Synchrony Bank CD Rates (2026): Up to 4.50% APY
Synchrony Bank has no minimum deposit, a long list of terms from 3 to 60 months, IRA CDs and a bump-up CD. It suits savers who want a choice of odd terms (13, 14 or 19 months) or a CD inside an IRA. Its best rate was 4.50% APY on the 60-month CD on October 19, 2026 (for new CDs; fixed once opened), and the penalty on 4- and 5-year terms is a full year of interest.
By Wealthy Pot Editorial · Facts checked October 19, 2026
Facts checked October 19, 2026 against Synchrony Bank's own CD rate page and deposit agreement (4 sources, listed below). We re-check prices about once a month. We do not earn a commission from Synchrony Bank.
Synchrony Bank at a glance
| CD rates (APY) | 3 mo 0.25%, 6 mo 4.10%, 9 mo 4.15%, 12 mo 4.20%, 13 mo 4.40%, 14, 15 and 16 mo 4.30%, 18, 19 and 24 mo 4.35%, 36 mo 4.40%, 48 mo 4.40%, 60 mo 4.50%; read October 19, 2026; for new CDs, fixed once opened [1] |
|---|---|
| Bump-Up CD | 24 months, 3.00% APY in the rate feed; one rate increase per term [4] |
| No-Penalty CD | 11 months; the current rate could not be confirmed (the rate feed showed 0.25% APY, which may not be the offered rate) [1] |
| Minimum deposit | None [2] |
| Early withdrawal penalty | 90 days of simple interest on the amount withdrawn for terms of 12 months or less; 180 days for more than 12 and less than 48 months; 365 days for 48 months or more [3] |
| IRA CDs | Yes, 3 to 60 months, at the same APYs as regular CDs in the rate feed [4] |
| Interest | Compounded daily, credited monthly [3] |
| At maturity | Renews automatically; 10-day grace period starting the day after maturity [3] |
| Adding money | Not allowed during a term [3] |
| FDIC-insured bank | Synchrony Bank [2] |
Synchrony Bank in official federal data
Rate compared with the national average
Synchrony Bank's 1-year CD APY of 4.20% (as of October 19, 2026) is about 2.4 times the FDIC's national average for 12-month CDs, 1.76% (as of October 19, 2026). On $10,000 kept for a year, that is about $420 in interest against $176 at the national average, before tax; a CD locks its rate for the term, while the national average is for CDs opened that month.
Who holds your money
- Deposits are held by Synchrony Bank, FDIC certificate #27314, based in Draper, UT, established August 1, 1988 according to the FDIC.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $86.0 billion in deposits and $115 billion in total assets (June 30, 2026 call report). Primary federal regulator: Office of the Comptroller of the Currency.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 264 complaints about checking or savings accounts at SYNCHRONY FINANCIAL, about 3.07 per $1 billion of deposits; the company responded on time to 98.5%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How Synchrony Bank works
You open a CD online with any amount, pick a term and fund it once: Synchrony does not allow added deposits during a term. Interest compounds daily and is credited monthly. At maturity the CD renews for the same term unless you act within the 10-day grace period, which starts the day after maturity. The same terms are available as IRA CDs. The federal-data block on this page compares Synchrony's rates with the FDIC national averages.
Watch the term boundaries. The 13-month CD pays 4.40%, more than the 12-month (4.20%), but anything over 12 months carries a 180-day penalty instead of 90 days, and 48 months or more costs 365 days. The Bump-Up CD (24 months) lets you raise its rate once per term, but it starts at 3.00%, well below the 4.35% on a regular 24-month CD. The No-Penalty CD (11 months) allows no withdrawals for the first 6 days after funding and then only of the full balance; we could not confirm its current rate.
A hypothetical early withdrawal: you put $10,000 in a 12-month CD at 4.20% and close it after 6 months. The penalty is 90 days of simple interest on the amount withdrawn. Using the APY as an approximation of the rate: $10,000 x 4.20% x 90 / 365 = $103.56. Six months of interest is about $10,000 x 4.20% x 6 / 12 = $210.00, so you keep roughly $106.44. The same exit from a 13-month CD at 4.40% costs 180 days: $10,000 x 4.40% x 180 / 365 = $216.99, which is about all the interest earned by then ($220.00). The agreement says a penalty can reduce principal. Test terms in the CD calculator.
