SuperMoney
  Synovus Bank Premium Money Market Account
Synovus Bank Premium Money Market Account Claimed

Synovus Bank Premium Money Market Account

Claimed
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Money Market Accounts.
CIT Bank Money Market Account
CIT Bank Money Market Account 6 reviews
Highlights
APY (Annual Percentage Yield) 0.05% - 0.2%
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit N/A

Synovus Bank Premium Money Market Account Review

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

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.2%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1000.
  • Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $10,000.
Pros & Cons of Synovus Bank Premium Money Market Account
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in 5 states.
  • Monthly service charge.
Synovus Bank Premium Money Market Account FAQ

Are money market accounts from Synovus Bank federally insured?

No, your Synovus Bank money market accounts are not insured by a federal insurance agency. This means that if Synovus Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Synovus Bank Premium Money Market Account rates?

Synovus Bank Premium Money Market Account offers an APY starting at 0.05% and ranging up to 0.2% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

Synovus Bank Premium Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.2%

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

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.

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

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

What is the minimum balance for Synovus Bank Premium Money Market Account?

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 $10,000.

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 Bank Premium Money Market Account offer?

This account includes the following features:

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.
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.

Availability

  Available in 5 states
  • Alabama
  • Florida
  • Georgia
  • South Carolina
  • Tennessee

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $10,000
Minimum Balance to Earn APY $1,000
Monthly Fee $0 - $15
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.05% - 0.2%

Be the first to rate

 

Would you recommend Synovus Bank Premium Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Synovus Bank Money Market Accounts

Loading...