Online savings account from Synchrony Bank (Member FDIC).
Synchrony Bank High Yield Savings
Synchrony Bank ·
- APY
- 3.75%
- Minimum
- None
- Monthly fee
- None
Savers who want a no-minimum, no-fee account with a mobile app
- No minimum deposit, no minimum balance and no monthly fees
- Mobile app for iOS and Android
- The rate may change after the account is opened
Our verdict
Synchrony Bank High Yield Savings scores 3.7 out of 5 (73.5 of 100 points) in our method, which ranks it #1 of 8 verified savings accounts we compare. Best for: savers who want a no-minimum, no-fee account with a mobile app.
Key terms
| APY | 3.75% |
|---|---|
| Minimum | None |
| Monthly fee | None |
| Deposit insurance | FDIC-insured, as stated by the provider |
| Terms verified | 11/03/2026 |
Pros and cons
Pros
- No minimum deposit, no minimum balance and no monthly fees
- Mobile app for iOS and Android
Cons
- The rate may change after the account is opened
Who it is for
- A good fit: Savers who want a no-minimum, no-fee account with a mobile app.
- Look at other options if any of these is a dealbreaker: the rate may change after the account is opened.
How it compares
| Account | APY | Minimum | Monthly fee | Our rating |
|---|---|---|---|---|
| Synchrony Bank High Yield Savings | 3.75% | None | None | 3.7 |
| CIT Bank Savings Connect | 3.65% | $100 | None | 3.6 |
| Marcus Online Savings Account | 3.50% | None | None | 3.5 |
| Ally Bank Savings Account | 3.20% | None | None | 3.4 |
| Capital One 360 Performance Savings | 3.20% | None | None | 3.4 |
| American Express High Yield Savings Account | 3.20% | None | None | 3.4 |
| Quontic High Yield Savings | 3.20% | $100 | None | 3.3 |
| Wells Fargo Way2Save Savings | 0.01% | $25 | $5 | 1.2 |
See it in our full comparison: High-Yield Savings Accounts: Compared.
How we scored it
The score uses only the savings account’s published terms. Whether a provider pays us, or whether we have any agreement with it, plays no part. Read the full method.
| Part | Weight | This savings account |
|---|---|---|
| APY | 60 | 63 / 100 |
| Fees and minimums | 25 | 100 / 100 |
| Tools and service | 15 | not scored |
Frequently asked questions
What is the APY on the Synchrony Bank High Yield Savings?
Synchrony Bank advertised an APY of 3.75% on 11/03/2026. Savings rates are variable and can change at any time, so check the current rate on the provider's site before you open an account.
Does the Synchrony Bank High Yield Savings have fees or a minimum deposit?
Monthly fee: none. Minimum to open: none. (Provider terms, verified 11/03/2026.)
Is the Synchrony Bank High Yield Savings FDIC insured?
Yes, according to the provider. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, per ownership category. You can check any bank in FDIC BankFind.
How much would $10,000 earn in a year?
At 3.75% APY, about $375 over 12 months if the rate did not change (APY already includes compounding). Try your own numbers in the compound interest calculator.
Sources
- Synchrony Bank product page, read 11/03/2026
- FDIC: deposit insurance coverage
Terms change; confirm them on the provider’s site. Not financial advice.