Synchrony Bank CD
Synchrony Bank lists 4.40% APY on its 13-month CD, 4.20% on 12 months and 4.50% on 60 months, accurate as of 10/19/2026, with no minimum deposit and no monthly fees. CDs are held at Synchrony Bank (FDIC cert #27314), which we confirmed is active.
Is the Synchrony Bank CD worth it?
Synchrony Bank pays 4.40% APY on its 13-month CD, per Synchrony’s own CD page, with APYs accurate as of October 19, 2026. The 12-month CD pays 4.20%, the 16-month pays 4.30%, the 18- and 24-month terms pay 4.35% and the 60-month term pays 4.50%.
Synchrony lists no minimum deposit and no monthly fees on its CDs. A penalty may be imposed for early withdrawals, and if your CD rolls over at maturity it earns the rate then offered for that CD type. For more terms and Synchrony’s savings rates, see our Synchrony CD and savings rates guide.
The CD is held at Synchrony Bank. We confirmed with the FDIC that it is an active insured institution (certificate #27314, Draper, Utah), with coverage up to $250,000 per depositor, per ownership category. The APY is fixed once the CD is funded, but rates for new CDs can change at any time. This is not financial advice.
How does a certificate of deposit (CD) work?
A certificate of deposit locks your money for a fixed term in exchange for a fixed rate. You agree not to touch the funds until maturity; withdrawing early usually triggers a penalty of several months' interest. When the term ends, many CDs auto-renew unless you move the money.
How much could you earn with the Synchrony Bank CD?
At a 4.4% APY, a $10,000 balance in the Synchrony Bank CD earns about $440 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Synchrony Bank CD?
The Synchrony Bank CD stands out for 4.40% APY on 13 months, per Synchrony (10/19/2026), though the 12-month CD pays less than the 13-month (4.20%).
- 4.40% APY on 13 months, per Synchrony (10/19/2026)
- No minimum deposit and no monthly fees
- 4.50% APY on 60 months
- The 12-month CD pays less than the 13-month (4.20%)
- A penalty may be imposed for early withdrawals
- Rolled-over CDs earn whatever rate is offered at maturity
Who should get the Synchrony Bank CD?
The Synchrony Bank CD is best for savers who want a 13-month CD with no minimum.
- Savers who want a 13-month CD with no minimum
- Anyone laddering from 12 months to 5 years at one bank
- People who already use Synchrony savings
How does the Synchrony Bank CD compare?
Among the 13 certificates of deposit (cds) we track, the Synchrony Bank CD ranks #5 with a Money 8020 score of 96/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Bread Savings CD | 99 | Essential | Bread Savings (Comenity Capital Bank) |
| American Express CD | 97 | Essential | American Express National Bank |
| Capital One 360 1-Year CD | 97 | Essential | Capital One |
| Marcus by Goldman Sachs High-Yield CD | 96 | Essential | Marcus by Goldman Sachs |
| Synchrony Bank CD | 96 | Essential | Synchrony Bank |
See all certificates of deposit (cds), ranked →
Common mistakes to avoid with a certificate of deposit (CD)
- Locking up money you might need before maturity and eating an early-withdrawal penalty.
- Letting the CD auto-renew into a lower rate instead of shopping at maturity.
- Picking the longest term for a slightly higher rate when a shorter ladder gives more flexibility.
- Ignoring the minimum deposit required to open the term you want.
Key takeaways
- Synchrony Bank CD earns a Money 8020 score of 96/100, ranking #5 of 13 certificates of deposit (cds).
- 4.40% APY on 13 months, per Synchrony (10/19/2026)
- At a 4.4% APY, a $10,000 balance in the Synchrony Bank CD earns about $440 in interest over a year, before taxes.
- Best for savers who want a 13-month CD with no minimum.
- Rate and FDIC/NCUA insurance status fetched from Synchrony Bank and corroborated against a regulator.
Frequently asked questions about the Synchrony Bank CD
What are Synchrony CD rates today?
As of 10/19/2026, Synchrony Bank lists 4.20% APY on 12 months, 4.40% on 13 months, 4.30% on 16 months, 4.35% on 18 and 24 months and 4.50% on 60 months, with no minimum deposit. This is not financial advice.
Is a Synchrony CD FDIC insured?
Yes. Synchrony CDs are held at Synchrony Bank, which we confirmed with the FDIC is an active insured institution (certificate #27314, Draper, Utah). Coverage is up to $250,000 per depositor, per insured bank, per ownership category.
What happens if I withdraw from the Synchrony Bank CD early?
Most CDs charge an early-withdrawal penalty, commonly several months' interest, if you take the money out before maturity. Only commit funds you won't need during the term.
Does the Synchrony Bank CD renew automatically?
Many CDs auto-renew at maturity into a new term at the then-current rate unless you withdraw or change it during a short grace period. Confirm the renewal terms with the provider.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked October 19, 2026. Primary sources: