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Synchrony Bank CD rates

Earn up to 5.00%, and enjoy a 15-day best rate guarantee.’s rating: 5 / 5


Synchrony Bank CD offer a wide range of terms, competitive rates and a fully online application. But like most CDs, you’ll face penalties for early withdrawal.

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1-year APY


3-year APY


5-year APY


Star rate5
3-month APY2.25%
6-month APY5.00%
9-month APY4.80%
1-year APY4.75%
18-month APY4.50%
2-year APY4.30%
3-year APY4.30%
4-year APY4.00%
5-year APY4.00%
Early withdrawal penalty90 days interest for terms of 1 to 12 months
180 days interest for terms of 13 to 48 months
365 days interest for terms of 49 + months
Minimum deposit to open$0
Interest compoundingDaily

Review by

Shannon Terrell is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in personal finance. Her writing and analysis on investing and banking has been featured in Bloomberg, Global News, Yahoo Finance, GoBankingRates and Black Enterprise. She holds a bachelor’s degree in communications and English literature from the University of Toronto Mississauga.

Expert review

Synchrony Bank CD offer a wide range of terms, competitive rates and an entirely online application. There’s no minimum balance requirement, so you can open and fund your account with however much you want. This makes the account best for those looking for an easy to setup, easy to access account that offers flexibility in term-lengths and great APYs.

Synchrony also offers a best rate guarantee, giving you the larger APY between the day you signed up and the day you funded your account. But you’ll need to act quick on this guarantee: it’s only good for 15 days from signup. And as an online bank, you’ll need to be comfortable with customer service delivered remotely. But if this isn’t a problem, Synchrony CDs are among the top picks on the market.

How do I open a Synchrony Bank CD account?

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Synchrony Bank website, click Open Account.
  3. Select the CD term you’re interested in, and enter the amount of your opening deposit. Click Next.
  4. Enter your full name, Social Security number, date of birth, email address and residential address. Click Next.
  5. Enter your phone number, employment information and driver’s license or state ID number. Click Next.

To complete your account application, indicate how you’d like to fund your account. Electronically transfer funds from an externally linked account or mail a check to Synchrony Bank.

After you’ve reviewed your information and Synchrony Bank‘s terms and conditions, you’re given the account number of your new Synchrony Bank CD.


Before you apply, make sure you meet Synchrony Bank‘s eligibility criteria:

  • US citizen
  • At least 18 years old
  • US residential address
  • Social Security number
  • Valid bank account

Required information

Gather this information before you start the application process:

  • Primary home address
  • Valid email address
  • Valid phone number
  • Social Security number
  • Driver’s license or valid state ID
  • Bank account and routing number of your funding account

Funding options

You have three options to fund your new Synchrony Bank CD:

  • Online transfer. Transfer money for free from an externally linked checking or savings account to fund your new CD.
  • Wire transfer. Initiate an outgoing wire transfer, which may be subject to a fee from your bank.
  • Mail a check. After opening your account online, mail a check with your new CD account number to:
    • Synchrony BankPO Box 105972
      Atlanta, GA 30348-5972

After your CD matures, you have 10 days to add money, withdraw funds, change your CD term or take advantage of a promotional offer.

6 benefits of Synchrony Bank CD

Along with up to $250,000 in FDIC protection and easy account access, take advantage of:

  1. No minimum balance. Start earning interest on balances as low as $0.01.
  2. Wide term ranges. Lock up your money for three to 60 months.
  3. IRA CD options. It offers terms of 3, 6, 9, 12, 16, 18, 24, 36, 48 and 60 months and rates top out at 4% APY with both traditional and Roth accounts available.
  4. Up to 5.00% APY. Rates range from 2.25% APY for three months to 5.00% APY.
  5. Best rate guarantee. Open and fund your account within 15 days to lock in the higher rate from either the day you signed up or the day you funded your CD.
  6. Withdraw your interest. While you can’t access your initial deposit until your CD matures, you can withdraw accrued interest without penalty.

1 potential drawback

One potential drawback of the Synchrony Bank CD is:

  1. No in-person support. Since Synchrony Bank has no physical branches, customer service is only available by phone and live chat.

Shop all your CD options to find a minimum deposit, term and rate that fit your savings goals.

Compare with other CDs

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Western Alliance Bank 12 months CDs through SaveBetter
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through SaveBetter
Get 5.01% APY on a 12 month CD, and earn an APY that’s 14.8x higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
CIT Bank Term CDs
Finder Rating: 3.5 / 5: ★★★★★
CIT Bank Term CDs
Lock up to a 5% APY with a 6-month CD from CIT Bank, a division of First Citizens Bank with 125 years of experience. $1,000 minimum to open. FDIC insured.
Barclays Online CDs
Finder Rating: 4.5 / 5: ★★★★★
Barclays Online CDs
Get competitive rates on CD term lengths from 3 to 60 months. A reliable and secure way to see your money grow. FDIC insured.
Crescent Bank
Finder Rating: 4.8 / 5: ★★★★★
Crescent Bank
Earn competitive rates up to 5.15% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
Quontic Bank CD
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less. Member FDIC.

Synchrony CDs reviews and complaints

Customer reviews of Synchrony Bank’s CDs are generally positive, with customers noting expected returns from promised APYs despite “mediocre” customer service. Synchrony Bank is rated A+ with the Better Business Bureau and has been accredited since 2006. On Trustpilot the bank scores a 1.2 out of 5 based on customer reviews, with complaints lodged over poor customer service and incorrect account management.

How do I cash out a CD?

Synchrony Bank sends a CD maturity notice 30 days before your CD maturity date. This gives you an opportunity to decide what you’d like to do with your CD funds.

On the day after your CD matures, a 10-day grace period begins. Over this time, you can renew your CD term, add funds to your CD, roll your funds into a different term or withdraw your funds.

If you don’t instruct Synchrony Bank what to do with your matured CD, the CD automatically renews for the same term at the current rate Synchrony Bank offers at the time of renewal.

How to contact Synchrony Bank customer service?

Get support in three ways:

  • Live chat. Talk with a customer service rep online.
  • Phone. Call 866-226-5638 weekdays from 7 a.m. to midnight ET and weekends from 8 a.m. to 5 p.m. ET.
  • Snail mail. Mail a letter to:
    Synchrony Bank
    PO Box 105972
    Atlanta, GA 30348-5972

CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

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