Synchrony Bank CD Reviews (Oct. 2020) | CD Accounts

Highlights
Minimum Initial Deposit	$2,000
Deposit Term	3 months 6 months 9 months 12 months 13 months 15 months 18 months 2 years 3 years 4 years 5 years
APY (Annual Percentage Yield)	0.25% - 1.40%

Synchrony Bank CD Review

Synchrony Bank CD is offered by Synchrony Bank, a bank founded in 1932 and based in Bridgewater, NJ. Synchrony Bank CD is available in 50 states (and Washington, DC).

Synchrony Bank CD FAQ

Are cd accounts from Synchrony Bank federally insured?

Yes, your Synchrony Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27314). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Synchrony Bank offer?

IRA
Traditional

What APY does Synchrony Bank offer on its CDs?

Synchrony Bank CD offers an APY starting at 0.25% and ranging up to 1.40% (APY stands for annual percentage yield, rates may change).

What types of terms does Synchrony Bank CD offer?

Synchrony Bank offers CD terms of the following lengths:

Synchrony Bank CD Rates & Terms
Description
APY (Annual Percentage Yield)	0.25% - 1.40%
APY Type	Fixed APY
3-Month APY	0.25%
6-Month APY	0.5%
11-Month APY	N/A
12-Month APY	1%
2-Year APY	1.1%
3-Year APY	1.25%
4-Year APY	1.3%
5-Year APY	1.4%
7-Year APY	N/A

What is the minimum deposit to open a CD account with Synchrony Bank?

Synchrony Bank CD requires a minimum initial deposit of $2,000 to open an account.

What types of early withdrawal penalties does Synchrony Bank CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Synchrony Bank does not charge an early withdrawal fee.

Synchrony Bank CD Fees
Description
Annual Fee	N/A
Transfer Fee	N/A
Rollover Fee	N/A
Early Withdrawal Fee Amount	N/A

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