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  Synchrony Bank High Yield Savings Account

Synchrony Bank High Yield Savings Account

in Savings Accounts from Synchrony Bank

Unaffiliated

Synchrony Bank High Yield Savings Account

Unaffiliated

in Savings Accounts from Synchrony Bank

SuperMoney Net Recommendation Score -50% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

1 user recommends
1 user is unsure
4 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
APY (Annual Percentage Yield) 2.25%
APY Minimum Balance $1
Monthly Fee $0
Number of Reviews 6

Synchrony Bank High Yield Savings Account Review

Synchrony Bank High Yield Savings Account is offered by Synchrony Bank, a bank founded in 1932 and based in Bridgewater, NJ. Synchrony Bank High Yield Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from Synchrony Bank federally insured?

Yes, your Synchrony Bank savings 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 APY does Synchrony Bank offer?

Synchrony Bank High Yield Savings Account offers an APY of 2.25% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does Synchrony Bank High Yield Savings Account offer?

This account includes the following features:

Synchrony Bank High Yield Savings Account Features
Description
Bank Account Features
  • ATM Reimbursement
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
  • Fraud monitoring - Synchrony Bank High Yield Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does Synchrony Bank High Yield Savings Account charge?

Synchrony Bank High Yield Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outoing international bank transfers come with a $25 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
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Availability

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

APY Minimum Balance $1
Minimum Initial Deposit $0
Early Account Closure $0
Monthly Fee $0
Paper Statement Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (Domestic) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $25
Bauer Financial A+/A Rating  
Bank Account Features
  • ATM Reimbursement
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 2.25%

Synchrony Bank High Yield Savings Account Community Reviews

 

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