Pros
- No minimum deposit on any term
- Many terms, including 13, 14, 15, 16 and 19 months
- IRA CDs at the same rates as regular CDs
- Penalty waived on IRA required minimum distributions, at death or incompetence of an owner, and in the grace period
Cons
- 365 days of interest as the penalty on terms of 48 months or more
- The No-Penalty CD rate could not be confirmed
- The Bump-Up CD starts at 3.00%, below the regular 24-month rate
- The 3-month CD pays only 0.25%
Who Synchrony Bank fits, and who should skip it
A good fit if
- You want no minimum deposit and many terms to fit a CD ladder.
- You want a CD inside an IRA.
- You are sure you will hold to maturity, so the 365-day penalty on long terms does not matter.
Limitations to know
- Additional deposits other than credited interest are not allowed during any CD term. [3]
- The No-Penalty CD allows no withdrawals in the first 6 days after funding, and after that only the entire balance can be withdrawn. [1]
- The Bump-Up CD allows one rate increase in the initial term and one in each renewal term, requested online, in the app or by phone, not by chat. [3]
- Synchrony applies a $3,000,000 combined total balance limit and may return funds above it. [3]
- Outgoing wires cost $25. [3]
Synchrony Bank compared with alternatives
| Bank | 6-month | 1-year | 3-year | 5-year | Minimum |
|---|---|---|---|---|---|
| Synchrony Bank | 4.10% | 4.20% | 4.40% | 4.50% | $0 |
| Barclays | 4.00% | 4.50% | 4.50% | 4.75% | $0 |
| Marcus by Goldman Sachs | 3.95% | 4.40% | 4.40% | 4.40% | $500 |
| Bread Savings | 4.05% | 4.45% | 4.60% | 4.70% | $1,500 |
| Ally Bank | 3.85% | 4.30% | 4.10% | 4.25% | $0 |
- Pick Barclays if you want 4.75% on a 2- or 5-year CD and a smaller penalty on long terms.
- Pick Marcus by Goldman Sachs if you want a no-penalty CD with a published rate.
- Pick Bread Savings if you can deposit $1,500 and want a 4.85% 18-month CD.
- Pick Ally Bank if you want low penalties and a no-penalty CD at a bank with checking.
Security and privacy
- Deposits are held at Synchrony Bank, an FDIC member; Synchrony states that FDIC insurance protects deposits up to $250,000 (the limit is per depositor, per bank, per ownership category). [2]
- Joint accounts are owned by two or more people with right of survivorship. [3]
- These are bank CDs under Synchrony Bank's Consumer Deposit Account Agreement, not brokered CDs. [3]
Recent changes
| Date | What changed |
|---|---|
| Oct 19, 2026 | CD rates since our September 2026 snapshot: 12-month 4.10% to 4.20%, 3-year 4.30% to 4.40%, 5-year 4.35% to 4.50%; 6-month unchanged at 4.10%. [4] |
| Jul 1, 2025 | Current Consumer Deposit Account Agreement takes effect. [3] |
Synchrony Bank FAQ
Is Synchrony Bank FDIC insured?
Yes. Synchrony Bank is an FDIC member, and CDs are insured up to $250,000 per depositor, per ownership category.
What are Synchrony CD rates today?
On October 19, 2026 Synchrony listed 4.10% APY for 6 months, 4.20% for 12 months, 4.40% for 13 and 36 months and 4.50% for 60 months, among other terms. Rates are for new CDs and fixed once opened. Compare banks on our <a href="/cd-rates/">CD rates page</a>.
Does Synchrony have a minimum deposit for CDs?
No. Synchrony states there is no minimum deposit.
What is the penalty for withdrawing a Synchrony CD early?
Ninety days of simple interest on the amount withdrawn for terms of 12 months or less, 180 days for terms over 12 and under 48 months, and 365 days for 48 months or more. On a $10,000 12-month CD at 4.20%, that is about $103.56.
What is the Synchrony no-penalty CD rate?
We could not confirm it. Synchrony's rate feed returned 0.25% APY for the 11-month No-Penalty CD on October 19, 2026, which may not be the rate actually offered. Check Synchrony's rates page before you open one.
How we researched this review
We did not get paid for this page. On October 19, 2026 we read Synchrony Bank's own CD rate page, deposit account agreement and disclosures, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. Penalty examples are our arithmetic on the bank's stated formula. CD rates for new accounts change often; we re-check them about once a month.
Sources
- Synchrony Bank, Rates and terms (rates read October 19, 2026), checked October 19, 2026.
- Synchrony Bank, CDs, checked October 19, 2026.
- Synchrony Bank, Consumer Deposit Account Agreement (effective 07/01/2025), checked October 19, 2026.
- Synchrony Bank, public product and rate feed used by its rate pages, checked October 19, 2026.
This review is for general information, not financial advice. CD rates for new accounts change often; the rate is fixed only once you open the CD. Confirm the current rate with the bank.