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Synchrony Bank CD rates
Synchrony pays competitive rates on CDs with terms from 3 months to 5 years.
Term length | APY |
3 months | 0.25% |
6 months | 0.50% |
9 months | 0.50% |
1 year | 0.60% |
13 months | 0.60% |
14 months | 0.60% |
15 months | 0.60% |
18 months | 0.60% |
2 years | 0.70% |
3 years | 0.75% |
4 years | 0.75% |
5 years | 0.90% |
APY
0.25% APY to 0.90% APY
Min Deposit
$2,000 minimum deposit
- Terms ranging from 3 months to 5 years
- Early withdrawal penalty of 90 days simple interest for terms of 12 months or less; 180 days simple interest for terms over 12 months but under 48 months; 365 days interest for terms of 48+ months
- 24/7 live chat customer support
Pros
- Competitive APY
- Variety of term lengths
Cons
- $2,000 initial deposit
- No terms over 5 years
- Standard-to-high early withdrawal penalties
Read Our Review
Synchrony pays high rates on CDs, but you’ll need $2,000 to open an account. If you can’t afford the minimum deposit, then you can find other online banks that require less and pay comparable rates.
How Synchrony Bank CD rates compare
We’ve compared Synchrony’s CD rates to the rates at two other online banks: Discover and Marcus by Goldman Sachs.
CD APY 0.25% APY to 0.90% APY |
CD APY 0.25% to 0.80% APY |
CD APY 0.45% to 0.90% APY |
Minimum deposit $2,000 |
Minimum deposit $2,500 |
Minimum deposit $500 |
Open a CD | Open a CD | Open a CD |
Synchrony Bank CD rates vs. Discover Bank CD rates
Synchrony and Discover both pay competitive rates. The better rate will come down to which term length you choose.
Your choice between the two banks could also come down to which term length you want. Synchrony offers a wider variety of shorter-term CDs, including 13-month, 14-month, and 15-month terms. But Synchrony’s longest term is 5 years, while Discover has 7-year and 10-year options.
Synchrony Bank CD rates vs. Marcus CD rates
Synchrony and Marcus both pay good rates on regular CDs, so your choice might come down to which bank pays the better rate on the specific term length you want.
Marcus is a good option if you don’t have $2,000 to open a CD with Synchrony, though. Marcus’ minimum deposit is only $500. You also might like Marcus if you want to open a no-penalty CD, which doesn’t charge you for withdrawing funds before your CD matures. The Marcus No-Penalty CD pays competitive rates, too.
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