Synchrony Bank
Synchrony Bank CD Review 2026
Updated October 10, 2026
4.20% APY on a 12-month CD with no minimum deposit.
Quick answer
Synchrony Bank's 12-month CD paid 4.20% APY on October 10, 2026 with no minimum deposit. Terms run from 3 to 60 months; the 60 months term paid 4.50%. The early-withdrawal penalty is 90, 180 or 365 days of simple interest depending on the term, and deposits are FDIC-insured up to $250,000.
Who Synchrony Bank CD is best for
Savers who want to open a CD with any amount, or to build a ladder across terms from 3 to 60 months.
At a glance
- 1-year APY
- 4.20%
- Minimum deposit
- $0
- Terms available
- 3–60 months
- FDIC
- Insured
12-month term, read at synchrony.com on October 10, 2026; the bank dates its rates October 10, 2026
No minimum to open
Highest: 60 months at 4.50%
Synchrony Bank — $250K coverage
Pros
- +No minimum deposit — open a CD with any amount
- +Eleven terms from 3 to 60 months; the 60 months term paid 4.50% and a 13-month term paid 4.40%
- +Interest already paid during the term can be withdrawn at any time without penalty
- +Synchrony's disclosures describe a Bump-Up CD that allows one rate-increase request during the term
Cons
- −Early-withdrawal penalty: 90 days of simple interest on terms of 12 months or less, 180 days on terms of more than 12 months but less than 48 months, and 365 days on terms of 48 months or more
- −The 3-month term paid only 0.25% — far below every other term
- −No additional deposits during the term — you can add money only in the 10-day grace period after maturity
Synchrony Bank CD requirements
- US resident with SSN/ITIN
- At least 18 years old
- No minimum deposit required
Synchrony Bank CD rates & fees
Synchrony Bank's 12-month CD paid 4.20% APY when we read synchrony.com on October 10, 2026 (rates dated October 10, 2026), with no minimum deposit. Its 60 months term paid 4.50%. Verify the current rate at synchrony.com — the APY is fixed at funding for the term.
Rates & fees last verified at the issuer on 2026-10-10. Always confirm current terms before applying.
◆ ClearValue platform data
How Synchrony's 12-month CD compares with the FDIC national average
The FDIC's national average for a 12-month CD was 1.73% as of September 21, 2026 (FDIC National Rates and Rate Caps). Synchrony's 12-month CD paid 4.20% APY when we read synchrony.com on October 10, 2026 — about 2.4x the national average.
On a $10,000 deposit held for 12 months, 4.20% APY earns $420 in interest and the national average earns $173 — a difference of $247. Among the six CDs in this guide that are open to new customers, Synchrony's 12-month APY ranked third (the range was 4.00%–4.45%). It was the highest of the three with no minimum deposit (Synchrony 4.20%, Ally 4.15% and Capital One 4.00%).
Primary sources: FDIC National Rates and Rate Caps
The 1.73% figure is the FDIC's national average across insured institutions, not a Synchrony quote. Synchrony's APY is the one its site showed on October 10, 2026 (the bank dates its rates October 10, 2026). A CD's rate is fixed only once the account is opened and funded, so confirm it at synchrony.com first.
Synchrony Bank CD alternatives
Top alternatives worth comparing from Best CD Rates 2026.
Goldman Sachs Bank USA
Marcus by Goldman Sachs High-Yield CD
4.40% on a 12-month CD if a $500 minimum is fine
Ally Bank
Ally Bank CD
No minimum deposit, with no-penalty and rate-increase CDs at one bank
Comenity Capital Bank
Bread Savings CD
4.45% on a 1-year CD if you can deposit $1,500
Ready to apply?
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Apply at Synchrony Bank→Guide last updated October 10, 2026
The full lineup
See all picks in Best CD Rates 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Synchrony Bank CD scores 4.0 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Savers who want to open a CD with any amount, or to build a ladder across terms from 3 to 60 months.
◆ 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 CD
What CD terms does Synchrony offer?+
On October 10, 2026, synchrony.com listed standard CDs from 3 months to 60 months. The 12-month term paid 4.20% APY, 6 months 4.10%, 18 and 24 months 4.35%, 36 and 48 months 4.40%, and 60 months 4.50%. A 13-month term paid 4.40%. There is no minimum deposit. Verify current terms and APYs at synchrony.com. Source: synchrony.com, rates dated October 10, 2026; FDIC-insured.
How does Synchrony's Bump-Up CD work?+
Synchrony's disclosures say that with a Bump-Up CD "a rate increase may be requested once during the term of the CD should the rate we offer for the Bump-Up CD rise." That lets you capture a higher rate for the rest of the term if rates go up after you open. We did not read the Bump-Up CD's own terms or APY, so compare its starting rate with the standard CD of the same length at synchrony.com before choosing.
What is the early-withdrawal penalty on a Synchrony CD?+
Synchrony charges 90 days of simple interest on terms of 12 months or less, 180 days on terms of more than 12 months but less than 48 months, and 365 days on terms of 48 months or more, when you withdraw principal before maturity. Interest already paid during the current term can be withdrawn at any time without penalty. If you may need the principal early, a shorter term or a no-penalty CD is the safer choice.
Is ClearValue Lending a bank or CD issuer?+
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This review presents publicly available editorial information about Synchrony Bank CDs. CDs are issued and operated by Synchrony Bank. APYs, terms, fees, and eligibility are determined solely by Synchrony Bank and may change — verify current terms at synchrony.com before opening.
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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.