Synchrony Bank CD Review 2026

Competitive APY across terms — a strong long-term CD pick.

Get started at Synchrony Bank → Pre-qualify (where available) with a soft credit pull — no score impact.

ClearValue Rating: 4 / 5 — our editorial assessment (how we rate)

Editorial4.0
Cost4.0
Value4.3
Access3.8

Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.

At a glance

Who Synchrony Bank CD is best for

Savers locking in 2-year or 5-year CDs who want a competitive long-term rate.

Pros

Cons

Synchrony Bank CD requirements

Residency: U.S. resident with a valid SSN or ITIN
Age: At least 18 years old
Minimum deposit: No minimum — open with any amount

Synchrony Bank CD rates & fees

Synchrony Bank's 1-year CD was offering approximately 4.80% APY as of June 2026, with competitive rates across 3- to 60-month terms. There are no monthly maintenance fees. Verify the current rate at synchronybank.com — APYs are fixed at funding for the term.

Synchrony Bank CD alternatives

Marcus by Goldman Sachs High-Yield CD (Goldman Sachs Bank USA) — Better if you want a no-penalty CD or 10-day rate guarantee
Read review Get started at Goldman Sachs Bank USA →
Ally Bank CD (Ally Bank) — Better if you want three CD types under one login
Read review Get started at Ally Bank →
Bread Savings CD (Comenity Capital Bank) — Better if you prioritize the highest possible 1-year APY
Read review Get started at Comenity Capital Bank →

Bottom line

Synchrony Bank CD — Competitive APY across terms — a strong long-term CD pick. Best for: Savers locking in 2-year or 5-year CDs who want a competitive long-term rate.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.

Questions about Synchrony Bank CD

What CD terms does Synchrony offer?

Synchrony Bank offers CDs ranging from 3 months to 60 months (5 years), with multiple term options in between. Synchrony also offers a Bump-Up CD that allows you to increase your rate once during the term if Synchrony raises its CD rates. Verify current term availability and APY at synchronybank.com. Source: Synchrony Bank official disclosure at synchronybank.com; FDIC-insured.

How does Synchrony's Bump-Up CD work?

Synchrony's Bump-Up CD allows you to request a one-time rate increase during the CD term if Synchrony raises its published CD rate for that term. This is useful if you lock in today's rate and rates rise before maturity — you can capture the higher rate for the remaining term. The starting APY on a Bump-Up CD is typically slightly lower than a standard CD of the same term in exchange for this optionality. Verify current Bump-Up CD terms and APY at synchronybank.com.

What is the early-withdrawal penalty on a Synchrony CD?

Synchrony Bank charges an early-withdrawal penalty if you close a standard CD before maturity. The penalty is expressed as a number of days of simple interest and varies by term length — shorter CDs carry smaller penalties; longer-term CDs carry larger ones. Synchrony publishes its penalty schedule in the CD terms at synchronybank.com. If you need liquidity flexibility, compare the Bump-Up CD or consider a no-penalty option at another institution.

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 synchronybank.com before opening.

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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