Synchrony Bank CD rates

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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.Synchrony Bank earned 4.2 out of 5 stars.Synchrony CD ratesHere’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

Note: The APY (annual percentage yield) shown is as of Nov. 23, 2020. The APYs for some products may vary by region.How Synchrony rates compare to top-yielding banksSynchrony 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.Other savings options at SynchronySynchrony also offers savings accounts and money market accounts.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.

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