Synovus Bank Signature Money Market Account

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Highlights
APY (Annual Percentage Yield)	0.03% - 0.05%
Minimum Balance to Earn APY	$1,000
Minimum Opening Deposit	N/A

Synovus Bank Signature Money Market Account Review

Synovus Bank Signature Money Market Account is offered by Synovus Bank, a bank founded in 1888 and based in Columbus, GA. Synovus Bank Signature Money Market Account are available in 5 states across the USA.

Key Takeaways

Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.05.
Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.

Pros & Cons of Synovus Bank Signature Money Market Account

Pros	Cons
Does not offer mobile check deposits. Access to physical branches. Free debit card	No signup bonus. Only available in 5 states. Monthly service charge.

Synovus Bank Signature Money Market Account FAQ

Are money market accounts from Synovus Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #873). 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 Synovus money market rates?

Synovus money market offers an APY starting at 0.03% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

Synovus money market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.03% - 0.05%

What are the fees for Synovus Bank Signature Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

Synovus Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Synovus Bank Signature Money Market Account Fees
Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for Synovus money market?

No minimum initial deposit. Synovus Bank does not require a minimum initial deposit to open an account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Synovus money market offer?

This account includes the following features:

Fraud monitoring - Synovus Bank monitors transactions for potentially fraudulent activity.
Mobile Banking Services - Synovus money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (706) 649-2311.

What is the support contact email?

The support contact email for this business credit card is info@synovus.com.

How to open an account with Synovus Bank

Visit the Synovus 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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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.