Synchrony Bank High Yield Savings Account Review: Earn 0.60% APY Rate [Nationwide]

Browsing through the web for a phenomenal online savings account? Well, you’re in the right spot. This Synchrony Bank High Yield Savings Account is available nationwide and offers a very competitive rate at all balance tiers. With award winning rates, no minimum balance requirements, no monthly fees, being FDIC insured, and much more, you can’t go wrong with this account. See below for the offer details.

Why Open A Synchrony Bank High Yields Savings Account?

Comparing High Yield Savings rates? See how Synchrony Bank are beyond comparison. As shown below, online accounts definitely has a far outreach advantage to your brick and mortar branches.

Application Link

Synchrony Bank High Yield Savings Account: Consider opening a high yield savings account online to receive a phenomenal rate of return on your funds. You can apply today through our table above!

Interested in what more Synchrony Bank has to offer? See our list of Synchrony Bank Promotions!

Synchrony Bank High Yield Savings Account Rates

Account Features

• High interest savings rates that go well beyond the national average
• Peace of mind through FDIC Insurance
• No minimum balance or monthly service fee
• Easy withdrawals online, by phone or ATM card
• 24/7 online savings account management

Frequently Asked Questions (FAQs)

• Q: Is there a fee if I go over the six withdrawals/transfers in a statement cycle?
  • A: There is no fee for a withdrawal or transfer over 6.
  • However, if this happens, the bank reserves the right to close the account for misuse.
• Q: Which transactions are categorized as one of the six transfers or withdrawals?
  • A: The transactions that count towards the limit include, but are not limited to: withdrawals requested over the phone, checks, point-of-sale transactions, outgoing wire transfers, internal transfers (from one Synchrony Bank account to another Synchrony Bank account whether conducted through the call center, IVR, or through online banking) and transfers from Synchrony Bank accounts to a registered external account.
• Q: How can I access my funds in a High Yield savings account?
  • A: There are several ways to access your funds. You can:
    • Transfer the funds to a registered external bank account, either online or by calling in to a Synchrony Bank representative.
    • Use an ATM card wherever your ATM card is accepted or at a point of sale using a PIN transaction.
    • Wire the funds out to another United States bank ($25.00 outgoing wire fee where applicable).
    • Call and request a check to be sent to you at your address on file.
• Q: How can I deposit money into my High Yield Savings account?
  • A: There are several ways to deposit money to your High Yield Savings account. You can:
    • Send a personal or Cashier's check
    • Initiate a Direct Deposit from a third party
    • Wire transfer the funds to Synchrony Bank (must be initiated by sending bank)
    • Transfer funds through an electronic funds transfer (EFT) from a registered external bank account
    • Use a mobile check deposit
    • Make an internal transfer from another Synchrony Bank account

Avoid Monthly Fees

• Synchrony Bank High Yield Savings Account: No monthly fees

Author's Verdict

This Synchrony Bank High Yield Savings Account offers a pretty good rate of return on your funds at any amount! Simple to apply and a great way to earn funds on your excess cash! Definitely consider making the switch if you have a savings account at your local bank which usually offer a 0.01% rate! The reason why I prefer online savings accounts is you typically receive better rates due to far lower overhead costs of only operating online compared to your brick and mortar banks/credit unions. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!

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