No matter what your savings goals may be, selecting a savings account with a competitive interest rate can go along way toward your financial security. Luckily, finding a great interest rate on a savings account has never been easier.
Innovation in technology has allowed financial research to be done in just a few clicks. More and more customers are choosing online banking as a way to not only find better interest rates but to also enjoy flexibility in their banking.
Banks base savings account interest rates on several factors, including the Federal Funds Rate and the Federal Discount Rate. Synchrony Bank’s high yield accounts have award-winning rates that go beyond the national average+.
Our deposit products have been recognized by BankRate.com, MONEY Magazine, Kiplinger and GOBankingRates.com. You’ll be able to see how our great rates grow your savings by using our online calculator.
In addition to competitive interest rates, our customers have no minimum balance to maintain and no monthly maintenance fees.
At Synchrony Bank, our services are in step with you. We offer a variety of banking platforms to make it easy for you to access your money online, over the phone, or with an ATM card.
Our deposit products are insured by the FDIC up to $250,000 per depositor, per insured bank, for each ownership category so you have peace of mind knowing your money is secure.
Call Synchrony Bank at 1-844-345-5789 or visit us online to start saving today.
Simple Dollar: www.thesimpledollar.com/why-are-savings-account-rates-so-low/
+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.