Synchrony Bank’s High Yield Savings earns approximately 4.50% APY in 2026 — consistently among the top rates available — with no monthly fee, no minimum balance, and no direct deposit requirement. Unlike most savings-only online banks, Synchrony provides an optional ATM card for fee-free Allpoint network access, making it practical for people who occasionally need cash without switching to a full checking account.
Synchrony is a federally chartered savings bank (FDIC insured) and one of the largest consumer savings institutions in the US. It does not offer checking accounts — it is purpose-built for savings and CDs.
Synchrony Bank at a Glance
| Feature | Details |
|---|---|
| HYSA APY | ~4.50% |
| Monthly fee | $0 |
| Minimum balance | $0 |
| ATM card | Optional — Allpoint network (55,000+ ATMs) |
| Daily ATM limit | $1,000 |
| CD terms available | 3, 6, 9, 12, 14, 15, 18, 24, 36, 48, 60 months |
| No-penalty CD | Yes (11-month term) |
| Bump-up CD | Yes (24-month term) |
| Checking account | ❌ Not available |
| Customer service | 1-866-226-5638 |
| Phone hours | Mon–Fri 8 AM–10 PM ET; Sat 8 AM–5 PM ET |
| FDIC insured | Yes — $250,000 per depositor |
Synchrony HYSA vs Competitors
| Institution | APY | ATM Access | Fee |
|---|---|---|---|
| Synchrony | ~4.50% | ✅ Allpoint | $0 |
| Marcus (Goldman Sachs) | ~4.10% | ❌ | $0 |
| Ally HYSA | ~4.00% | ❌ (checking has ATM) | $0 |
| American Express HYSA | ~4.00% | ❌ | $0 |
| Axos HYSA | ~4.66% | ✅ (unlimited reimbursement) | $0 |
Who Synchrony is best for: Savers who want a top HYSA rate with the occasional ability to withdraw cash via ATM without maintaining a separate checking account. The Allpoint network covers most major retailers and pharmacy chains, so access is rarely a problem.
Who should look elsewhere: Anyone who needs a full checking account, Zelle payments, or daily banking features should consider Ally (which bundles checking + savings) or Axos (which offers unlimited ATM reimbursement on checking).
All Synchrony Bank Guides
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