Synchrony Bank’s High Yield Savings is offering 1.05% APY for all balances with interest rate compounded daily. It offers one of the best savings accounts on the internet along with a suite of other competitive online products. With the High Yield Savings account, there is no monthly fee as long as you keep a $30 minimum balance. Withdrawing money is simple whether you are doing it online, over the phone or with an optional ATM card. You can make six withdrawals per monthly statement cycle with your High Yield Savings account. Enjoy up to $250,000 of FDIC insurance per depositor, per insured bank, for each ownership category.
Formerly known as GE Capital Retail Bank, Synchrony Bank has close to $38 billion in assets with depository products such as CDs, high yield savings accounts, money market accounts, and IRA CDs. They operate under Optimizer+plus brand to become one of the most prominent online banks with some of the highest interest rates on the market. Synchrony Bank online banking provides a secure platform for customers to access and manage their accounts such as transaction history, transfer funds, pay bills, and open up new accounts.
Synchrony Bank High Yield Savings:
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- Rate: 1.05% APY
- Account Type: High Yield Savings
- Availability: Nationwide
- Expiration Date: None
- Hard Inquiry: Soft Pull.
- Opening Deposit Credit Card Funding: Unknown
- Monthly Fee: $5 monthly fee can easily be waived with a $30 minimum monthly balance.
- Additional Requirements: None
- Closing Account Fee: No
Why You Should Apply to Synchrony Bank:
Excellent Rate 1.05% APY: Synchrony Bank’s high-yield savings account offers one of the best online savings account rates with their 1.05% APY for all balances. This high interest rate is compounded daily and beats out even the best-known online savings accounts out there!
No Monthly Fee: Simply maintain a minimum balance of $30 or more to avoid the $5 monthly fee.
ATM Reimbursement: Not a lot, but the bank offers up to $5 in ATM fee reimbursements per statement cycle.
Free Identity Theft Resolution Services: You do most of your banking over the internet with the Optimizer Plus High Yield Savings. At no cost to you, Synchrony Bank offers full protection against identity theft for your peace of mind.
Easy Account Management: Operate mainly as an online bank, you get quick access to your cash online, over the phone, or with an optional ATM card. You can link your Synchrony account with outside accounts so that you can easily transfer money between these accounts.
Synchrony Bank’s High Yield Savings account is simple to open online in a matter of minutes with just your Social Security number and Driver’s License/Military ID/State ID Number. The High Yield savings account requires an almost negligible minimum balance of only $30 to avoid a monthly service charge. It’s FDIC insured for up to $250,000 and you are automatically enrolled in Optimizer Plus Perks(rewards customers based upon their account balance and how long their accounts have been open). Don’t forget to check our Best Savings Rates on the web! Sign up for Synchrony Bank’s High Yield Savings today!
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