What is a retirement plan and how can it help you? A retirement plan is a plan of action to save money for your future. Having a retirement plan can motivate you to save money and live comfortably.
Keep reading for tips showing you what a retirement plan is and how to get started with one.
While you’re working on your retirement plan, keep the following factors in mind:
Each individual has a different retirement goal and plan. Use an online retirement calculator to determine what you should be saving for retirement.
Here’s what you should do if you’re considering starting a retirement plan:
Synchrony Bank offers a range of financial products that feature competitive rates+, award-winning customer service and easy online access.
If you’re ready to put your retirement plan into action, Synchrony Bank can help. Call 1-844-345-5789 to learn how different savings products can assist you in saving for retirement.
+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. as of 11/01/2016. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. 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 07/13/2018.
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.