Last Updated: 04/18/2025
Synovus Bank Premium Money Market Account
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in Money Market Accounts from Synovus Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.2%(Verified 06/21/2024)
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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, a bank founded in 1888 and based in Columbus, GA. Synovus Bank Premium Money Market Account are available in 5 states.
Key Takeaways
- Very high annual percentage yield (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 fee of up to $15, but the fee may be waived if you keep a minimum balance of$10,000.
Pros & Cons of Synovus Bank Premium Money Market Account
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Synovus Bank Premium Money Market Account FAQ
Are money market accounts from Synovus Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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 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.
| 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $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:
- Fraud monitoring - Synovus Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - Synovus Bank Premium Money Market Account 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 account is (888) 796-6887.
What is the support contact email?
The support contact email for this business credit card is info@firstlatitude.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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