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0.6%
1-year APY
0.7%
3-year APY
0.8%
5-year APY
Minimum deposit to open | $2,000 |
---|---|
Interest compounding | Daily |
3-month APY | 0.15% |
6-month APY | 0.25% |
9-month APY | 0.35% |
1-year APY | 0.6% |
13-month APY | 0.6% |
15-month APY | 0.6% |
18-month APY | 0.6% |
2-year APY | 0.65% |
3-year APY | 0.7% |
4-year APY | 0.7% |
5-year APY | 0.8% |
Early withdrawal penalty | 90 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 |
Review by
Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.
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 CDs.
Before you apply, make sure you meet Synchrony Bank‘s eligibility criteria:
Gather this information before you start the application process:
You’ll need an opening deposit of at least $2,000 to open a Synchrony Bank CDs, which you can fund in two ways:
Along with up to $250,000 in FDIC protection and easy account access, take advantage of:
Potential drawbacks of the Synchrony Bank CDs include:
Shop all your CD options to find a minimum deposit, term and rate that fit your savings goals.
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.
Get support in three ways: