Synchrony Bank Online Savings Rate

Synchrony Bank Online Savings RateSynchrony Bank's online savings rate, which was already one of the best online savings rates around, was recently increased. The new online savings rate from Synchrony Bank is at 2.23 percent with an APY of 2.25 percent. The old online savings rate from Synchrony Bank was at 2.18 percent with an APY of 2.20 percent. There is no minimum balance to open a savings account at Synchrony Bank.

Synchrony Bank's savings rate is now 25 times the FDIC National Average Savings Rate of 0.09 percent. Synchrony Bank's rate of 2.25 percent places the bank in the top 10 savings rates available on our rate list.



Synchrony Bank Savings Account Features and Benefits



  • No Minimum Opening Deposit

  • No Fees

  • Federal Law Limits 6 Withdrawals per Monthly Billing Cycle, no Fee is limit is exceeded

  • FDIC Insured up to $250,000 per Depositor, per Account


Ways to Access Funds from Synchrony Savings Account

  • Transfer the funds to a registered external bank account, either online or by calling Synchrony at 1-866-226-5638.

  • Use an ATM card wherever your ATM card is accepted or at a point of sale using a PIN transaction.

  • Wire the funds out to another United States bank ($25.00 outgoing wire fee where applicable).

  • Call and request a check to be sent to you at your address on file


Ways to Deposit Funds to Synchrony Savings Account

  • Make an internal transfer from another Synchrony Bank account

  • Transfer funds through an electronic funds transfer (EFT) from a registered external bank account

  • Use Synchrony's Mobile Check Deposit service via Online Banking from your smartphone

  • Initiate a Direct Deposit from a third party

  • Wire transfer the funds to Synchrony Bank (must be initiated by sending bank)

  • Send a personal or Cashier’s check with a completed deposit slip for your account


To get the best deal compare Synchrony Bank's online savings rate with other bank's online savings rates today.
 
Author: Brian McKay
February 12th, 2019
Posted in: Savings Accounts