a solid return without locking your money into a CD. The savings account currently offers higher rates than the bank's money market account and even the bank's 36-month CD. It also beats out the rates offered by many competitors, making it a good way to earn a solid return without locking your money into a CD.