Synchrony Bank
Synchrony Bank Money Market Account Review 2026
Updated October 10, 2026
2.00% APY with no minimum, checks and an optional ATM card.
Quick answer
Synchrony Bank's Money Market Account paid 2.00% APY on October 10, 2026, with no minimum deposit, no minimum balance and no monthly fees. Checks are available on request and an optional ATM card refunds up to $5 per statement cycle in domestic ATM fees. It is FDIC-insured up to $250,000.
Who Synchrony Bank Money Market Account is best for
Savers who want checks and an ATM card on a no-minimum, no-fee account and accept a lower rate for it.
At a glance
- APY
- 2.00%
- Minimum balance
- $0
- ATM card
- Optional
- FDIC
- Insured
Read at synchrony.com on October 10, 2026; the bank dates its rate October 10, 2026
No minimum deposit and no minimum balance
Domestic ATM fees refunded up to $5 per statement cycle
Synchrony Bank — $250K coverage
Pros
- +Checks available on request, and an optional ATM card
- +No minimum deposit and no minimum balance
- +No monthly fees
- +Refund of other banks' domestic ATM fees up to $5 per statement cycle
Cons
- −APY (2.00%) was below Synchrony's own High Yield Savings (3.55%) and 12-month CD (4.20%)
- −Lower APY than Quontic (3.90%), UFB Direct (3.26%) and Ally (3.10%)
- −Outgoing wire transfers cost $25
Synchrony Bank Money Market Account requirements
- US resident with SSN/ITIN
- At least 18 years old
- No minimum deposit required
Synchrony Bank Money Market Account rates & fees
Synchrony's Money Market Account paid 2.00% APY when we read synchrony.com on October 10, 2026 (rates dated October 10, 2026). There are no monthly fees, no minimum deposit and no minimum balance. Checks are available and an optional ATM card comes with refunds of up to $5 per statement cycle in domestic ATM fees. The rate is variable — verify at synchrony.com before opening.
Rates & fees last verified at the issuer on 2026-10-10. Always confirm current terms before applying.
◆ ClearValue platform data
How Synchrony's money market rate compares with the FDIC national average
The FDIC's national average money market rate was 0.63% as of September 21, 2026 (FDIC National Rates and Rate Caps). The Synchrony Bank Money Market Account paid 2.00% APY when we read synchrony.com on October 10, 2026 — about 3.2x the national average.
On a $10,000 balance held for 12 months at an unchanged rate, 2.00% APY earns $200 in interest and the national average earns $63 — a difference of $137. Among the five money market accounts in this guide that are open to new customers, its APY ranked fourth (the range was 1.55%–3.90%). Synchrony's own High Yield Savings Account paid 3.55% on the same day.
Primary sources: FDIC National Rates and Rate Caps
The 0.63% 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; money market rates are variable and can change after the account is opened, so confirm the rate at synchrony.com first.
Synchrony Bank Money Market Account alternatives
Top alternatives worth comparing from Best Money Market Accounts 2026.
Ally Bank
Ally Bank Money Market Account
3.10% APY with no minimum, a debit card and checks
Quontic Bank
Quontic Money Market Account
3.90% APY if a $100 minimum to open is fine
First-Citizens Bank & Trust Company
CIT Bank Money Market Account
1.55% APY with a $100 minimum to open and no monthly service fees
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→Guide last updated October 10, 2026
The full lineup
See all picks in Best Money Market Accounts 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Synchrony Bank Money Market Account 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 checks and an ATM card on a no-minimum, no-fee account and accept a lower rate for it.
◆ 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 Money Market Account
Does Synchrony's Money Market Account include check writing?+
Yes. Synchrony says you can request checks for your Money Market Account, and that checks are not available with its High Yield Savings account. An optional ATM card is available with both. Source: synchrony.com; FDIC-insured via Synchrony Bank.
What ATM fee reimbursement does Synchrony MMA offer?+
Synchrony does not charge a fee to use an ATM and refunds domestic ATM fees charged by other financial institutions up to $5 per statement cycle. The optional ATM card works at ATMs showing the Plus or Accel logos. Fees for using an ATM overseas are not refunded. Verify current terms at synchrony.com.
How does Synchrony MMA APY compare to Synchrony's high-yield savings account?+
On October 10, 2026, Synchrony's Money Market Account paid 2.00% APY and its High Yield Savings Account paid 3.55%. If your goal is yield and you do not need checks, the savings account paid more. The money market account's advantage is check writing. Both rates are variable — compare the live rates at synchrony.com before deciding.
Is ClearValue Lending a bank or account issuer?+
No. ClearValue Lending is not a bank, account issuer, lender, or financial advisor. This review presents publicly available editorial information about the Synchrony Bank Money Market Account. The account is 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.