Synchrony Bank CD rates: competitive APY, high minimum deposit

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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%


0.25% APY to 0.90% APY

Min Deposit

$2,000 minimum deposit

  • Details
  • Pros & Cons

    • 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
    • Competitive APY
    • Variety of term lengths
    • $2,000 initial deposit
    • No terms over 5 years
    • Standard-to-high early withdrawal penalties

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    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.

    synchrony logo

    Synchrony Bank

    discover bank logo

    Discover Bank

    marcus logo

    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


    Minimum deposit


    Minimum deposit


    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.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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