Available nationwide, Synchrony Bank offers customers the chance to earn at a competitive rate of 2.90% APY on a 48-Month CD. Before I continue, you should keep in mind that this rate applies to 5-year CDs that are closed in 4 years, so there may be fees applied.
However, there are no monthly maintenance 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.
Table of Contents
Synchrony Bank CD Account Information
- Direct Link to Offer
- Account Type: CD Account
- APY Rate: See table below
- Availability: Nationwide
- CD Length: 4 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 4-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 2-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 Term||APY Rate|
|3-Month Term||0.75% APY|
|6-Month Term||1.00% APY|
|9-Month Term||1.25% APY|
|12-Month Term||2.00% APY|
|13-Month Term||2.00% APY|
|14-Month Term||2.00% APY|
|15-Month Term||2.00% APY|
|18-Month Term||2.00% APY|
|24-Month Term||2.10% APY|
|36-Month Term||2.10% APY|
|48-Month Term||2.10% APY|
|60-Month Term||2.15% APY|
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 for a 4-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!
The IHG® Rewards Traveler Credit Card offers 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening.
You'll earn up to 17X points total per $1 spent when you stay at an IHG hotel, 3X points per $1 spent on purchases at monthly bills, gas stations, and restaurants. 2X point per $1 spent on all other purchases.
This card has no annual fee or foreign transaction fees.