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Synchrony Bank CD Rates: July 2026

Synchrony Bank offers CD accounts with APYs as high as 4.00%

By

Rebecca McClay

Updated July 02, 2026

Fact checked by

Hans Daniel Jasperson

Businesswoman consulting with financial advisor in office — Thomas Barwick / Getty Images

Key Takeaways

Synchrony Bank offers CD rates of up to 4.00%, which is higher than many other banks.
Synchrony CDs have no minimum balance requirements and are available in terms from 3 months to several years.
Synchrony offers standard CDs along with bump-up and no-penalty CDs, but the specialty CDs have lower rates.
Although some rates are not bad, compare Synchrony to the best CDs before deciding where to stash your cash.

Synchrony CD Overview

	CD Term	APY
Standard CD	3 months-60 months	0.25%-4.00%
Bump-up CD	24 months	2.80%
No-penalty CD	11 months	0.25%
IRA CD	3 months-60 months	0.25%-3.75%

Synchrony Bank CD: Key Features

Synchrony CDs Key Features
	CD Term	APY	Minimum Balance
Standard CD	3 months-60 months	0.25%-4.00%	None
Bump-up CD	24 months	2.80%	None
No-penalty CD	11 months	0.25%	None
IRA CD	3 months-60 months	0.25%-3.75%	None

In addition to competitive annual percentage yields (APYs), especially on its long-term CD products, Synchrony Bank CDs feature no minimum balance requirements. Outside of the no-penalty CD, you will incur an early withdrawal penalty if you attempt to withdraw some or all of the principal funds from your account prior to its maturity date. Early withdrawal penalties range from 90 to 365 days' worth of simple interest at the current APY, depending on the terms of your account.

It’s worth noting that the grace period on CDs with Synchrony Bank lasts for a short 10 days after your maturity date arrives. During this window you can add additional cash to your account, renew your CD, transfer the cash to a different account, or withdraw your money.

If you don’t take any action, the online bank will automatically renew the CD on your behalf at the end of the 10-day grace period and mail you a renewal notice. This isn’t an unusual practice where CDs are concerned, but it’s still important to be aware of and to have a plan for what you want to do with your money when your CD matures.

Below are more key features to consider regarding CDs from Synchrony Bank.

Tip

When you’re shopping for a new certificate of deposit, it’s important to look beyond the interest rates a bank offers you. Although earning a high return on your savings does matter, it’s also important to pay attention to other account features when you open a CD and understand how those details might impact you.

Pros and Cons of Synchrony Bank CDs

Pros

Some competitive rates
No minimum balance requirement

Cons

Some non-competitive rates
Early withdrawal penalties

Pros Explained

Some competitive rates: You can find rates of up to 4.00% with Synchrony Bank, which is higher than many other CDs.
No minimum balance requirement: Unlike with many CDs, Synchrony Bank CDs do not have minimum balance requirements.

Cons Explained

Some non-competitive rates: While some of Synchrony's CDs have fairly high rates, others are as low as 0.25%. You can easily find higher rates by shopping around.
Early withdrawal penalty: Though many CDs have an early withdrawal penalty as Synchrony CDs do, you can find some CDs that do not have this if the flexibility is important to you.

About Synchrony Bank

As an online bank, Synchrony Bank offers competitive interest rates on its savings, money market, and CD accounts. The bank also partners with hundreds of retailers to provide co-branded credit cards specific to each retailer.

Synchrony Bank has financing for healthcare procedures and purchases available through its CareCredit product. It does not offer checking accounts, mortgages, investments, or other products that you may find at other financial institutions.

Synchrony Bank offers the following banking products:

Savings Account
Money Market Account
CDs
Credit Cards

Alternatives to Synchrony Bank CDs

High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates than what Synchrony Bank offers. See the best high-yield savings account rates to compare how much you could earn.
High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The best high-interest checking accounts give you easy access to your money.
Certificates of deposit (CDs): Synchrony Bank offers fairly competitive rates on its CDs. You can also choose from a range of CDs from other financial institutions.
Money market account: Money market account can also provide a return on your savings. Check the best money market account rates to see how it compares.
Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

Are Synchrony Bank CDs Worth It?

CDs may be worth considering, and Synchrony Bank CDs in particular, under the following circumstances:

You prefer a (virtually) risk-free way to grow your savings.
Keeping your cash locked in a CD for a set period of time isn’t an inconvenience.
The CD rates at Synchrony Bank, combined with its benefits (like no minimum deposit) seem like a good fit for your financial goals.

Are Synchrony Bank CDs FDIC-Insured?

Synchrony Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Therefore, deposit accounts with the bank (including CDs) are insured up to $250,000 per ownership category.

Should I Get a Synchrony Bank CD?

CD rates at Synchrony Bank are pretty competitive compared to other online banks and credit unions. While the highest rate CD at Synchrony Bank might not be the highest APY available on any CD, the bank does offer higher APYs than many of its competitors where long-term CDs are concerned.

If you’re looking for a bank that doesn’t require a minimum deposit, Synchrony stands out. Furthermore, the financial institution offers a wide range of CD terms and specialty CD products that can give savers added flexibility when looking for low-risk ways to save money.

Your Guide to CDs

^Synchrony 14-month CD Disclosure: Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.

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Synchrony Bank. "We're Here to Answer Your Questions,” Click “Is There an Early Withdrawal Penalty for CDs?”
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