What is Synchrony Bank?
Synchrony Bank is an online bank. It helps people save money safely. They give good interest rates on savings like CDs. A CD is a special savings account where you keep money for some time to earn more.
What is a CD?
A CD means Certificate of Deposit. You put money in the bank for a fixed time, like 6 months or 5 years. The bank pays you extra money called interest. It is safe because the government protects your money up to $250,000.
Synchrony Bank CD Rates in 2025
Right now, in December 2025, Synchrony gives good rates. For example, a 9-month CD can give about 4.10% interest. A 1-year CD gives around 3.90%. Longer ones, like 5 years, give about 3.75%. These rates are better than many banks.
Good Things About Synchrony CDs
You do not need any money to start – even $1 is okay! No monthly fees. Your money grows every day with interest. There are special CDs too, like one where you can take money out early without losing much.
FAQs
What is the best CD rate at Synchrony now?
Some short CDs give up to 4.10% interest.
Do I need money to open a CD?
No, you can start with any amount.
Is my money safe?
Yes, the government protects it up to $250,000.
Can I take money out early?
Usually not, or you pay a small penalty. But there is a no-penalty CD for some terms.
How do I open one?
Go online to Synchrony Bank's website and sign up.
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