Pros

1.20% APY on savings, about the best you'll find.
No fees for ATMs in its network; reimburses $5 a month for out-of-network ATMs.

Cons

No checking account.
Only one branch location, in Bridgewater, New Jersey.

Overall

4.0

With only one branch location and no checking account options, Synchrony doesn’t fit the mold of most banks. Still, this bank is worth considering if you like great interest rates on savings products and prefer banking online.

Maybe a separation from your checking account is just what your rainy-day fund needs to prosper.

Ratings methodology | Reviewed May 12, 2017

Savings

5.0

Synchrony's high-yield savings account comes with low fees and one of the highest rates at 1.20% APY. No minimum balance is required to open an account or qualify for the interest rate. Synchrony Bank doesn't charge fees for using ATMs that accept its bank card — those with a Plus or Accel logo. But ATM owners might charge a fee. For those charges, Synchrony bank offers a monthly $5 rebate.

High Yield Savings Account
1.20%
APY
$1
Min. balance for APY
Learn moreat Synchrony Bank
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Overall
Customer service
Poor
Website / app
Poor
Rates
Fair
Fees
Fair
Beyond Horrible; Have to reset password every time I log on
For about two years, I've had to reset my password EVERY SINGLE TIME I log into my account. This didnt use to be so bad as I was sent a code and could reset it myself. Now it's gotten to the point where I have to call in and reset it every time. I've followed every instruction they're given me. It's time to leave. No, I would not recommend this bank.
Overall
Customer service
Poor
Website / app
Fair
Rates
Poor
Fees
High
Theiving fees
Got a 0 interest note from sleepnumber and make 2 payments a month get 39 dollar late fees every month since first month the late fees made amount more than i paid and if you pay before billing it doesnt go to the next month. then dealing with non english speaking idiots o phone for service. I wouldnt recommend this bank to my worst enemy. thieves is all they are.
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