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Synchrony Bank CD
in CD Accounts from Synchrony Bank · fdic
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Synchrony Bank CD

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in CD Accounts from Synchrony Bank · Member FDIC
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Highlights
Minimum Opening Deposit Starting at $2,000
Certificate 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) 0.15% - 0.80%

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).

Key Takeaways
  • Small selection of CD account types. Synchrony CD only offers traditional and IRA CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.80%, which is much higher than the national average for a CD account.
  • $2,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Synchrony CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Synchrony Bank CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • There isn't a no-penalty CD option.
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?

Synchrony CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Synchrony CD offers a CD that is specifically for retirement.

What CD rates does Synchrony Bank offer on its CDs?

Synchrony CD offers an APY starting at 0.15% and ranging up to 0.80%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Synchrony CD offer?

Synchrony Bank offers CD terms of the following lengths:
Synchrony Bank CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.15% - 0.80%
3-Month APY 0.15%
6-Month APY 0.25%
12-Month APY 0.60%
2-Year APY 0.65%
3-Year APY 0.70%
4-Year APY 0.70%
5-Year APY 0.80%

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

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

What is the grace period for Synchrony CD?

There is a 10-day grace period for Synchrony CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Synchrony CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Synchrony Bank does not charge an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Synchrony Bank

Earn more by locking in your rate. Think of a vault, where your money stays safe for a specific period of time—but can also earn interest while it’s protected. That’s a good start to understanding CDs. Open your CD and fund within 15 calendar days, and if the rate is higher on the day you fund, we’ll give you the best rate. We’re a member of the FDIC and our accounts are FDIC insured.

Contact

Hours of Operation

  • Sunday 8:00am - 12:00am
  • Monday 8:00am - 12:00am
  • Tuesday 8:00am - 12:00am
  • Wednesday 8:00am - 12:00am
  • Thursday 8:00am - 12:00am
  • Friday 8:00am - 12:00am
  • Saturday 8:00am - 12:00am

Other Services by Synchrony Bank

CareCredit

Amazon.com Store Card

Banana Republic Visa Card

GapCard Visa Credit Card

ABC Warehouse Credit Card

ABT Credit Card

America's Tire

American Eagle Visa

American Signature Furniture Credit Card

Ariens Credit Card

Art Van Credit Card

Ashley Furniture Credit Card

Athleta Visa Card

Grossman's Bargain Outlet Credit Card

Belk Elite Rewards MasterCard

Bernina Credit Card

Big Sandy Superstore Credit Card

Bomgaars Credit Card

BP Credit Card

Carpet One Floor & Home Credit Card

Techron Advantage Visa Card

City Furniture Credit Card

Conoco Drive Savvy Rewards Credit Card

Crate & Barrel Mastercard

Design Within Reach Credit Card

Mattress Firm Credit Card

DX Engineering Supercard

Electronic Express Credit Card

Evine Credit Card

Flooring America Credit Card

Old Navy Credit Card

Lowe's Advantage Card

JC Penney Credit Card

TJX Rewards Credit Card

Sam's Club Mastercard

Cathay Pacific Visa Signature Card

Guitar Center Gear Card

Google Store Financing

Sam Ash Credit Card

Vintage King Credit Card

Synchrony Car Care™ Credit Card

Freedom To Ride Credit Card

At Home Credit Card

At Home MasterCard

Jewelry Exchange Credit Card

1800Mattress Credit Card

Husqvarna Credit Card

Hudson's Furniture

Levin Furniture Credit Card

La-Z-Boy Furniture Galleries Credit Card

Lumber Liquidators Credit Card

MAACO Credit Card

Morris Furniture Company Credit Card

Mohawk Flooring Credit Card

Midas Credit Card

Meineke Credit Card

Men's Wearhouse Perfect Fit Credit Card

McCoy's Building Supply Credit Card

Nautilus Credit Card

NAPA EasyPay Credit Card

Pep Boys Credit Card

REEDS Jewelers Credit Card

Sleep Experts Credit Card

Sewing & More Credit Card

Specialized Bicycle Components Credit Card

System Pavers Credit Card

Sweetwater Card

Sutherlands Credit Card

Summit Racing Equipment Speed Card®

Stein Mart Credit Card

Stein Mart Platinum MasterCard®

The Container Store Credit Card

Tire Pros® Preferred Customer Credit Card

Value City Furniture Credit Card

Westrich Furniture & Appliances Credit Card

Sheely's Furniture Credit Card

Airport Home Appliance & Mattress

Kiesel Guitars Credit Card

Karastan Credit Card

Mathis Brothers Furniture Credit Card

Mitsubishi Electric Credit Card

Hannoush Jewelers Credit Card

Woodwind & Brasswind Credit Card

Town Fair Credit Card

Tuffy Tire & Auto Service Credit Card

B&H Store Credit Card

B&H payboo Credit Card

Briggs & Stratton® Card

QVC Credit Card

Rooms To Go Credit Card

RiteRug Flooring Credit Card

Precision Tune Credit Card

Regency Furniture Showrooms Credit Card

P. C. Richard & Son Credit Card

Sleep Number Credit Card

Discount Tire Credit Card

Dick's Sporting Goods ScoreRewards Mastercard

Synchrony Car Care

Infiniti Visa Card

Infiniti Visa Signature Card

Nissan Visa Card

Nissan Visa Signature Card

LensCrafters Credit Card

Musician's Friend Platinum Card

Conoco Gas Credit Card

Synchrony Premier World Mastercard

eBay Mastercard®

myWalgreens Mastercard

Rakuten Cash Back Visa Signature® Credit Card

Verizon Visa® Card

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $2,000
APY (Annual Percentage Yield) 0.15% - 0.80%
3-Month APY 0.15%
6-Month APY 0.25%
12-Month APY 0.60%
2-Year APY 0.65%
3-Year APY 0.70%
4-Year APY 0.70%
5-Year APY 0.80%
CD Accounts
  • IRA
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 13 months
  • 15 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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