Synchrony Bank
Synchrony Bank CD Review 2026
Updated August 25, 2026
Competitive APY across terms — a strong long-term CD pick.
Who Synchrony Bank CD is best for
Savers locking in 2-year or 5-year CDs who want a competitive long-term rate.
At a glance
- 1-year APY
- ~4.10%
- Minimum deposit
- $0
- Terms available
- 3–60 months
- FDIC
- Insured
Verified via bankrate.com CD rate survey, Aug 12 2026 — down from ~4.80% in Jun 2026; confirm at synchronybank.com before opening
No minimum to open
Wide term ladder coverage
Synchrony Bank — $250K coverage
Pros
- +No minimum deposit — open a CD with any amount
- +Wide term range (3 months to 60 months) supports CD laddering strategies
- +Competitive APY especially on longer-term CDs
- +Bump-up CD option available on select terms (allows one rate increase if rates rise)
Cons
- −Early-withdrawal penalty applies to standard CDs
- −Synchrony's primary business is retail store credit cards — banking brand recognition is thinner
- −Mobile app less polished than Ally or Marcus
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 1-year CD was offering approximately 4.10% APY as of August 12, 2026 — down from ~4.80% in 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.
Rates & fees last verified at the issuer on 2026-08-25. Always confirm current terms before applying.
Synchrony Bank CD alternatives
Top alternatives worth comparing from Best CD Rates 2026.
Goldman Sachs Bank USA
Marcus by Goldman Sachs High-Yield CD
Better if you want a no-penalty CD or 10-day rate guarantee
Ally Bank
Ally Bank CD
Better if you want three CD types under one login
Comenity Capital Bank
Bread Savings CD
Better if you prioritize the highest possible 1-year APY
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 2026-08-25
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 locking in 2-year or 5-year CDs who want a competitive long-term rate.
◆ 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?+
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.
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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.