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.

Does Synchrony Bank offer a signup bonus?

Synchrony Bank High Yield Savings Account has a signup bonus of $0.

What is the minimum balance for Synchrony Bank High Yield Savings Account?

What APY does Synchrony Bank offer?

Synchrony Bank High Yield Savings Account offers an APY of 1.30% (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.

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.