Don’t settle for the first interest rate you find. Finding a competitive interest rate can help make every penny count. When shopping for interest rates, note that online banks typically offer higher interest rates than traditional brick and mortar banks.
Many of the best banks provide a savings account option without monthly service fees, which allows you to keep your deposit and any earned interest.
Service and maintenance fees will reduce any interest earned on your savings. You may want to avoid banks with services fees.
The ability to access your money day or night, 365 days a year is important to many customers. The best banks for savings accounts provide a cash card and allow you to access your money at ATM locations nationwide.
The best savings accounts offer protection for your deposit. Be sure to learn if the bank offers accounts that are FDIC-insured up to $250,000 per depositor, per insured bank, for each ownership category.
The best banks offer benefits to their customers such as flexible online banking, call center customer service and a perks program that provides great rewards.
Make sure to inquire with a prospective bank about these factors before you open an account.
Opening a high yield savings account with Synchrony Bank is easy. We provide quick withdrawals online, over the phone, or with an ATM card*. In addition to our competitive rates+ and award-winning customer service, customers also find that we have no minimum balance or monthly service fee. Our accounts are FDIC-insured up to $250,000 per depositor for each ownership category.
Call Synchrony Bank at 1-844-345-5789 or find us online to learn how our high yield savings accounts could be the best way to manage your savings.
*Federal regulations limit the number of electronic and telephone transactions you can make with your High Yield Savings account to six transfers or withdrawals per monthly statement cycle. If you exceed these limits, we may close your account.
+National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits) provided by Informa Research Services, Inc. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, accuracy cannot be guaranteed.
*ANNUAL PERCENTAGE YIELD (APY): All APYs are accurate as of 06/21/2018.
APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. For Money Market and High Yield Savings Accounts, the rate may change after the account is opened. For CDs, a minimum of $2,000 is required to open a CD and must be deposited in a single transaction. A penalty may be imposed for early withdrawals. After maturity, if you choose to roll over your CD, you will earn the base rate of interest in effect at that time. The APY shown for CDs and IRA CDs is for a 60-month CD with a balance of at least $25,000. Click here for all CD rates and terms offered.