Last Updated:
Synchrony Bank Review 2026
Quick Summary
Rating
4.5/5 ⭐
Savings APY
3.50%
Checking APY
N/A
Monthly Fee
$0
Best for: Savers who want a simple high‑yield savings with ATM access
What is Synchrony Bank?
Synchrony Bank is a savings-focused online bank offering competitive rates and modern banking features.
✓ Pros
- High savings APY with no minimum balance
- No monthly fees
- ATM card available for savings accounts
- Reimburses domestic ATM fees up to $5 per cycle
✗ Cons
- No checking account option
- Limited in‑house financial products beyond savings and CDs
- No physical branches
Account Details
| Savings APY | 3.50% |
| Checking APY | N/A |
| Min Deposit | $0 |
| Monthly Fee | $0 |
| ATM Access | Free ATM card; refunds up to $5 per statement cycle |
| Mobile App | Very Good |
| FDIC Insured | Yes |
Who Should Choose Synchrony Bank?
Best for: Savers who want a simple high‑yield savings with ATM access
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