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Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Synchrony Bank CD rates


Annual Percentage Yield (APY)

1.75% APY to 3.81% APY


Minimum Deposit Amount

$0

Synchrony Synchrony CD


Annual Percentage Yield (APY)

1.75% APY to 3.81% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

1.75% APY to 3.81% APY


Minimum Deposit Amount

$0

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Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Synchrony pays high rates on CDs. Most banks typically require at lest $1,000 for an initial deposit, but Synchrony stands out because it doesn’t require any account minimums to open a CD. 

Synchrony vs. Discover Bank

Synchrony has higher CD rates than Discover. However, keep in mind rates may fluctuate so this can change in the future.

Your choice between the two banks could also come down to which term length you want. Synchrony offers a wider variety of shorter-term CDs, including 13-month, 14-month, and 15-month terms. But Synchrony’s longest term is 5 years, while Discover has 7-year and 10-year options.

Synchrony vs. Marcus

Synchrony CDs offer high interest rates than most Marcus CDs right now. However, keep in mind rates may fluctuate so this can change in the future.

You might like Marcus if you want to open a no-penalty CD, which doesn’t charge you for withdrawing funds before your CD matures. The Marcus No-Penalty CD pays competitive rates, too.



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