at Synchrony Bank,

Member, FDIC

Pros

2.05% APY on savings, about the best you'll find
Reimburses $5 per month for out-of-network ATMs

Cons

No checking account
No branches

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Overall

4.0

Synchrony doesn’t fit the banking mold — it doesn’t have branches or offer a checking account. Still, it’s worth considering if you want great interest rates on savings products and prefer banking online.

 

Maybe a separation from your checking account is just what your rainy-day fund needs to prosper.

 

Ratings methodology | Updated July 5, 2018

Savings

5.0

Synchrony's high-yield savings account comes with low fees and one of the highest rates on the market, at 2.05% APY. No minimum balance is required to open an account or qualify for the interest rate. Synchrony doesn't charge fees for using ATMs that accept its bank card — those with Plus or Accel logos. But ATM owners might charge a fee. For those charges, Synchrony bank offers a monthly $5 refund.

 

Want to see more options? Check out cheatgame.info’s best high-yield online savings accounts

High Yield Savings Account
APY
2.05%
Min. balance for APY
$1

at Synchrony Bank,

Member, FDIC

Certificate of Deposit
APY
3.10%
Min. balance for APY
$2,000
Length of term
5 years

at Synchrony Bank,

Member, FDIC

How does Synchrony Bank compare?

Synchrony Bank

High Yield Savings Account

cheatgame.info Rating

APY

2.05%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Goldman Sachs Bank USA

Online Savings

cheatgame.info Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

2.05%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

cheatgame.info Rating

at American Express National Bank,

Member, FDIC

APY

2.00%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Not for you? Read more bank reviews
cheatgame.info reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with cheatgame.info. Banks, issuers and credit card companies are not responsible for any content posted on the cheatgame.info site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
The Worst.
Try to get them to do anything, it takes months with careless mistakes on their part, horrible customer service, and has taken about 25 phone calls from me to oversee a single transfer. Closing my account, never again.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Great rates poor service
If you can get the same rates at a different bank, run don't walk. I initiated a transfer to a local bank, as I needed funds to close on a mortgage. after speaking to a bank resource, i was told that the online transfer would take longer than a wire, so i chose to cancel the online transfer and wire instead. the online transfer cancellation was supposed to happen in 2 - 3 business days. it took 5. when the money was finally redeposited in my account, i initiated the wire transfer. wire transfer initiated at 8:45am EST. At 3:45pm EST, the wire transfer was still pending (7 hrs later). I asked the banker if they processed a wire transfer or an ACH transfer. The banks website FAQs indicates that when a wire transfer is processed, the funds are deducted immediately from the account. The banker claimed it was a wire transfer but it has to go through several levels of approval. This is CRAZY!!!! My closing attorneys office was amazed that there was no federal reference number, because it would normally be generated immediately after the wire transfer is processed. SYNCHRONY BANK told me a bunch of lies. i'm transferring my money back to a locat bank or the competition. The customer service and resolution of issues is the worst i've seen in any business.
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