If you want to grow your savings with smart investments but without the risk and hassle that may accompany options like stocks and EFTs, put that money to use in a certificate of deposit (CD). Synchrony Bank is a highly competitive institution when you want to start CD laddering; its APYs are high, its term lengths are plenteous, and it doesn’t impose a minimum opening deposit. Here’s what you need to know about Synchrony CD rates.
Rates are current as of Feb. 3, 2026, and are subject to change.
Synchrony Bank CD rates and products
Synchrony offers three CD types: standard, bump-up, and no-penalty. We’ll explain each of these in a minute. Considering all CD types, you can choose from an impressive 16 term lengths at Synchrony—from three months to five years.
Each of these account types also comes in the form of IRA CDs with identical term lengths. However, the APYs are slightly different, and often less generous.
Standard CDs
Synchrony offers an abnormally wide selection of standard CD terms. Because of this, you’ll find terms that are less common among other financial institutions. This makes CD laddering an interesting prospect, as you can create “rungs” that are much closer together than you might construct elsewhere—giving you more frequent access to your money.
Synchrony also does not enforce a minimum account balance, meaning you can open a CD with as little money as you want (also handy for CD laddering).
Synchrony Bank standard CD rates
Bank details checked Feb. 3, 2026.
No-penalty CDs
No-penalty CDs allow you to withdraw your money before maturity without penalty. You must withdraw the entire amount, effectively closing your account.
Synchrony offers an 11-month no-penalty CD. The tradeoff is a far lower rate compared to a standard CD. If you’re concerned that you may need to withdraw a portion of your investment before your account terms, you’ll be far better creating a CD ladder with a series of standard CDs, as Synchrony’s no-penalty option is not competitive.
Synchrony Bank no-penalty CD rates
Bank details checked Feb. 3, 2026.
Bump-up CDs
Bump-up CDs give you the benefit of locking-in an interest rate while reserving the right to increase the APY if rates rise before your account matures. Synchrony offers a 24-month bump-up CD at a fair (but not jaw-dropping) APY.
Synchrony Bank bump-up CD rates
Bank details checked Feb. 3, 2026.
Synchrony Bank IRA CDs
Synchrony gives you the option to open the same types of CD accounts—standard, no-penalty, and bump-up—but with the tax benefits of an IRA. Those looking for a stable investment to add to the mix for their retirement savings may wish to consider an IRA CD.
You can either open a new IRA account with Synchrony and deposit new money into a CD or transfer funds from an existing IRA. Just note that when you deposit new money into an IRA CD, you must abide by the IRS annual contribution limits, which are $7,000 for those under age 59½ and $8,000 for everyone else as of this writing.
IRA CDs at Synchrony have many of the same conditions, such as no minimum account balance and early withdrawal penalties. But for several term lengths, you’ll earn less interest than standard CDs.
Synchrony Bank IRA CD rates
Bank details checked Jan. 13, 2026.
Synchrony Bank no-penalty IRA CD rates
Bank details checked Jan. 13, 2026.
Synchrony Bank bump-up IRA CD rates
Bank details checked Jan. 13, 2026.
Compare Synchrony Bank to competitors
Synchrony Bank CD rates are no slouch. But they’re not always the absolute best you’ll find on the market. Here’s a look at how Synchrony compares against a couple fierce competitors.
 Synchrony Bank |  Ally Bank |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| 3.50% | 3.30% | 4.00% |
| 9 months | 9 months | 9 months |
| 3.75% | 3.30% | 3.50% |
| 12 months | 12 months | 12 months |
| 3.80% | 3.70% | 3.25% |
| 18 months | 18 months | 18 months |
| 3.70% | 3.50% | 3.25% |
| 24 months | 24 months | 24 months |
| 3.50% | N/A | 3.25% |
| Learn more | Learn more | Learn more |
| View offer at Bankrate | View offer at MoneyLion | View offer at Northern Bank Direct |
Bank details checked Feb. 3, 2026.
Learn more about Synchrony Bank
You may know Synchrony Bank as the issuer of popular store credit cards with merchants like Amazon, Verizon, Sam’s Club, etc. It’s much more than that; it offers several banking products, from high-yield savings accounts to money market accounts.
Still, Synchrony Bank isn’t a full-service bank. You won’t find checking account options, auto loans, mortgages, etc. It’s also fully digital, so it’s got no physical branches. If you’d prefer to keep all your banking (including CDs) at the same financial institution, Synchrony won’t meet those needs.
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Frequently asked questions
Does Synchrony offer promotional or special CD rates?
Synchrony does not advertise its CDs as “promotional” or “special.” That said, it does feature its highest-earning CDs prominently on its site, namely, its 13, 15, 19, and 60-month options as of this writing.
What is the minimum deposit required for a Synchrony CD?
There is no minimum deposit required to open a Synchrony CD.
Can you withdraw interest from a Synchrony Bank CD before maturity?
You can withdraw interest from a Synchrony CD before maturity without penalty.
What are the penalties for early CD withdrawal at Synchrony Bank?
If you decide to withdraw more than earned interest from a Synchrony CD, you’ll pay either 90, 180, or 365 days’ simple interest, depending on the term length. If you haven’t yet earned enough interest to cover the penalty, you’ll lose a portion of your principal.
Are Synchrony Bank CDs FDIC insured?
Synchrony CDs are FDIC insured up to the maximum $250,000.
