Synchrony Bank sells CDs with no minimum deposit, FDIC insurance up to $250,000 per ownership category, and a penalty set by term. Its CD page loads the APYs dynamically, so we could not read rates on October 15, 2026, and this page does not list any. Check synchronybank.com for the rate on your term. The Motley Fool listed Synchrony’s High Yield Savings at 3.30% APY, as of the date in the Sources box.
What Synchrony’s CD Page Says
| Feature | Detail |
|---|---|
| Minimum deposit | None |
| Terms shown | Featured terms of 13, 16 and 60 months, plus 12, 18 and 24 months; other terms are on its full rate list |
| Interest withdrawals | Interest paid during the current term can be withdrawn anytime without penalty |
| Adding money | Not during the term; you can add funds during the 10-day grace period after maturity |
| Other option | Synchrony points to a No-Penalty CD and CD laddering for flexible access |
Source: Synchrony Bank’s CD page and CD FAQ.
Early Withdrawal Penalties (Standard CDs)
| Term | Penalty |
|---|---|
| 12 months or less | 90 days of simple interest at the current rate |
| More than 12 but less than 48 months | 180 days of simple interest at the current rate |
| 48 months or more | 365 days of simple interest at the current rate |
Synchrony says certain exceptions may apply; see its account agreement.
Related Guides
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy