Synchrony Bank Money Market Account
Synchrony Bank Money Market Account
in Money Market Accounts from Synchrony Bank · Member FDIC

Synchrony Bank Money Market Account

in Money Market Accounts from Synchrony Bank · Member FDIC
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APY (Annual Percentage Yield) 0.35%
(Verified 08/04/2023)
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $5,000

Synchrony Bank Money Market Account Review

Synchrony Bank Money Market Account is offered by Synchrony Bank, a bank founded in 1932 and based in Bridgewater, NJ. Synchrony Bank money market are available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • High minumum opening deposit. You must deposit a minimum of $5,000, which is high compared to most money market accounts.

Pros & Cons of Synchrony Bank Money Market Account

Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Free debit card
  • Deposit checks remotely.
  • No signup bonus.

Synchrony Bank Money Market Account FAQ

Are money market accounts from Synchrony Bank federally insured?

Yes, your deposits 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 are the interest rates for Synchrony Bank money market rates?

Synchrony Bank Money Market Account Rates and Terms
Rates Amount
APY 0.35%

Synchrony Bank money market offers an APY of up to 0.35% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.01.

What are the fees for Synchrony Bank Money Market Account?

Synchrony Bank Money Market Account does not charge a monthly maintenance fee.

Synchrony Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Synchrony Bank money market?

Minimum deposit of $5,000. You must make an initial deposit of at least $5,000 to open this account.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Synchrony Bank money market offer?

This account includes the following features:

  • Check Writing - Synchrony Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - Synchrony Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Synchrony Bank money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this account is (866) 226-5638.

What is the support contact email?

The support contact email for this business credit card is

How to open an account with Synchrony Bank

  • Visit the Synchrony Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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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 Store 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

Home Outlet Credit Card

Belk Elite Rewards MasterCard

Bernina Credit Card

Big Sandy Superstore Credit Card

Bomgaars Credit Card

BPme Rewards Visa

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

The Driven Brands 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

Verizon Visa® Card

Conoco® Credit Card

Synchrony Premier World Mastercard

eBay Mastercard®

myWalgreens Mastercard

Rakuten Cash Back Visa Signature® Credit Card


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $5,000
Monthly Maintenance Fee $0
(Verified 08/04/2023)
Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.35%
(Verified 08/04/2023)
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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