Advertiser Disclosure

Pros

1.05% 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.
Cash can't be deposited at ATMs.
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.

Who knows, a separation from your checking account may be just what your rainy-day fund needs to prosper.

Ratings methodology | Reviewed Nov. 10, 2016

Savings

5.0

Synchrony's high-yield savings account comes with low fees and one of the highest rates at 1.05%. No minimum balance is required to open an account or qualify for the interest rate. Synchrony Bank doesn't charge fees for using its ATM network of more than 2 million STAR, NYCE and Plus machines, but ATM owners might. For those charges, Synchrony bank offers a monthly $5 rebate.

High Yield Savings Account
1.05%
APY
$1
Min. balance for APY
Learn moreat Synchrony Bank
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Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
HORRIBLE customer service EVER
I have made 5 phone calls and talked to 9 people to which I still don't have my issue taken care of. Each person tells me a different thing and transfers me to someone else. I have been on the phone 1.5 hours and am extremely frustrated. I wouldn't recommend this company if they were the only company left to choose from. I am closing my account. I would find another company unless you have endless time to deal with a small problem.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Horrible
None of their reps seem to know how to help! They keep charging me late fees along with fees on promotional items!!!!! and try justifying it with malarkey excuses. The managers are always assisting other customers?????? I am so fed up with them!!!!
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