Synchrony Bank
Synchrony Bank Money Market Account Review 2026
Updated June 3, 2026
No-minimum MMA with ATM card access — an uncommon combination.
Who Synchrony Bank Money Market Account is best for
Savers who want a high MMA APY with ATM card access and no minimum balance.
At a glance
- APY
- ~2.25%
- Minimum balance
- $0
- ATM card
- Included
- FDIC
- Insured
Verified at synchronybank.com, Jun 2026 — confirm before opening
No minimum to open or earn APY
Rare for online money market accounts
Synchrony Bank — $250K coverage
Pros
- +ATM card included — uncommon for online MMA products
- +No minimum balance requirement
- +Up to $5/month ATM fee reimbursement
- +Synchrony retail-card relationship means many users already have an account
Cons
- −MMA APY currently lower than Synchrony's HYSA or CD rates
- −No check-writing for this account tier — verify at synchronybank.com
- −Mobile app less polished than Ally or Discover
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 was offering approximately 2.25% APY as of June 2026. There are no monthly fees. The account includes an ATM card with up to $5 per month in out-of-network ATM fee reimbursements. MMA APYs are variable — verify the current rate at synchronybank.com before opening.
Rates & fees last verified at the issuer on 2026-06-03. Always confirm current terms before applying.
◆ ClearValue platform data
How Synchrony Bank's MMA rate compares to the FDIC national average
This guide compares 6 MMA offers total. The FDIC tracks a national average rate across all insured banks and credit unions, weighted by deposit share. As of August 17, 2026 the national average money market rate was 0.63% (FDIC National Rates and Rate Caps). Synchrony Bank Money Market Account at roughly ~2.25% APY pays about 3.6x that national average.
Worked on a $10,000 balance held 12 months: Synchrony Bank's ~2.25% APY yields roughly $225 in interest versus $63 at the 0.63% national average — a $162 gap on that balance, before compounding (which pushes the real number slightly higher than this simple-interest estimate). Synchrony Bank Money Market Account is one of 3 offers in this guide with a $0 minimum balance (with ally and ufb direct). Both figures move with the Fed's rate path, so confirm the live number before funding.
Primary sources: FDIC National Rates and Rate Caps
The 0.63% figure is the FDIC national average across all insured institutions, not a Synchrony quote — the bank's own advertised APY changes with market conditions and should be confirmed on its official site before opening.
Synchrony Bank Money Market Account alternatives
Top alternatives worth comparing from Best Money Market Accounts 2026.
Ally Bank
Ally Bank Money Market Account
Better if you want a higher MMA APY with both checks and a debit card
Axos Bank
UFB Direct Money Market Account
Better if APY maximization with no minimum is your only goal
First-Citizens Bank & Trust Company
CIT Bank Money Market Account
Better if you want a low $100 minimum with no monthly fee
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 2026-06-03
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 a high MMA APY with ATM card access and no minimum balance.
◆ 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?+
Check-writing availability on Synchrony's Money Market Account should be verified at synchronybank.com, as features and terms may change. The ATM card is an established feature. Source: Synchrony Bank official disclosure at synchronybank.com; FDIC-insured via Synchrony Bank.
What ATM fee reimbursement does Synchrony MMA offer?+
Synchrony Bank's Money Market Account includes an ATM card and reimburses up to $5 per statement cycle in out-of-network ATM fees — less than Ally's $10/month reimbursement but meaningful for occasional cash withdrawals. Synchrony's ATM card is an uncommon feature for online money market accounts. Verify current ATM reimbursement terms and the fee schedule at synchronybank.com.
How does Synchrony MMA APY compare to Synchrony's high-yield savings account?+
Synchrony's High Yield Savings Account typically publishes a higher APY than the Money Market Account. If your primary goal is APY and you don't need the ATM card or check-writing access, the Synchrony HYSA may be the better fit. The MMA earns a lower variable rate in exchange for the added liquidity of an ATM card. Compare current live rates for both products at synchronybank.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, fees, and terms 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.