Strong APY with ATM card access — uncommon for online savings.
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ClearValue Rating: 4 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Online savings users who want ATM-card access for cash withdrawals when needed.
Synchrony Bank High Yield Savings — Strong APY with ATM card access — uncommon for online savings. Best for: Online savings users who want ATM-card access for cash withdrawals when needed.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
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.
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.
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.
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.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
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