Synchrony Bank CD Account Review: 2.70% APY for 1-Year Term

Synchrony Bank offers customers the chance to earn at a competitive rate of 2.70% APY on a 12-Month CD. There are no fees applied to this account and it has a low minimum opening balance of $2,000.

To open a Synchrony Bank account, you must have a valid U.S. residence, a U.S. Social Security Number or a U.S. Tax Identification Number, and a U.S. Driver’s License, State Identification Number or Military ID. Open an account today and start earning interest.

Synchrony Bank CD Account Information

• Direct Link to Offer
  
• Account Type: CD Account
• APY Rate: See table below
• Availability: Nationwide
• CD Length: 1 years
• Soft/Hard Pull: Unknown
• Minimum Balance Requirement: $2,000
• Additional Requirements: Must have a valid U.S. residence, a U.S. Social Security Number or a U.S. Tax Identification Number, and a U.S. Driver’s License, State Identification Number or Military ID.
• Early Withdrawal Fee: A penalty will be imposed if you make a withdrawal of principal prior to the maturity date.
• Auto-Renewal: Unknown

Why You Should Apply for This Account

Award Winning Interest Rates: At this current APY, the 1-year CD account earns at one of the highest rates in the country for a short term CD. Furthermore, interest is compounded daily and credited monthly.

Choose Your Own Term Length: If you’re looking for a shorter or longer term CD, Synchrony Bank has 3- to 60- month terms so you can pick what suits you best.

Low Minimum Deposit: As long as you open your CD with at least $2,000, you will earn interest at one of the highest 1-year CD rates in the country.

FDIC Insured: You can feel confident in the bank knowing that your funds are insured up to the maximum amount of $250,000.

CD Rates

Bottom Line

As long as you have a valid U.S. residence, a U.S. Social Security Number or a U.S. Tax Identification Number, and a U.S. Driver’s License, State Identification Number or Military ID, you can sign up for Synchrony Bank’s online CD account. The bank offers a competitive rate of for a 1-year CD (see table above), and the account has no maintenance fees!

All you have to do is deposit at least $2,000 to get the account started. Sign up today and make the most out of your new high interest CD account. If you would rather compare rates from other banks, check out the HMB list of the Best CD Rates in the country!

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