For those of you who are interested in earning a higher APY rate, Synchrony Bank is offering CDs with up to a 2.90% APY CD Rates. Their current special is the 2.90% APY for 60 Month Term.
Established originally in 1988 as Monogram Bank, USA, Synchrony Bank was later created in 2014. More so, Synchrony Bank was headquartered in the Cincinnati, Ohio area for more than fifteen years before moving to Salt Lake City, Utah. Now, Synchrony Bank is headquartered in Draper, Utah, south of Salt Lake City, with a branch in Bridgewater, New Jersey.
Synchrony Bank
Synchrony Bank is the personal deposit banking aspect of Synchrony Financial. Synchrony offers CDs, high yield savings accounts, money market accounts, and IRA CDs. Certificates of Deposit (CDs) and IRA CDs are currently offered with term lengths currently ranging from 3 to 60 months. These CDs offer some of the most competitive rates on the market, with minimum initial deposit requirements and early withdrawal penalties (varies based on the length of the CD term). If you’re interested in a surefire way to invest your money, then make sure to check out Synchrony Bank’s CDs.
Synchrony Bank’s CDs
CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is – the higher APY rate you make! The Synchrony Bank’s Best CDs pays the highest APY rates (see table below). If you’re interested in making a higher rate than a traditional savings account then make sure to check out the Synchrony Bank’s CDs. And remember, your CDs are FDIC insured so invest in a CD today!
CD Rates
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 0.75% APY |
| 6-Month Term | 1.00% APY |
| 9-Month Term | 1.25% APY |
| 12-Month Term | 2.00% APY |
| 13-Month Term | 2.00% APY |
| 14-Month Term | 2.00% APY |
| 15-Month Term | 2.00% APY |
| 18-Month Term | 2.00% APY |
| 24-Month Term | 2.10% APY |
| 36-Month Term | 2.10% APY |
| 48-Month Term | 2.10% APY |
| 60-Month Term | 2.15% APY |
Bottom Line
Whether you’re interested in a short term or long term CD, look no further as Synchrony Bank offers you an array of CDs from 3 months to 60 months. All you need is a minimum of $2,000 deposit to pick your CD term. Sign up with Synchrony Bank today and enjoy their high APY rates (see table above)! If you would like to see more options, check out our Best CD Rates at HMB!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Thanks Elaine. We have updated our post.
The website Hustler Money Blog (https://www.hustlermoneyblog.com/synchrony-bank-certificate-of-deposit-review/) says the following on 6/30/19:
For those of you who are interested in earning a higher APY rate, Synchrony Bank is offering CDs with up to a 3.10% APY CD Rates. Their current special is the 2.90% APY for 48 Month Term.
I do not see this special on Synchrony products website (https://www.synchronybank.com/banking/cd/?UISCode=0000000). Where is it available?