Synchrony Bank 2026 Review

Mat C.
Written by Mat C.
Managing Editor & Senior Developer
Mika L.
Edited by Mika L.
Financial Content & Editor

Synchrony Bank4.6/5

Rate (APY)
4.35% APY
Term
5 years
Minimum Deposit
$0
Promotion
N/A
Apply Now →on Synchrony Bank's website

The standout feature here is Synchrony Bank's no minimum deposit requirement, making it an excellent choice for those who want to start saving without a large upfront investment. Their competitive rates for longer terms also provide a solid option for savers looking to lock in their earnings.

Pros:

  • No minimum deposit
  • Competitive long-term rates

Cons:

  • Potential early withdrawal penalties

In conclusion, Synchrony Bank's 5-year CD with a competitive 4.35% APY and no minimum deposit requirement makes it an ideal choice for new savers and those looking to maximize their earnings without a significant upfront commitment. This product is particularly well-suited for individuals who value flexibility and long-term growth in their savings strategy.

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Summary of all rates from our cd rate pages. Click column headers to sort.

Provider ↕Rate ↓Term ↕Min Deposit
NASA Federal Credit Union4.55% APY12 months$50Learn more
BTG Pactual Bank4.50% APY5 years$500—
Popular Direct4.50% APY5 years$10,000—
Bread Savings4.50% APY5 years$1,500—
Sallie Mae Bank4.50% APY5 years$2,500—
EagleBank4.45% APY1 year$1,000Learn more
DR Bank4.45% APY1 year$500Learn more
Quorum Federal Credit Union4.35% APY1 year$100Learn more
Synchrony Bank4.35% APY5 years$0—
Sallie Mae4.30% APY1 year$2,500Learn more
Vibrant Credit Union4.25% APY6 months$5Learn more
CFG Bank4.22% APY1 year$500Learn more
Happen Bank4.20% APY6 months$500Learn more
Accordia Bank4.20% APY6 months$1,000Learn more
Marcus by Goldman Sachs4.10% APY9 months$500Learn more

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