
Synchrony Bank Review: Savings and CDs
Synchrony is a top online bank with high rates on savings and CDs.

Synchrony is a top online bank with high rates on savings and CDs.

Citibank offers many of the perks of a big bank and some of the advantages of an online bank. Customers in some regions can qualify for competitive rates.

Chime charges few fees and has many helpful features to manage money. But accessing all perks requires monthly direct deposits.

Marcus offers competitive savings rates but lacks some conveniences other banks have, including a checking account.

Banks may offer promotional CD rates as their most competitive yields, but the CD terms tend to be less common.

Navy Federal Credit Union provides accounts and products for people who have served as a member of the military or have worked for the Department of Defense, and immediate family members of those eligible.

First Tech provides solid checking options and offers free access to a large network of ATMs and branches.

For a fixed rate, go with a no-penalty CD. For more access to funds, consider a savings account.

Certificates of deposit are federally insured, which makes them a safe way to save money.

Once a certificate of deposit matures, you enter into what’s called the grace period. You can withdraw funds or let your CD renew.