Synchrony High Yield Savings

Synchrony

Best for hands-off savers who want no minimums and zero fees.

3.40%APYFDIC Insured

Rate Details

Current APY3.40%
CompoundingDaily

Fees & Minimums

Monthly FeeNone
Min Opening Deposit$0

Features

✓FDIC Insured
✓Mobile App
✓Mobile Deposit
✓ATM Access
✗Check Writing
✓Joint Account
✗Sub-Accounts / Buckets
✓Automatic Transfers
✓No Minimum Balance

Overview

Synchrony High Yield Savings from Synchrony offers 3.40% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.

Why We Like It

We like Synchrony High Yield Savings because it charges no fees and requires no minimum balance, provides ATM access for quick withdrawals, supports automatic savings transfers.

Pros & Cons

Pros

  • No monthly fees
  • No minimum balance requirement
  • Mobile app available
  • Mobile check deposit
  • ATM access included

Cons

  • No check-writing privileges
  • No savings buckets or sub-accounts
Open Account at Synchrony

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APY as of June 7, 2026