Available to residents nationwide, Synchrony Bank High Yield Savings Account is offering an attractive 1.70% APY. To learn more about this rate, be sure to continue reading below!
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About Synchrony Bank High Yield Savings
Being a prominent online bank, Synchrony Bank offers a vast array of products and services to serve all your banking needs. In addition, 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.
With a suite of competitive online services and features, you are able to get the most out of your personal finances. Additionally, your account is ensured up to $250,000 of FDIC insurance per depositor, per insured bank, for each ownership category.
I’ll review Synchrony Bank High Yield Savings below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
Synchrony Bank High Yield Savings 1.70% APY
Take advantage of the current 1.70% APY rate from Synchrony Bank when you sign up for a new High Yield Savings Account and meet the deposit requirement.
- Account Type: High Yield Savings Account
- Interest Rate: 1.70% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft pull, which does not affect your credit
- Opening Deposit: Any amount
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
American Express Personal Savings Account - You earn 1.70% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses. |
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| PROMOTIONAL LINK | RATE | REVIEW |
| Discover Bank Online Savings | 1.60% APY + $200 Cash | Review |
| Simple | 1.90% APY | Review |
| CIT Bank Savings Builder | 1.75% APY + $150/$300 Bonus | Review |
| UFB Direct High Yield Savings | 1.90% APY | Review |
| Betterment EverydayTM Cash Reserve | 1.83% APY | Review |
| American Express High Yield Savings | 1.70% APY | Review |
ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Synchrony Bank Rate
- Open a High Yield Savings account from Synchrony Bank.
- Maintain any balance amount and earn the 1.70% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 1.70% APY |
Why You Should Apply to Synchrony Bank
- Excellent APY Rate: Synchrony Bank’s high-yield savings account offers one of the best online savings account rates with their 1.70% 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: No minimum balance or monthly service fee to worry about
- 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.
Bottom Line
Definitely take a look at Synchrony Bank’s High Yield Savings Account for this attractive rate! The fact remains that Synchrony Bank is an industry financial institution on the digital frontier while offering fantastic promotions and services.
For those who has had any experiences with the bank, definitely let us know in the comment section below!
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Synchrony Bank’s High Yield Savings Account.
I’ve had synchrony high yield savings for a few years now. I researched banks but I ended up with them because of their ATM card. No other bank I saw offered this. So the flexibility is what brought me to them. The APY has been great, I have averaged over $500/year in interest. Something you will NEVER get at the brick and mortar stores because the APY is abysmal. At least with this bank your money is working for you, yeah barely with inflation, but hey, it’s light-years better than what you’d get with anything else. The ATM card is the icing on the cake. You can wire money, or if in a pinch, withdraw money at the ATM. That is what an emergency fund is supposed to do, give you quick access without having to wait 3 days for the money.
I love this saving account. You can’t beat that there are NO FEE”S NO MIN and such a rate. I have set up a direct deposit from my job and don’t even thing about it until I set my statement and see that my money has grown. I had no issues setting up the account. I get a debt card in case I want to make a withdraw. But I don’t. This account is for us little people that are able to put a few dollars away every week. It’s about time a bank helps out us little people grow and not for the rich. If you can sock away even $10 bucks a week, you’ll see your money grow. It’s a guaranty win. This is just my two cents, and with synchrony my next statement it will be three cents ..LOL You have nothing to lose an so much to gain.
How long did it take fo them to ok your account after applying on line . They were going to do 2 small deposits to my checking account that I need to verify. That was Satury that I did th account.
There’s no requires minimum balance for a fee waiver, I believe.
No monthly fee. I don’t see anything mentioned about maintaining a $30 balance to avoid the fee.
Seriously, worst experience ever trying to open an account with them. After they returned my check, it took four phone calls to get someone who understood what was going on — and the customer service associate hung up on me when I asked too many questions that she wasn’t sure how to answer (ie. If I want to cash out my CD at the end of the term, what is the period of time prior to expiration I need to notify?). I give up. I will have to take a lower rate of return at a bank with whom I can communicate. Zero for five cannot statistically be merely bad luck.
I have been with synchrony for several months now and really like the higher than average interest rates. i will be moving from syncrony though because I am committed to having mint.com act as a dashboard for all my accounts and synchrony has removed the ability to aggregate my account on the mint.com site.
That is not smart, mint is awful. You will find out. I have had so many issues with mint.com, I am leaving them. Why give up money for a failing aggregator?