Synchrony Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Synchrony Bank gives US savers an easy-access account with FDIC cover and a 3.3% variable rate, and the money is reachable on demand through online banking, the mobile app, ACH transfers and an optional ATM card. It suits anyone building a cash buffer in dollars rather than locking money away.
Key facts
- Best for
- US savers wanting insured cash they can reach the same day.
- Headline rate
- 3.3%↗
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- On-demand access via optional ATM card, online banking, mobile app and ACH transfers; no checks issued↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- Synchrony Bank↗
- Headquarters
- United States↗
- Support channels
- Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- synchronybank.com
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- The balance is held at a bank with the FDIC as its regulator, and deposit protection stands at FDIC up to USD 250,000.
- An easy access account that takes a minimum deposit of $0.
- Money is reachable on demand through online banking, the mobile app, ACH transfers and an optional ATM card.
- Ranks 1 of 370 on minimum deposit across the site.
Cons
- The rate is variable, so the 3.3% headline is not held for a set period.
- Interest of 3.3% sits under the savings account median 3.08%, and the brand ranks 214 of 473 on headline rate.
- Support is limited to chat, phone and help centre.
Who it suits
- US savers who want an easy access balance they can reach the same day.
- Readers who are happy keeping cash at a US bank with FDIC cover rather than at a trading platform.
- Anyone starting small, since the minimum deposit is $0.
Who should look elsewhere
- Readers chasing a bigger return, since XTB advertises a headline rate of 4%.
- Card shoppers, where AXI Card lists a headline rate of 21.59% and Plazo ES lists 24.19% on card products.
- Savers who need cheques or counter service, since the access terms cover an optional ATM card, online banking, the mobile app and ACH transfers.
How Synchrony Bank compares
9.2 vs 8.6
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9.2 vs 8.0
9.2 vs 8.9
9.2 vs 8.9
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 8.9
9.2 vs 8.7- 9.2 vs 8.0
9.2 vs 9.0
9.2 vs 8.1
9.2 vs 8.7
9.2 vs 8.0
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 9.0
Where Synchrony Bank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 27314), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Synchrony Bank charge to run this savings account?+
The monthly fee is $0 and the minimum deposit is $0, and the account is listed in the no monthly fee model (no monthly fee). You can open it small and the running cost stays at that level whatever the balance.
Is the money protected, and who regulates the bank?+
Synchrony Bank is a US bank with the FDIC as its regulator, listed under licence FDIC cert 27314. Deposit protection stands at FDIC up to USD 250,000, so the savings balance is covered within that limit.
What rate do I get and can it change?+
The headline rate is 3.3% and the rate type is variable, so the bank sets the figure and it can move either way. The account kind is easy access, which keeps the money withdrawable while the rate adjusts.
How do I deposit and withdraw money?+
Access is on demand. The access terms cover an optional ATM card, online banking, the mobile app and ACH transfers, and cheques are not issued. You add and take out money through those same channels while the account stays easy access.
How do I get help if something goes wrong?+
Support runs on chat, phone and help centre. Chat suits quick questions, phone suits anything tied to the account, and the help centre holds the general guidance. Those are the listed channels for this bank.
Who is this account for?+
It suits US savers who want cash they can reach the same day and who do not want a large entry amount. The legal entity is Synchrony Bank, based in the United States, and the account is easy access with a minimum deposit of $0.
Can I use this account outside the US?+
The bank sits in US and is supervised by the FDIC under licence FDIC cert 27314. Funding and withdrawals run through ACH transfers, so plan on a US dollar setup for moving money in and out.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/27314 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“CERT=27314; NAME=Synchrony Bank; WEBADDR=www.synchronybank.com; ACTIVE=1”
- api.syf.com/v1/retailBank/products checked September 26, 2026
Backs: Headline rate
“"displayCode":"HYS","displayName":"High Yield Savings","maxRate":"3.24%","maxAPY":"3.30%"”
- synchronybank.com/banking/contact-synchrony-bank checked September 26, 2026
Backs: Support channels
“Chat with us ... Call us 1-866-226-5638 ... Need a quick answer right now? FAQs”
- synchronybank.com/banking/products/compare-products checked September 26, 2026
Backs: Account kind
“High Yield Savings - Earn interest and access cash via ATM, online, and more.”
- synchronybank.com/banking/products/high-yield-savings checked September 26, 2026
Backs: Access terms, Minimum deposit, Pricing model, Monthly fee, Rate type
“With an optional ATM card available with a High Yield Savings and Money Market Account, you can withdraw cash and perform basic transactions from an ATM ... Checks are not available with a High Yield...”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.