Synchrony Bank
Synchrony Bank High Yield Savings Review 2026
Strong APY with ATM card access — uncommon for online savings.
Who Synchrony Bank High Yield Savings is best for
Online savings users who want ATM-card access for cash withdrawals when needed.
At a glance
- APY
- 4.30%
- Minimum
- $0
- ATM
- Card included
- ATM reimbursement
- $5/month
Competitive within the top tier
No minimum, no monthly fee
Rare for online-only savings
Of other-network ATM fees
Pros
- +ATM card included — unusual for high-yield online savings accounts
- +Other-bank ATM fee reimbursement (up to $5/month)
- +Strong APY at top-tier among no-minimum accounts
- +Synchrony's deep retail-card portfolio means many users already have a relationship
Cons
- −Synchrony's primary business is retail store credit cards — brand recognition for banking is thinner
- −Mobile app less polished than Ally / Marcus
- −Customer service ratings mixed on banking side
Synchrony Bank High Yield Savings requirements
- US resident with SSN/ITIN
- At least 18 years old
- External bank for funding
Synchrony Bank High Yield Savings alternatives
Top alternatives worth comparing from Best High-Yield Savings Accounts 2026.
Goldman Sachs Bank USA
Marcus by Goldman Sachs Online Savings
Anyone wanting a simple, well-backed high-yield savings account with zero account-management friction.
Ally Bank
Ally Bank Online Savings
People wanting savings + checking + investing accounts at the same online bank with consistent experience.
SoFi Bank, N.A.
SoFi Checking & Savings
People willing to direct-deposit paychecks for the highest APY + a strong companion checking account.
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at Synchrony Bank→Last verified at the issuer on 2026-08-17
Compare Synchrony Bank High Yield Savings head-to-head
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See all picks in Best High-Yield Savings Accounts 2026
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Read the full guide →Bottom line
Synchrony Bank High Yield Savings scores 4.0 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Online savings users who want ATM-card access for cash withdrawals when needed.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Synchrony Bank High Yield Savings
Does Synchrony Bank High Yield Savings include an ATM card?+
Yes — Synchrony's High Yield Savings account includes an ATM card, which is uncommon for online-only high-yield savings accounts. You can use the card for cash withdrawals at ATMs. Synchrony also reimburses up to $5 per month in ATM fees charged by other networks. Verify the current reimbursement cap at synchronybank.com before relying on it for frequent ATM use.
Is there a minimum balance required to earn the Synchrony High Yield Savings APY?+
No — Synchrony Bank High Yield Savings has no minimum balance requirement and no monthly maintenance fee. The advertised APY applies to the full balance from dollar one. APYs are variable and can change; verify the current rate at synchronybank.com or on official bank comparison disclosures.
Is Synchrony Bank FDIC insured?+
Yes — Synchrony Bank is FDIC insured (FDIC Certificate #27314). Deposits are insured up to $250,000 per depositor per ownership category, the same standard limit as any FDIC member bank. You can verify Synchrony's FDIC status at fdic.gov.
How do I fund a Synchrony High Yield Savings account?+
You fund the account via ACH transfer from an external bank — Synchrony is an online bank with no physical branches. The account setup requires linking a U.S. bank account for initial and recurring transfers. Standard ACH processing typically takes 1–3 business days. There is no check deposit via branch; some customers use mobile check deposit through the Synchrony Bank app.
Related guides
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.
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