+ See a summary of Synchrony CD rates
Synchrony Bank CD rates 2022
24-month bump-up: 2.75% APY
11-month no-penalty: 2.40% APY
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Synchrony Bank has among the highest rates for certificates of deposit among online banks, and there’s no minimum opening deposit. The bank also offers two types of specialty CDs — a no-penalty and bump-up CD — with solid yields.
Synchrony CDs: 3 types
Synchrony offers three types of CDs, all with a minimum deposit of $0:
High-yield CDs: These CDs have a fixed rate and are subject to early withdrawal penalties. Rates for these are the highest among Synchrony’s CDs.
No-penalty CDs: These CDs also have a fixed rate and the added benefit of no early withdrawal penalty, meaning you can withdraw the full amount any time after the first six days without cost.
Bump-up CDs: These…
This article was written by Spencer Tierney and originally published on www.nerdwallet.com