Synchrony Bank CD Rates: How They Compare

+ 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…

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This article was written by Spencer Tierney and originally published on