Available to residents nationwide, Synchrony Bank High Yield Savings Account is offering an attractive 3.80% APY with no minimum requirement and no monthly fees!
Update 6/30/25: The rate has decreased to 3.80% APY (from 4.00%). Open an account
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 banking0 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.
| Balance Requirement | APY Rate |
| $0.01+ | 3.80% APY |
Synchrony Bank High Yield Savings Rate
Take advantage of the competitive rate from Synchrony Bank when you sign up for a new High Yield Savings Account. An optional ATM card and can be used at ATMs and for making purchases with a PIN.
- Learn More
- Account Type: High Yield Savings Account
- Interest Rate: 3.80% APY
- Availability: Nationwide
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Soft pull
- Opening Deposit: Any amount
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
You can link up to 5 external accounts
Synchrony Bank offers an ACH bank-to-bank transfer service that allows customers to link up to five accounts at other banks.
Up to 6 free withdrawals or transfers per statement cycle.
How to Earn Synchrony Bank Rate
- Open a High Yield Savings account from Synchrony Bank.
- Maintain any balance amount and earn the 3.80% APY rate.
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 competitive rate 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.
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
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.
